Академический Документы
Профессиональный Документы
Культура Документы
com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
(Assistant Prof in SBBIT), 2 (Assistant Prof. in Roorkee Engineering and Management Technology Institute)
country
is
one
of
the G-20
major
Page 14
www.ijraset.com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
Amount
(Rs)
500
LIC
500
650
SBI
500
RIL
200
Reliance
Capital
200
Aberdeen
100
Reliance
MF
200
150
DE Shaw
250
Prudential
150
Blackstone
50
Blackrock
30
Nomura
50
Foreign Investors
Deutsche
Management
Asset
HSBC
Page 18
SOME
FACTS
ABOUT
THE DLF
IPO
Before
you apply
for
the
DLF IPO,
here are a
few facts
that you
shouldkno
w:
1. This is
the
biggest
IPO ever
to hit the
Indian
markets.
Total IPO
size
is
www.ijraset.com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
Page 19
24.07.07
NAME
OF
IPO
LP
CP
CHANGE
%CHANGE
DLF
525
659.2
134.2
25.56
www.ijraset.com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
DLF
700
600
500
400
300
200
DLF
100
0
1
LP,SHP,CHANGE,%CHANGE
Purpose of the issue- The proceeds from the IPO will be used
to meet the expenses of establishing new retail stores and to
meet the expenses of the issue.
The DLF IPO has not given much better returns after being
listed. This is because the time when the IPO is brought in
the market, that time the infrastructure industry was not at
boom. Moreover it was decided to bring the IPOs in the
market an year before but due to some reasons it was
brought in the market few months back. Above all DLF has
gained popularity in the market an year or two year before
only.
One more negative point is that its price band of Rs 500550; it is a very expensive issue. The company should come
out with the price of Rs 200-300 , which is its actual price
after looking at its EPS of Rs 11.31 (Unitech at Rs 11.55)
VISHALIPO
The company currently operates 50 retail stores including
two stores operated by franchisees located in 18 states
across the country and are spread over an area of 12.82lakh sq
feet. It sells garments, apparels and FMCG products. It focuses
on tier II and tier III cities and follows the value retail strategy.
The company has also set up seven regional distribution
centres and an apparel manufacturing plant.
The company proposes to invest the proceeds of the issue to
establish new retail stores. Of the total 32 stores to be set up
this year, the IPO will fund for the establishment of 22 stores.
The company will deploy Rs 104.15 crore of the net issue
proceeds for setting up the stores in the current year. The
setting up of the remaining stores will be funded through
internal accruals. The company will lease the real estate space
for the stores and not buy the property. The company reported
total income at Rs 771.15 crore for the year ended March 2007
and net profit at Rs 24.98 crore.
IPO DETAILS
Issue Period June 11, 2007 to June 13, 2007
Page 20
Public issue
of Vishal Retail
has
received
tremendous
response from investors, especially HNIs and retail investors.
Overall, the issue oversubscribed 81 times. Reserved portion
of 4.48 lakh shares of high networth individuals, HNIs
subscribed 370 times while retail's portion subscribed 59.7
times, which is huge in recent times.A 26.89 shares reserved
for qualified institutional investors, which received
subscription of 54 times
Vishal Retail on day one though below analysts expectations
but on the back of huge appetite from HNIs and Retail
Investors, it touched a high of Rs 784.40 because at the time of
subscription period, HNIs and retail had given heavy response
to the issue .
It has listed with 75% premium at Rs 472.5 on the NSE
against its issue price of Rs 270 and touched a high of Rs
784.40 on the back of huge buying interest from High Net
worth and Retail investors and also strong opening of markets.
www.ijraset.com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
Spice Telecom, the brand name of Spice
Communications Limited is presently operating Cellular
Phone Services in the states of Punjab and Karnataka.
Spice Telecom is amongst first cellular operators in
Punjab and Karnataka, having business interests in the
fields of Information, Communication and Entertainment
(ICE).
24.07.07
NAME
OF IPO
VISHAL
RETAIL
LP
270
CP
CHANGE
698.1
428.1
%CHANGE
158.55
VISHAL RETAIL
700
600
500
400
300
200
100
0
VISHAL RETAIL
LP,SHP,CHANGE,%CHANGE
Vishal IPO has given very good results as expected from them.
This is because it is popular from last four-five years. Also
Vishal is included in the Indian retail market which is at the
boom now.
IPO DETAILS
Issue size is 520 crore
Page 21
www.ijraset.com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
COMPARATIVE ANALYSIS
24.07.07
NAME
OF IPO
LP
CP
CHANGE
%CHANGE
DLF
525
659.2
134.2
25.56
VISHAL
RETAIL
270
698.1
428.1
158.55
SPICE
55.2
58.55
3.3
5.97
24.07.07
SPICE
NAME
OF
IPO
LP
CP
CHANGE
%CHANGE
SPICE
55.25
58.55
3.3
5.97
60
50
40
30
SPICE
20
10
0
1
LP,SHP,CHANGE,%CHANGE
Page 22
www.ijraset.com
I N T E R N A T I O N A L J O U R N A L F O R R E S E A R C H I N A P P L I E D S C I E N C E AN D
E N G I N E E R I N G T E C H N O L O G Y (I J R A S E T )
700
600
500
400
DLF
300
BIBLIOGRAPHY
VISHAL RETAIL
200
SPICE
NEWSPAPERS
100
0
1
1. Times of India
LP,SHP,CHANGE,%CHANGE
1. WWW.Reliancemoney.COM
2. WWW.Moneycontrol.COM
4.WWW.Google.COM
5. indiacorplaw.blogspot.com
Vishal Retail is a much more exciting play for the pop offer.
It is not as sexy as DLF but we have seen in the past that the
biggest issues might take up a lot of headline space but they
dont often generate the biggest returns on listing and it is a
fair bet to say that Vishal delivered better on listing gains
than DLF.
6. economictimes.indiatimes.com
7. www.termpaperwarehouse.com
JOURNALS
1.Business World
Vishal dont have big glass buildings in downtown city but
they are very strong in some of the up country places.
They are value retailers, they are not one of the big brand
retailers. They have their own brands which they sell pretty
successfully and in doing that they have better margin
profile than many of the other listed players.
As far as Spice is concerned it has shown very low results as
compared to DLF and Vishal.
2.Business Today
BOOKS
1.Pandian
2.Avdhani
CONCLUSION
1.After analysing it can be concluded that IPOs investment are
grooming day by day.IPO is a successful source of raising
the funds now a days. The issue of IPO requires proper
planning.
2.A company is required to ful fill various regulatory
compliances and the reporting requirements of the stock
exchange.
3.A company has to follow proper steps for issuing an IPO
which are set
by SEBI.
Page 23