IPO Basis of Allotment - Eros International

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Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

IPO Basis of Allotment - Microsec Financial services

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Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Subscription figures for SEA TV Network Ltd IPO @ 6.00 PM as on 29th September 2010-Final

SEA TV Network Limited IPO (@100)

Category over Subscription
QIB 1.84
HNI 45.49
RET 8.28
Total 10.64

No. of application – 20775 (approximately)

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Secure Bank Bonds -

Markets Today - 29/09/2010 - Disclaimer Post Applies

Nifty future is trading at a premium to September future. On account of call writing and concentration at 6,000 along with put shedding witnessed on Wednesday’s trading session we expect 6,000 to act as a resistance for September expiry whereas the downside is limited to 5,900 on put concentration than call. Thus we expect Nifty to expiry between 6,000 and 5,900.

Option Analysis:

·         Call writing: In September series, major call concentration is witnessed at 6,000 CE of 76 lakh shares along with fresh writing of 24.2 lakh shares. In October series, maximum concentration is seen at 6,000 CE where the total outstanding open interest is 32.5 lakh shares.

·         Put Writing: On the other hand, in September series, put concentration is witnessed at 5,400 PE and 6,000 PE of 90 lakh and 68 lakh shares and major writing at 6,100 PE and 6,000 PE. In October series, maximum concentration is seen at 5,800 PE where the total outstanding open interest is 33 lakh shares.

Implications: In September series, fresh call writing and maximum concentration as well as put shedding at 6,000 CE indicates that it would act at resistance for September series. Whereas the downside is limited to 5,900 on account of put concentration. Thus the range for expiry tomorrow would be 6,000 and 5,900.

FIIs and DIIs activity in capital market segment

·         FIIs were net buyers of Rs 756 crore with Gross buyers of Rs 3,674 crore and Gross Sellers of Rs 2,918 crore.

·         DIIs were net sellers of Rs 835 crore with Gross buyers of Rs 1,057 crore and Gross sellers of Rs 1,893 crore.

India VIX

·         Volatility for 29^th September, 2010 close at 22.16 which is 4.5% higher as compared to previous close, after touching an intraday high of 22.57 and low of 18.8.

Implications: Indian VIX surged in today’s trading session. We expect it to move upwards and we are Bullish on the same.

Mahindra Stayam Results Out!!!

Mahindra Satyam has announced FY09 and FY10 results. The company's revenue was Rs 8812.6 crore (Rs 88126 million) and Rs 5481 crore (Rs 54810 million) in FY09 and FY10 respectively.

Its loss after tax was Rs 8176.8 crore (Rs 81768 million) and Rs 124.6 crore (Rs 1246 million) in FY09 and FY10 respectively.

Due to the restatement efforts and the extent of the fraud, there are certain exceptional items in the financial statements.

Exceptional items were Rs 79920 million and Rs 4169 million in FY09 and FY10 respectively.

Loss after tax adjusted for exceptional items was Rs 1848 million for FY09 and Profit after Tax was Rs 2923 million in FY10.

Cash and bank balances were Rs 21768 million as on 31st March 2010.

The loan balance as of 31st March 2010 was Rs 422 crore.

Source: moneycontrol.com
 
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DENIP Consultants Pvt. Ltd.

FINAL SUBSCRIPTION FIGURE FOR Tecpro Systems Limited IPO

Tecpro Systems Limited IPO

Category over Subscription
QIB 27.99
HNI 62.48
RET 9.07
EMP 0.35
Total 24.47

No of Appl: 110000

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Commercial Engineers & Body Builders Co Limited IPO Details

Commercial Engineers & Body Builders Co Limited IPO.

BRLM: ICICI Securities Limited/ Edelweiss Capital Limited

Syndicate: Edelweiss Securities Limited/ Tata Securities Limited

Issue Period: September 30– October 05, 2010

Price Band: Rs.125/- to Rs.127/- per Equity Share

Lot Size: 55 Equity Shares

Registrar: Karvy Computershare Pvt Ltd.

Issue size: Around Rs.172 cr. (Fresh Issue Rs.153cr. and Offer for Sale of 1,528,587 Equity Shares of Face value Rs.10 each)

QIB Book: (60% of Net issue size)
Retail Book: (30% of Net issue size)
HNI Book: (10% of Net issue size)

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

FINAL SUBSCRIPTION FIGURE FOR Ashoka Buildcon Limited IPO

Ashoka Buildcon Limited IPO

Category Over Subscription
QIB 27.84
HNI 15.17
RET 3.78
EMP 1.32
Total 17.39

No of Application: 48,500

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

J P Associates Ltd - Starting Fresh deposits

J P Associates has started accepting fresh deposits with new rate of interest under their non cumulative and cumulative deposit schemes,Interest rates stands reduced with immediate effect on renewals also. Brokerage remains the same.

