IPO : Bajaj Corp Ltd

Bajaj Corp Ltd, Incorporated in 2006, is one of
India’s leading FMCG company with major brands  bajaj-logo
in Hair care category. Bajaj Corp Ltd is part of Shishir Bajaj  Group of companies (the “Bajaj Group”).
Through its subsidiaries, the Bajaj Group operates businesses in
the consumer goods, sugar, power generation and infrastructure
development industries throughout India.

Bajaj Corp products are Amla Shikakai, Brahmi Amla, Bajaj Almond Drops, and Jasmine Hair Oil brands, Bajaj Black Tooth Powder. Bajaj Almond Drops is the key product of the company.

Objects of the Issue:
The object of the issue are:

1.   To promote future products;
2.   For acquisitions and other strategic initiatives; and
3.   For general Corporate Purposes.

Issue Detail:

-»    Issue Open: Aug 02, 2010 - Aug 05, 2010
-»    Issue Type: 100% Book Built Issue IPO
-»    Issue Size: 4,500,000 Equity Shares of Rs. 5
-»    Issue Size: Rs. 283.50 - 297.00 Crore
-»    Face Value: Rs. 5 Per Equity Share
-»    Issue Price: Rs. 630 - Rs. 660 Per Equity Share
-»    Market Lot: 10 Shares
-»    Minimum Order Quantity: 10 Shares
-»    Listing At: BSE, NSE

Bajaj Corp Ltd IPO Grading / Rating

CRISIL has assigned an IPO Grade 4 to Bajaj Corp Ltd IPO out of 5 as CRISIL assigns IPO grading on a scale of 5 to 1,
(indicating 5 as strong to 1 as weak).

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HDFC Fixed Deposit Rates

HDFC Limited, the parent organization of HDFC Bank, has revised its deposit rates w.e.f. 22-July-2010. Following are the new deposit rates-

hdfc_fd_rate

Credit Ratings:

  • CRISIL : FAAA
  • ICRA : MAAA

HDFC FD Forms:

Procedure to apply for HDFC fixed deposit:

  1. Download form from above list
  2. Attach PAN card copy
  3. Deposit at nearest HDFC Branch or send it to our address

For any query, email at fd@moneyvriksh.com

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NFO : Kotak FMP 370 Days Series 6

 Kotak Mutual Fund is launching 370 days FMP Series 6, which will be listed on National Stock Exchange (NSE) from July 23, 2010 (Friday) and will close on July 26, 2010 (Monday). Investor can utilize ASBA (Amount Supported by Blocked Amount). NRI can also apply through their NRO account.
  

INVESTMENT OBJECTIVE

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest

rate risk.

 

SCHEME TYPE

Close ended debt scheme

 

MINIMUM INVESTMENT DURING NFO

Rs. 5,000/- and in multiples of Rs 10 for purchase and switch-ins.

 

OPTIONS

Growth and Dividend Payout.

 

LISTING

The units of the scheme will be listed on NSE on allotment.

 

BENCHMARK

CRISIL Composite Bond Fund Index

 

LIQUIDITY

Units of this scheme will be listed on National Stock Exchange. Investors may  sell their units in the stock exchange(s) on which these units are listed on all the trading days of the stock exchange. The units cannot be redeemed with KMMF until the maturity of the scheme.

 

MATURITY

370 Days after the date of allotment of units.

Download Kotak FMP 370 Days Series 6 Application Form


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IPO : SKS Microfinance Ltd

SKS Microfinance Ltd, incorporated in 2003, is the largest MFI in India in terms of total value of loans outstanding, number of borrowers, who they call members. An (NBFC-ND) company, registered with and regulated by the Reserve Bank of India, or RBI. They are engaged in providing microfinance services to individuals from poor segments of rural India.
Company’s core business is providing small loans exclusively to poor women predominantly located in rural areas in India. These loans are provided to such members essentially for use in their small businesses or other income generating activities and not for personal consumption.

Issue Detail:
Issue Open: Jul 28, 2010 - Jul 30, 2010

Issue Type: 100% Book Built Issue IPO

Issue Size: 16,791,579 Equity Shares of Rs. 10

Issue Size: Rs. [.] Crore

Face Value: Rs. 10 Per Equity Share

Issue Price: Rs. 850 - Rs. 985 Per Equity Share

Market Lot: 7

Minimum Order Quantity: 7

Listing At: BSE, NSE

SKS Microfinance Ltd IPO Grading / Rating : CARE has assigned an IPO Grade 4 in their scale of 5 to 1 to SKS Microfinance Ltd IPO.

Brokers Review:

  • Mehta Equities: Subscribe for good returns
  • Jaypee Capital : Avoid
  • Hem Securities: Subscribe
  • HDFC securities: Subscribe for listing gains
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FPO : Engineers India Ltd

engineers-india1

Engineers India Ltd , incorporated in 1965, is an engineering consultancy company providing design, engineering, procurement, construction and integrated project management services. Focusing on the oil and gas and petrochemicals industries in India and internationally..

Engineers India have providing a range of Engineering Consultancy, Project implementation services, on more than 49+ refinery projects, including Greenfield Refinery projects, Petrochemical Complexes, Oil and Gas processing projects, Fertilizer projects and Mining and Metallurgy projects, Offshore platforms projects, Pipeline projects, Ports and Storage and Terminals projects.

