Netflier Finco to debut on BSE, NSE on 19 June 2007

Netflier Finco (NFL) debuts on the bourses on Tuesday, 19 June 2007. The listing of the company follows a restructuring scheme at JK Tyre and Industries (JKTIL), formerly JK Industries, whereby the investment undertaking of JKTIL got demerged and vested in NFL on a going concern basis.

NFL had issued and allotted 1.02 crore equity shares of Rs.10 each fully paid up to the shareholders of JKTIL on January 29, 2007, in the ratio of one equity share of Rs 10 each of NFL for every four equity shares of Rs 10 each held in JKTIL.

The issued, subscribed and paid-up capital of NFL is Rs.10.31 crore consisting of 1.03 crore equity shares of Rs 10 each fully paid up.

The company reported a net profit of Rs 0.09 crore on total income of Rs 0.30 crore in six months ended 31 March 2007.

Netflier Finco is a non-banking financial company (NBFC).

Roman Tarmat IPO subscribed 0.64 times on day 4

On fourth day of Roman Tarmat IPO, the issue was 0.64 times susbcribed. The issue received total bids for 18.67 lakh shares from total issue size of 29 lakh shares. (17:00 IST)

On previous day (14 June 2007), There were no bids in the Qualified Institutional Buyers (QIBs) category. The Non Institutional Investors bid for 79,960 shares, out of 4.20 lakh shares allotted for this category.

The retail individual investors bid for 17,120 shares. From this, 15,240 shares were bid at cut off price and 1880 shares were price bids.

The IPO has a price band of Rs 150 - 175 and will close on 19 June 2007.

Roman Tarmat is a Mumbai-based infrastructure construction company engaged in the business of highways, runways and other civil work.

The company, established in 1986, provides engineering, procurement and construction services for infrastructure projects sponsored by Government/ Government agencies.

Broadly, the business activities can be categorised into the following three segments: airside works; highways and roads; and other civil work. The company is one of the few construction companies in India operating in the area of construction of runways, which requires a strict focus on quality to ensure safe take off and landing of aircrafts.

Over the years, it has developed the expertise of building runways that adhere to the strict quality standards and has built runways for major civil airports (Mumbai and New Delhi airports) as well as military airports.

The order book comprising un-commenced projects, unfinished and uncertified portions of its commenced projects, as on 30 April 2007, was Rs. 336.89 crore.

The company posted a net profit was Rs 8.50 crore in FY 2006, as compared to Rs. 3.67 crore in FY 2005. Total income of Rs 90.94 crore in FY 2006, as compared to Rs. 77.30 crore in FY 2005.

Ankit Metal & Power IPO opens on 18 June 2007

Ankit Metal & Power will enter capital market with an initial public offer of 95.90 lakh equity shares on 18 June 2007. The issue will close on 22 June 2007.

The 100% book building issue has a price band of Rs 30 - 36 per share. The minimum market lot size is 190 shares.

Decolight Ceramics to debut on bourses

On 19 June 2007, Decolight Ceramics will debut on bourses. It will be placed in the B1 group on BSE.

The issue is priced at the top end of the Rs 45 – 54 price band.

Decolight Ceramics IPO ended on 29 May 2007 with 1.53 times subscription It received total bids for 1.44 crore shares from the issue size of 94.54 lakh shares.

The total bids in the QIBs category were 12.25 lakh shares, which were bid by the Foreign Institutional Investors (FIIs). There were no bids by Domestic Financial Institutions and Mutual Funds in the issue.

The high net investors (HNI’s) bid for 29.48 lakh shares. The retail investors bid for 1.02 crore shares, of which 99.07 lakh shares were bid at cut off price and 3.58 lakh shares were bid at price.

Decolight Ceramics is engaged in manufacturing vitrified ceramic tiles. It initially started with a production capacity of 3,000 sq. meters per day of vitrified tiles on 1 June 2004.

Later on, the company enhanced its capacity to 6,000 square meters per day in the year 2005-06. The current installed capacity of vitrified tiles is 12,000 sq. meters per day.

Nelcast fixes issue price

Nelcast has fixed the issue price at the top end of the Rs 195 – Rs 219 price band. The issue price is 21.9 times the face value of Rs 10 each.

The issue opened on 4 June 2007 and closed on 8 June 2007.

Nelcast IPO ended with 7.36 times subscription. The issue received total bids for 3.20 crore shares, from the total issue size of 43.50 lakh shares.

The total no bids in the Qualified Institutional Buyers (QIBs) category were 2.44 crore. The Foreign Institutional Investors (FIIs) bid for 1.67 crore shares, the Domestic Financial Institutions bid for 35.24 lakh shares and Mutual Funds bid for 40 95 lakh shares.

The Non Institutional Investors bid for 6.04 lakh shares. The retail investors bid for 69.91 lakh shares, from which 63.95 lakh shares were bid at cut off price and 5.95 lakh shares were bid at price.

Nelcast mainly caters to commercial vehicle and tractor industries. It plans to deploy the IPO proceeds for expansion and modernisation of its units in Andhra Pradesh and Tamil Nadu, to reach a production capacity of 1,50,000 MT per annum by 2008-09.

Its clientele include Tata Motors, Ashok Leyland, Eicher Motors, Tata Cummins, Mahindra and Mahindra, TAFE, International Tractors and New Holland India. It exports to the US, Europe and Australian markets, where it caters to Arvin Meritor, Volvo, SIGMA and Dobbie Dico Meter.

Glory Polyfilms debuts on bourse

On 18 June 2007, Glory Polyfilms will debut on BSE and NSE with an issue price of Rs 48 per share.

The company came out with an initial public offer on 9 May 2007. The issue closed for subscription on 15 May 2007.

The IPO had a total size of 82.20 lakh shares of Rs.10 each for cash at a premium of Rs.38 aggregating Rs.3945.60 Lacs.

The face value of the equity share is Rs.10 and the issue price is 4.8 times of the face value. The company had not opted for IPO grading.

Glory Polyfilms is engaged in diversified packaging and printing business and mainly caters to FMCG industry.

The company plans to deploy the IPO proceeds to part finance the expansion of multlayer film, printing capacity and lamination film. Money will also be used for meeting the working capital margin requirements.

ICICI Bank provides retail bidders option to pay Rs 250 per share on application

ICICI Bank is making efforts to lure retail investors to its forthcoming domestic follow-on public issue. The private sector bank has offered retail investors an option to pay Rs 250 per share on application. Retail investors can pay Rs 250 per share on allotment and the balance amount payable on a call that is to be made by the bank within a period of 6 months from the date of allotment. These partly paid shares will be listed and traded separately after payment of the amount due on allotment.

Retail bidders are defined as individual bidders whose bid amount does not exceed Rs 1,00,000.

ICICI Bank said on Thursday, 14 June 2007, it would launch a share sale next week to fund robust demand for loans in the rapidly expanding economy. It will offer shares worth Rs 8750 crore ($2.1 billion) each in India and in the United States, with a greenshoe option for 15%, taking the total offering to Rs 20125 crore

The private sector bank will fix an indicated price band for the domestic follow-on offer on Monday, 18 June 2007. The issue will open for subscription on 19 June 2007 and close on 22 June 2007.