Cheques/DD payable at par in Delhi should be accepted as of now, Will let you know whether they will accept local cheques or MICR Cheques.

Company is accepting deposits with new form only & under revised reduced rate. Kindly find attached below revised rate of interest applicable wef 22nd Sep 2010.

Points to be taken care of while submitting Jaiprakash Associates Limited Fixed Deposit Applications
1. Application Forms should be completely filled & should use Blue Ink while filling the application form.
2. Duly Self Attested Pan Card copy must be enclosed with the Application Form.
3. Tax Column should be filled up properly i.e. either Tax to be deducted or Form 15 G/H to be enclosed.
4. Form 15G/H, if required, should be duly filled, signed & mentioning PAN therein, enclosed in duplicate with the Application Form.
5. Cheque/ DD No along with Bank Name and Cheque Amount should be mentioned correctly & clearly in FD Application Form
6. Bank details should be clearly mentioned for availing NECS payment and also furnish a cancelled cheque.
7. The minimum deposit amount is Rs. 20000/- and should be accepted/deposited only in multiples of Rs. 1000 thereafter.
8. Accept deposit only from Resident Individual, HUF & Trust, but the Trust should not be Religious, Educational or Charitable. Related documents must be enclosed.
9. No Additional Interest Benefit for Senior Citizens/Shareholders
10. FD Application Forms can be accepted for Quarterly (A) and Cumulative (B) schemes only.

For further details you can contact us on the following nos.
022 40156688 / 40156690 / 40156692 / 40156699

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Va Tech Wabugh Ltd/Cantabil Retail/Techpro Systems - Collection Figures

VA Tech & Cantabail Issue closed on 28th Sept 2010.

IPO of Tecpro Systems Ltd - Retail & HNI category issue closed on 28th Sept 2010.

IPO of Ashoka Buildcon Ltd Issue closed on 28th Sept 2010. (For All categories)

IPO of Sea TV Network Ltd Issue closes today. (For All categories)

Thanks,
Gaurav agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Rollover Analysis - September Series 2010 - Disclaimer Post Applies

Market Snapshot for September Series – Gained ~551 points in September series  

September series traded positive after broking its narrow range and crucial level of 5,550 and hit a 32-month high. In current month series, Nifty has gained 551 point or 10% to 6029.5. FII were net buyers in 20 trading sessions out of 22 trading sessions. This is consecutive fourth series for the market to close in a positive zone.

We expect the upside to be capped at 6,100 and the downside to be limited to 6,000 and below that 5,900 for September expiry in worst case scenario.

Rollover– Positive Rollover cost of ~37bps in October series

Nifty has rolled 47.5% positions into next series, which higher as compared to D-2 of last expiry (42%). Nifty holds an OI of 810,247 contracts (` 245 bn), which is 7% (OI of ` 229 bn) more than D-2 of August expiry. Around 82,236 contracts got rolled whereas the total OI added by 13,481 contracts.

Market wide futures OI is currently ` 818 bn, which is 1.7% higher than the (OI of ` 805) D-2 of August expiry. Market wide rolls is 50% which is higher as compared to D-2 of last expiry (47%).

Sector-wise Rollovers (See: Exhibit 1&2)

Highest long Roll: Bullish Signal 

SUGAR (64.6%), TELECOM (55.6%), POWER (55.3%),

Highest Short Roll: Bearish Signal 

INFRASTRUCTURE (45.3%)

Lowest Rollover

PHARMA (42.9%), BANKING (44.5%) , MEDIA (44.7%)

Stocks Rollovers (Exhibit 4-6)

Highest long Roll: Bullish Signal

CROMGREAV(31.7%), BHUSANSTL (31.3%), POLARIS (30.7%)

Highest Short Roll: Bearish Signal

RENUKA (75.6%), SUZLON (64.2%), RELCAPITAL (60.2%)

Lowest Rollover

ADANIENT (11.9%), JISLJALEQS (17.3%), BEL (17.7%)

Mercator Lines - MLL - Breakout Seen at CMP of 57.9 - Tgt 60 / 65 Soon - SL at 55 - Disclaimer Post Applies

MLL seems to have broken out of a Cup and handle pattern. If its price rises tomorrow, we could see it scale 60 / 65 in the near term.

Stock Ideas - 28/09/2010 - Disclaimer Post Applies

·         Glenmark Pharma – Possible Cup and Handle breakout

o   Buy above 311 for a target of 330 / 350 in the short term.

o   SL at 300

o   12% return

·         Jindal Steel – Strong Convergence seen

o   Buy at 709 for a target of 750 in the short term

o   SL at 700

o   6% return

·         Shipping Corporation – Strong Convergence seen

o   Buy at 165 for a target of 170 / 175 in the short term

o   SL at 161

o   6% return

·         Welspun Gujarat – Breakout Seen

o   Buy at 270 for a target of 280 / 290 / 300 in the short term

o   SL at 265

o   11% return

Revised KYC norms for MF customers effective October 1, 2010.

