IPO
Most of the companies under-price their IPOs, thereby providing bumper returns after
listing. However, investor should not invest in IPOs without analyzing and understanding
the business and future prospect of the company as some of the IPOs didn’t
live up to the expectation and gobbled off hardened earned money of the investors.
RR Research aims at not only providing higher returns to the investors but also
safeguard their investment. At RR research we provide in-depth analysis of IPOs
with “Invest or Avoid” recommendations. A significant number of IPOs
rated “Invest” by us quoted at about twice their prices. Our “Avoid”
list has also panned out well, with a few stocks quoting at a significant discount
to the offer price.
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Current IPO
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IPO Name
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Issue size
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Opening Date
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Closing Date
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Lot Size
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Price Band
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Rating
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MCX Ltd.
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660 Crores
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22.02.2012
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24.02.2012
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6 Shares
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Rs. 860- Rs.1032
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5/5 by CRISIL
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Forthcoming IPO
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IPO Name
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Lead Manager
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Issue size
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Opening Date
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Closing Date
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Lot Size
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Price Band
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Rating
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MCX Ltd.
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Citi Group Ltd. Edelweiss
Securities Ltd. &
Morgan Stanley
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Rs.750
Crores
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By mid
November
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NA
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NA
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NA
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5/5 by CARE –
indicating
above average
fundamentals
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Recently Listed IPOs
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IPOs Name
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Listing Date (Rs.)
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Offer Price (Rs.)
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Listing Price
(Rs.)
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LTP (Rs.)
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Vaswani Industries
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24-Oct-11
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49
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33.45
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14.4
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M AND B Switchgears
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20-Oct-11
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186
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180
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255.85
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Flexituff International
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19-Oct-11
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155
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155
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222.6
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Taksheel Solutions
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19-Oct-11
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150
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157.4
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28.35
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Onelife Capital
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17-Oct-11
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110
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115
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213.6
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Tijaria Polypipe
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14-Oct-11
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60
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62
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13.65
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RDB Rasayans
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07-Oct-11
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79
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85
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12.7
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Prakash Constrowell
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04-Oct-11
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138
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145
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226.9
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PG Electroplast
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26-Sep-11
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210
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200
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216.6
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SRS
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16-Sep-11
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58
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55
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34.05
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Closed IPO
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Company Name
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Opening Date
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Closing Date
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Offer Price (Rs.)
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List Price (Rs.)
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Indo Thai Securities
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30-Sep-11
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5-Oct-11
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70 - 84
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NA
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Swajas Air Charters
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26-Sep-11
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5-Oct-11
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84 - 90
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NA
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Flexituff International
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29-Sep-11
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5-Oct-11
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145 - 155
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155
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M AND B Switchgears
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28-Sep-11
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5-Oct-11
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180 - 186
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180
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Onelife Capital
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28-Sep-11
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4-Oct-11
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100 - 110
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115
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Taksheel Solutions
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29-Sep-11
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4-Oct-11
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130 - 150
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157.4
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Tijaria Polypipe
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27-Sep-11
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29-Sep-11
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60
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62
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RDB Rasayans
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21-Sep-11
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23-Sep-11
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72 - 79
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85
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Prakash Constrowell
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19-Sep-11
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21-Sep-11
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130 - 138
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145
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PG Electroplast
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7-Sep-11
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12-Sep-11
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190 - 210
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200
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TD Power Systems
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24-Aug-11
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26-Aug-11
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256 - 261
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251.6
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CRISIL Equities has assigned a CRISIL IPO grade of "5/5" ("five on five") to
the proposed initial public offer (IPO) of Multi Commodity Exchange of India Limited
(MCX). The grade indicates that fundamentals of the IPO are strong,
relative to the other listed equity securities in India, CRISIL Equities said in
a statement here.The grade reflects MCX's leadership position in the Indian commodity
futures market over the past four years, with 82 per cent share of the overall traded
turnover in FY10. It is a leader in the trading of bullion, crude oil, copper and
natural gas which accounted for 85 per cent of its traded turnover in FY10.
Leading commodity exchange MCX on Monday said market regulator Securities and Exchange
Board of India (SEBI) has cleared its Draft Red Herring Prospectus (DRHP) for an
initial public offer (the clearance was recd on 12th Sept 2011).The clearance is
valid for 12 months. The exchange has been asked to file offer document with stock
exchange or the registar of companies (ROC), a company spokesperson said.
Listing is expected to ensure the highest level of shareholder and public scrutiny,
corporate governance and transparent trade practices, the official said.The
exchange paid dividend over 3.15 times that of equity since its inception.
MCX is the sixth-largest commodity exchange in the world with No. 1 in silver
and No. 2 ranking in gold. It would be the first exchange in India
to go public and get India at par with other countries with listed exchanges such
as the US, Hong Kong, the UK, Singapore, Japan and Australia.Edelweiss Capital,
Citigroup Global Markets India and Morgan Stanley India Company are the book running
lead managers to the offer.
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