Saturday, January 1, 2011

Cos raise $ 16 bn via IPOs/FPOs in 2010

It was the best year for Indian primary market; 65 Indian companies raised more than Rs 71,000 crore (nearly USD 16 billion at Rs 44.7 a dollar) through public offers.

Coal India, NTPC, NMDC, Power Grid and Shipping Corporation were the largest public offers in 2010, which collected more than half of total money.

Jubilant Foodworks was the biggest gainer with 330.76% jump followed by Mandhana Industries, Gravita India, Talwalkars Fitness and Thangamayil, which rallied 99-124%.

* Aqua Logistics issue price has been changed to Rs 22 from Rs 220 a share as it got adjusted for subdivision of shares from Rs 10 to Rs 1.

However, Aster Silicates, Tirupati Inks, Emmbi Polyarns, Commercial Engg and Tarapur Transformers were top losers with 60-69% loss.

The BSE IPO Index fell 4.23% in 2010 to close at 1,950.40 while the BSE Sensex rallied over 17%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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