Reliance Power completed the country’s biggest public issue, another company from the group Reliance Telecom Infrastructure (RTIL) is gearing up to raise nearly Rs 5,000-6,000 crore through an initial public offering.
RTIL had 14,000 towers across the country when the first stake sale happened in July. Now, it will end up this financial year with 40,000 towers. Also, it plans to add another 20,000 towers next year.
RTIL is putting in an investment of Rs 16,000 crore this year and is expected to pump in Rs 8,000 crore more next year. It has a minimum of four tenancy slots and it is in the process of upgrading this to host seven tenants by 2009. It expects to reach the one lakh tenancy figure this week.
RTIL, a 95% subsidiary of Reliance Communications (RCOM), sold the stake for Rs 1,400 crore to a host of investors including George Soros, HSBC, Fortress Capital, New Silk, Galleon, DA Capital and GLG Capital in a deal which had put its valuation at Rs 27,000 crore.
Going by the IPO size, the equity valuation of RTIL, a company engaged in the business of building, owning and operating communications towers, will be around Rs 50,000-60,000 crore. This will translate into nearly Rs 250-300 per RCOM share. The RCOM stock closed at Rs 612.15 on Friday on the BSE. When contacted, a spokesperson for the group declined to comment.
Sunday, February 3, 2008
Rel Tower plans IPO to 5,000-6,000 crore
Saturday, February 2, 2008
BSE launches SENSEXmini DERIVATIVES Contracts
Overview
For the first time in India, Bombay Stock Exchange offers mini Futures and Options contracts on the leading Indian equity Index 'SENSEX ' for retail investors to participate in the ever growing Derivatives market. The SENSEX is the barometer of the Indian Capital Markets and widely tracked in the global financial markets.
Benefits
1. Since mini futures and options have market lot of FIVE, lower capital outlay and lower trading costs
2. Smaller size allows for more precise hedging and flexible trading.
3. Possible arbitrage between existing SENSEX Futures (bigger market lot) & SENSEX mini Futures (market lot 5).
4. SENSEX constitutes 30 leading companies of diverse industries covering 12 broad sectors of the Indian economy. Provides macro view of economy to retail as well as institutional investors.
Security Symbol: MSX Market Lot: 5 Contract Period: 1, 2 & 3 months
Trading Hours: 9:55 a.m. to 3:30 p.m.
World Market Indices
| U.S. INDICES | |
Dow Jones | Nasdaq |
Newyork Stock Exchange | S&P 500 |
| EUROPE | |
FTSE 100 | DAX |
CAC 40 | |
| ASIA | |
Nikkei 225 | Hang Seng |
Taiwan Weighted | Australia All Ordinaries |
Wednesday, January 30, 2008
NTPC invest to new power plant $1.1 billion
State-run power producer NTPC Ltd on Wednesday said it would invest about Rs 4,375 crore ($1.1 billion) in setting up a power plant in north-east India.
Reliance Power IPO Allotment Status
Reliance Power IPO allotment status is due today or tomorrow. click on below link.
Investors who have applied for the maximum 1 lakh amount should definitely get the minimum allotment of 15 shares.
Reliance Power IPO Allotment status
Tuesday, January 29, 2008
Future Capital IPO Allotment status
Future Capital IPO Allotment status available anytime so click on this link or otherwise you add Application Number in comments.
Future Capital IPO Allotment Status
http://www.intimespectrum.com/site/ipo.asp
BUY Elecon Engineering target Rs 370
Elecon is a leading manufacturer of bulk material handling equipment and power transmission solutions. Huge infrastructure investment of $494 billion under the 11th Plan provides healthy earnings visibility for the company over 2007-2012, as its business model is directly linked to infrastructure spends.
Elecon’s order book is already registering strong traction, with 200 per cent growth in the past eight months to Rs 1,130 crore (1.5x trailing year sales of Rs 770 crore). This is expected to translate to 36 per cent sales CAGR for FY07-FY10.
Elecon is currently the market leader in industrial gears with 26 per cent share and an unexecuted order book of Rs 220 crore as on Nov 30, 2007.
The company has planned an investment of Rs 8-10 crore in this segment, and the brokerage expects revenues of Rs 80 crore from the same in 2008-09.
Holdings Promoters : 42.20% FII : 5.59% General Public : 23.60%
BSE Code : 505700 NSE Code : ELECONEQ Industry : Engineering - Heavy