KYC norms for investments in mutual fund are undergoing change with effect from October 01, 2010.
1. KYC will be compulsory for all Non individuals (Corporate, Partnership Firms, Trusts, HUF) NRIs and Channel investors with effective date 01st October 2010.

2. Individual investors (except NRI) are not covered under this and will continue to get exemption for investment below Rs.50,000/- .

3. There is no change in all other rules regarding obtaining KYC.

4. This rule will not be applicable for SIP and STP registrations done prior to 01/10/2010.

5. Applicability of KYC will be as mentioned below:

 
 
 
 
 
 
 
 
 
 
Thanks,
Nimesh.

PRICE BAND FOR SEA TV AND BEDMUTHA INDUSTRIES. - IPO

Thanks,
Nimesh.

Markets Today - 28/09/2010 - Disclaimer Post Applies

Nifty future is trading at a premium to September future. The upside is capped at 6,100 and on the downside 6,000 to act as a support on account of more put concentration than call and 5,900 in worst case scenario..

Option Analysis:

·         Call writing: In September series, major call concentration is witnessed at 6,100 CE of 74 lakh shares and along with fresh writing of 3.55 lakh shares. In October series, maximum writing and concentration is seen at 6,000 PE where the total outstanding open interest is 30.8 lakh shares.

·         Put Writing: On the other hand, in September series, call concentration is witnessed at 5,400 PE and 6,000 PE of 97.65 lakh and 82.9 lakh shares and fresh addition seen at 6,100 PE of 12.85 lakh shares. In October series, maximum concentration is seen at 5,800 PE where the total outstanding open interest is 30 lakh shares.

Implications: In September series, shedding is seen across strike prices in calls with major concentration at 6,100 CE whereas  put concentration is being witnessed at 6,000 PE. Thus we expect Nifty to expire between 6,100 and 6,000 on account of concentration and below that 5,900 in worst case scenario.

FIIs and DIIs activity in capital market segment

·         FIIs were net buyers of Rs 573 crore with Gross buyers of Rs 3,339 crore and Gross Sellers of Rs 2,766 crore.

·         DIIs were net sellers of Rs 905 crore with Gross buyers of Rs 1,087 crore and Gross sellers of Rs 1,993 crore.

India VIX

·         Volatility for 28^th September, 2010 close at 21.2 which is 5% lower as compared to previous close, after touching an intraday high of 22.42 and low of 20.85.

Implications: Indian VIX plunged in today’s trading session. We expect it to move upwards and we are Bullish on the same.

Issue of Bedmutha Industries Ltd

Opens / Closes Bidders Date
Offer Opens on For All Bidders September 28th, 2010
Offer Closes on For All Bidders October 1st, 2010

Price Band: - Rs.95/- to Rs.102/- per equity share of Rs.10/- each

Bid Lot:- 65 Shares and in multiples thereof

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dividend in Kotak Balance Fund

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Expected IPOs in October

Expected IPOs in the 2nd/3rd week of October 2010.

JM Managed Issue

1. BS Transcomm Ltd - Tentative date 6th Oct 2010 size approx Rs. 200 Crs
2. Claris Lifesciences Ltd - Tentative date 1st week of Oct  2010 size approx Rs. 300 Crs

Non-Managed JM Issue

1. Oberoi Realty Ltd -  Tentative date 1st/2nd  week of Oct  2010 size approx Rs. 1000 Crs

2. Commercial Engineers & Body Builders -  Tentative date 1st/2nd  week of Oct  2010 size approx Rs. 250 Crs

3. Avantha Power Infrastructure Ltd -  Tentative date 1st/2nd  week of Oct  2010 size approx Rs. 1000 Crs

IDFC LONG TERM INFRASTRUCTURE BONDS - Summary

SUMMARY TERMS AND CONDITIONS
Issuer	IDFC Company Limited(“the Issuer”)
Issue Type	Public Issue
Offering	Secured, Redeemable, Non-Convertible Bonds of Rs.5,000/- each with an option to retain the full subscription till Rs. 3,400 Crs.
Issue Open Date	30 September, 2010
Issue Close Date	18 October, 2010
Status	Secured, Redeemable, Non-Convertible Bonds having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds
Rating	AAA (ICRA)
Eligible Investors	Retail Individual and HUF
Issue Size	Upto Rs. 3,400 Crs.
Issue Price	Rs. 5,000/-  per Bond
Face Value	Rs. 5,000/- each
Minimum Size	1 Bond of Rs. 5,000/-, further in multiples of 1
Tenure of Issue	10 years
Who Can Apply	Resident Individuals and HUF
Listing	The Bonds are proposed to be listed
Issuance	Demat form only

