Listing of IndiaBulls Power shares in NSE

Here goes the listing of IndiaBulls Power share in NSE today (30-Oct-09) Open price  Rs. 45.05 High           Rs. 45.05 Low           Rs. 35.35 Vol            143,094,006 shares (till 2.30pm) The shares got listed at Rs.45.05 (the issue price and that was the highest price reached so far today @ 2.30pm). It immediately fell to Rs.35...
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50th Post - DEDICATED TO YOU ALL

I just realised that I have made so far 49 postings in this blog and want to dedicate this 50th post to YOU ALL. I feel really happy and thankful to you all for the support and guidance all throughout this 9 months. Of late, I have made it a point to make regular postings to the blog. The statistics is as follows:  First Blog Posting : 25th Jan 2009 on IFRS Visitors so far : 5800+ Indiblogger ranking - 73 (higher the better). Was 49th earlier. I get lot of mails on Stock Market....
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Getting connected - Power of Internet !!!

Orkut, Facebook, Linkedin, Twitter......you can add sites to the list ! These sites help people to get connected, socially. During my school, college & start of my career, there were no internet facility or emails. We were working on DOS - not Denial of Service, Disk Operating System. No windows even. Because of that, I could not be in touch with most of my friends (School, College, past employements) Why we need to get connected? You will realise the power of networking and joy of getting...
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Do you know about ASBA?

You might of seen IPO advertisements saying that ASBA facility available for the IPO. What is this ASBA? ASBA stands for - Applications Supported by Blocked Amount. It is a process by which your money is in your account only and being blocked  (by your authorisation) to the extent you applied for the IPO. You cannot use the blocked amount, till the allotment is over. Once the allotment is over, the bank will release the amount pertaining to your investment and release the hold on the balance...
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IndiaBulls Power - IPO - Poll results

Thanks for your participation. In all, 14 people responded to the poll and here are the results: Less than Rs. 41 - 42% Rs. 42 to Rs. 44  - 28% Rs. 45 to Rs. 47  -   7% Rs. 48 to Rs. 50  - 14% Rs.50 & above    -   7% I saw today that the IPO price is fixed at Rs.45 (The highest band price)!. This shows the confidence of the company that the shares may get listed at a good price. The issue was subscribed nearly 22 times,...
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Weekly Digest - 25 Oct 2009

Contents Legal & Tax Taxing times ahead for foreign BPOs Economy Top execs of bailed-out cos to take 50% pay cut RBI unlikely to alter repo, reverse repo; but CRR may be hiked Management Developing Your Leadership Presence - Harvard Business Off-beats Tirupathi Laddus - caught in controversy 6 Indian cities among global BPO hotspots Taxing times ahead for foreign BPOs The Central Board of Direct Tax (CBDT), the apex direct taxes body,has withdrawn a 40-year old circular, which has the potential...
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Don't give up - POSSIBLE is within imPOSSIBLE

Yesterday (24-Oct-09), I attended the IIM Alumni monthly meeting. Everytime, the alumni association invite successful people from various spheres of life and they will share their thoughts. Yesterday, it was little different. They invited Malathi Holla, an international athlete. What so special about it? It is special. She was affected by the deadly polio at the age of one and struggled her way throughout her life. She was trained and educated in a rehabilitation center...
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Weekly Digest - 17 Oct 2009

Friends, I just collate the news that I read during the week. I could not do much reading this weekend and hence less contents, but good contents. Let me take this opportunity to wish you all a HAPPY & SAFE DIWALI Contents Economy  India may see 8% salary hike this yr, 10.9% in 2010  UID scheme: Fingerprinting or iris scan during 2011 census Learning from Crises - Lecture delivered by Mrs. Usha Thorat, DG, RBI Emerging Market Concerns: An Indian Perspective - Dr....
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IndiaBulls Power IPO - Analysis & Vote for the listing price

Indiabulls Power's IPO was subscribed 5 times, as the issue opened on 12th Oct 2009 (today). The issue details are as follows: No of Equity Shares                                    39.07 crore Value of each share                                ...
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Weekly Digest - 10 Oct 2009

Contents: Stock Market & Investment Dividend Payouts shrunk to conserve cash Over 50% firms listing in 2 yrs trading below issue price  Unit Linked Insurance Policy (ULIP) - Beware The Gold price may soar ahead of Diwali - Good Investment? Legal & Tax Clarity on the goods and service tax (GST) rate is expected Bonuses on LIC policies are taxable: Revenue Secy Get affidavit for gift over Rs 50,000 from kin Economy Indian annual inflation at 0.7 pc Sept 26: Govt Stimulus to continue:...
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Piapavav Shipyard IPO

Pipavav Shipyard came with an IPO which was open between Sep 16 and Sep 18, 2009. The price band was fixed between Rs.55 - Rs.60. Finally, the price was fixed at Rs.58 (may be knowing that it cannot sustain Rs.60 in the market). The issue was subscribed about 9 times and the company raised about Rs.500 crores by way of this IPO. Why this IPO? Pipavav plans to fund the IPO funds for their expansion plan - Constructing new facility for their shipbuilding, repairing of ships and offshore businesses. If...
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Transparency in IPO Pricing and ulitilsation of the IPO funds

With the recent public issues not giving much returns (though the market is bullish), I feel that the pricing is not proper. It has to be noted that the issues are subscribed fully and also by many number of times. It is not only the non-retailers, but also the retail investors subscribe more. All the IPOs were issued at a price band and almost all...
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Weekly Digest - 02 Oct 2009

Contents: Ernst & Young (Hong Kong) in trouble Ex-CFO of Satyam, PW auditors guilty: ICAI Good news for those who live on Savings Bank interest Gift in kind above Rs.50,000 is taxable from 1-Oct-09 IMF says after recession, world economy to grow by 3% in 2010 Indian economy to grow 5.4% in 2009 : IMF Why the Bharti-MTN deal failed ========================================= Police in Hongkong raided Ernst & Young amid fraud ========================================= The Hong Kong offices...
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