Indoco prices IPO at Rs 220-245

TATrader · #1 15th December 2004, 07:54 AM

Indoco prices IPO at Rs 220-245

Quote:

Indoco Remedies has fixed the price band for its maiden public issue at Rs 220-245. The company is making an initial public offer of 30,00,000 equity shares of Rs 10 each.

The issue is being made through the 100% book building process. The issue will remain open from December 17-23, ’04.

The promoters and the promoting group currently hold 79.8% of the paid-up equity capital of Rs 8.8 crore, which will fall to 59.5% after the issue.

Enam Financial Consultants is the book running lead manager; IL&FS Investmart is the co-book running lead manager. Intime Spectrum Registry is the registrar to the issue.

The proceeds will be utilised to partly fund the company’s expansion programme, to set up a formulation plant at Baddi, Himachal Pradesh, an API manufacturing plant, R&D centre, and repayment of loans for brand acquisition and purchase of office.

For the financial year ended June ’04, the company reported net sales of Rs 156.6 crore and a net profit of Rs 21.2 crore. Indoco is ranked No 34 as per ACNielsen ORG-Marg Retail Audit at the all-India level and ranks No 23 in terms of prescription generation by ACNielsen ORG-Marg Prescription Audit of June ’04.

basiljames · #2 15th December 2004, 12:56 PM

What are the prospects of this IPO?

I'm planning for a buy and selling on listing.

mkuk_26 · #3 21st December 2004, 01:39 PM

What are the prospects of this IPO? I'm planning for a buy and selling on listing.

Anyone feels that it is a long term bet? how about the medium term?

laxmikant_76 · #4 8th January 2005, 11:42 AM

Hi
Any idea about allotment...

mnayak · #5 9th January 2005, 10:00 AM

follow the link and check for urself !

http://www.intimespectrum.com/IPO/jsp/IPOdetails.jsp

regards,
manas

isb_santosh · #6 10th January 2005, 11:33 PM

Damn! I got none alloted!! ... invested 49K ... What a waste of time and value of money!

amh · #7 11th January 2005, 06:07 PM

I had applied for four applications of my family members of 49K each and was allotted nil shares in all four. Dont you think something is fishy in these allottements or is it a coincidence. I would like to know from our members for those who are alotted any shares in this Indoco Remidies or Bhartishipyard IPO as the same thing happen in Bharati Shipyard Issue also.

Neal · #8 11th January 2005, 07:21 PM

Generally for small issues allotment is totally controlled by the merchant bankers who play favouritism.

mnayak · #9 11th January 2005, 09:48 PM

Hello Guys,

I am not sure if any one can play foul in the allocation of shares in an IPO. After all we have regulator in place !!

BTW, I have been allocated 25 share on one of the two applications. I believe, its not worth applying for IPO..since the allotments most of the times come in these lil nos only. Basically, blocking hard cash, 98 K in my case this time and the net result is 25 shares.

Manas

amh · #10 12th January 2005, 04:39 PM

You are right that in small issues the allottment is very less and not worth investing big amount but in big issues like Tcs and Ntpc we got allotments as well as price.People earned money.
About the regulator part,have you been to police station for some important work.Well people generally have bad experiences if not always.

Similar Threads for: Indoco prices IPO at Rs 220-245
Thread	Thread Starter	Forum	Replies	Last Post
List of new IPO	TATrader	Initial Public Offers (IPO's)	0	13th March 2005 08:15 PM
Jet IPO subscribed 18.7 times	TATrader	Initial Public Offers (IPO's)	4	7th March 2005 05:20 PM
Indoco Remedies IPO	TATrader	Initial Public Offers (IPO's)	0	26th November 2004 03:59 PM
Fundamental valuation of TCS IPO	Neal	Initial Public Offers (IPO's)	1	19th July 2004 07:19 PM