Options:	I	II	III	IV
	Buyback / Non Cumulative Option	Buyback / Cumulative Option	Non Buyback / Non Cumulative Option	Non Buyback / Cumulative Option
Minimum Application / Face Value	5,000.00	5,000.00	5,000.00	5,000.00
In Multiples of	5,000.00	5,000.00	5,000.00	5,000.00
Interest Payment	Yearly	NA	Yearly	NA
Coupon	7.5% per annum	7.5% to be compounded annually	8%	8% to be compounded annually
Buy Back Option	After 5 Years (In window of 3 Months)	After 5 Years (In window of 3 Months)	N.A.	N.A.
Exit	After 5 Years (Company Buy-back / Exit in Secondary Market)	After 5 Years (Company Buy-back / Exit in Secondary Market)	Exit in Secondary Market	Exit in Secondary Market

IDFC LONG TERM INFRASTRUCTURE BONDS

Issue Size	Rs 3,400 crores in one or more tranches. There is no minimum issue size
Rating	“LAAA” (ICRA) indicates stable outlook and is the highest credit quality rating assigned by ICRA
Security	Fully secured with first pari passu floating charge over secured assets and first fixed pari pasu charge over specified immovable properties of the Company
Bond Face value & issue price	Rs 5,000 per bond
Subscription amount Minimum Maximum	Rs 10,000 or 2 bonds. The bonds can be of the same series or two bonds across different series No Limit
Tax Benefit	Under Section 80CCF of the Income Tax Act the amount, not exceeding Rs. 20,000 per annum, paid or deposited as subscription to long-term infrastructure bonds during the previous year relevant to the assessment year beginning April 01, 2011 shall be deducted in computing the taxable income. This is over and above the  Rs 1,00,000 tax benefit available under section 80C, 80CCC & 80CCD  read with section 80CCE
Who can apply	Resident individual or HUF
Investor should provide	PAN Number and Demat Account No
Maturity / redemption	10 years from the deemed date of allotment
Lock In period	5 years from the deemed date of allotment
Buyback	5 years + 1 day from the deemed date of allotment
Listing	NSE & BSE
Loan against Bonds	Bonds cannot be pledged or hypothecated for obtaining loans during the lock in period
Issue opens	September 30, 2010
Issue Closes	October 18, 2010
Application forms availability	Application Forms will be available in IDFC office in Mumbai, Chennai, New Delhi, Bengaluru. Application forms will also be available with Lead Managers & Lead Brokers.
Lead managers	Kotak , Citibank, Enam, IDFC Capital
Brokers	Kotak Securities, Enam Securities, Sharekhan, JM Financial services, ICICI Securities, RR Equity, SMV=c Global, Bajaj Capital, Almondz Securities, HDFC Securities, Karvy, NJ Invest India
Registrars	Karvy
Debenture Trustee	IDBI Trusteeship
Bankers	HDFC, ICICI, Kotak Mahindra, IDBI, Citibank, Axis, IndusInd, Dhanlaxmi

SPECIFIC TERMS FOR EACH SERIES OF BONDS UNDER THE FIRST TRANCHE

Series	1	2	3	4
Face Value	Rs 5000  per bond
Minimum number of Bonds per application*	Two Bonds and in multiples of one Bond thereafter. For the purpose of fulfilling the requirement of minimum subscription of two Bonds, an Applicant may choose to apply for two Bonds of the same series or two Bonds across different series.
Terms of Payment	Full amount with the Application Form
Interest payment	Annual	Cumulative	Annual	Cumulative
Interest  Rate	8.00% p.a.	N.A.	7.50% p.a.	N.A.
Maturity Amount per Bond	Rs. 5,000	Rs. 10,800	Rs. 5,000	Rs. 10,310
Maturity	10 years from the Deemed Date of Allotment
Yield on  Maturity	8.0%	8.0% compounded annually	7.50%	7.50% compounded annually
Buyback Facility	N.A.	N.A.	Yes	Yes
Yield on Buyback	N.A.	N.A.	7.50%	7.50% compounded annually
Buyback Amount	N.A.	N.A.	Rs. 5,000 per Bond	Rs. 7,180 per Bond
Buyback Date	N.A.	N.A.	Date falling five years and one day from the Deemed Date of Allotment	Date falling five years and one day from the Deemed Date of Allotment
Buyback Intimation Period	N.A.	N.A.	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date	The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date

  

Yield to Investors – based on tax Bracket