Issue Detail:

Issue Open: Jul 27, 2010 - Jul 30, 2010

Issue Type: 100% Book Built Issue FPO

Issue Size: 33,693,660 Equity Shares of Rs. 5

Issue Size: Rs. [.] Crore

Face Value: Rs. 5 Per Equity Share

Issue Price: Rs.270/- - Rs.290/- Per Equity Share

Market Lot: 20 Share

Minimum Order Quantity: 20 Share

Listing At: BSE, NSE


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Rupee has a Symbol

rupee_1507_30

As per PTI news , Cabinet has selected the SYMBOL of Indian Rupee.

The Rupee will join the elite club of US Dollar, British - Pound-Sterling, Euro and Japanese Yen.

Government says to adopt the symbol within Six months in the country and globally within 18-24 months.

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Latest Dividends - Birla Sun Life MF

BIRLA Mutual Fund has declared following dividends in the month of July 2010

Birla Sun Life Midcap Fund (Plan A)
(An Open ended Growth Scheme)
Rs. 1.50/- per unit Dividend declared
on July 16, 2010 (Record Date)
Birla Sun Life Freedom Fund
(An Open ended Balanced Scheme)
Rs. 1.50/- per unit Dividend declared on
July 16, 2010 (Record Date)
Birla Sun Life Basic Industries Fund
(An Open ended Growth Scheme)
Rs. 2.50/- per unit Dividend declared on
July 16, 2010 (Record Date)
Birla Sun Life India GenNext Fund
(An Open ended Growth Scheme)
Re. 1.00/- per unit Dividend declared on
July 16, 2010 (Record Date)

Download Birla Mutual Fund Application Form

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IPO : Midfield Industries Limited

Midfield Industries Ltd. , a complete line of application equipment & Industrial Packaging Solutions company is coming out with with public offer of 45 lac shares on July 19, 2010. The issue will close on July 21, 2010.

The company provides packaging consumables like strapping seals, Manual operated & Pneumatic Strapping tools, Strapping Dispensers , Angle Boards & Protectors, PET Strap, Pneumatic Nailers, Collated Nail Coils being used for general and the end of line packaging of goods by various Industries.. It also provides comprehensive end to endpackaging solutions.

IPO Summary:

Issue Open: July 19, 2010 - July 21, 2010
Issue Size (Rs Crore): Rs. 56.70 - 59.85 Crore
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 126/-  133/- Per Equity Share
Market Lot: - 50
Minimum Order Quantity: - 50
Issue Type: 100% Book Built Issue IPO
Listing At: BSE, NSE

For more details of IPO,allotment status and company details visit www.moneyvriksh.com/ipo

Discuss and ask questions about IPO on Our Discussion Forum

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NFO : Axis Triple Advantage Fund (An open ended hybrid Fund)

Axis Triple Advantage Fund (An open ended hybrid Fund)

(GOLD     |       EQUITY       |           FIXED INCOME )

Axis Mutual Fund launched a new fund Axis Triple Advantage Fund consisting of Equity & Equity related instruments (30% - 40%), Debt & Money Market instruments (30% - 40%) and   Gold Exchange Traded Fund (20% - 30%).  Since this is a new blend of investment of three different category , thus this scheme cannot be compared with any other existing scheme. However, the fund house has set the benchmark as composit benchmark consisting of S & P CNX Nifty (35%), Crisil Composit Bond fund index (35%) and INR price of Gold (30%).

NFO Summary

  • NFO Start Date: 30-June-2010
  • NFO Close Date: 29-July-2010
  • Scheme Re-opens for continuous sale/repurchase: 28-August, 2010
  • Scheme Category: Gold ETF, Equity & Debt/Money Market instruments
  • Scheme Type: Open Ended
  • Entry Load: Nil
  • Exit Load: 1% if redeemed/switchedout within 1 year from date of allotment
  • Offer Price: Rs. 10.00
  • Minimum Subscription: Rs. 5,000.00 and additional in multiple of  Rs 1/- thereafter.
  • NRI/FII can apply
  • Plan/Option: Growth& Dividend ( Payout & Reinvestment)
  • Download Application Form

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NFO: ICICI Pru Gold Exchange Traded Fund (Gold ETF)

ICICI Prudential Mutual Fund has launched a New Fund Offer from June 30, 2010. AMC aims to invest 95 - 100% in Bullion Gold and 0 - 5% may be kept in Debt and Money Market Securities, under open ended scheme. The objective of the  fund seeks to provide investment returns. Fund is tradable at NSE, BSE .

The units of the Scheme are offered at a face value of Rs100 each and will be issued at a premium equivalent to the difference between the allotment price as determined from the actual purchase price of physical gold and the face value of Rs100. The system of domestic prices of Gold derived from the LBMA AM will be used for fixing prices. However, the performance of the scheme may differ from that of the underlying gold due to tracking error.

NFO Summary

  • NFO Start Date: 30-June-2010
  • NFO Close Date: 29-July-2010
  • Scheme Category: Gold ETF
  • Scheme Type: Open Ended
  • Entry Load: Nil
  • Listing at  NSE , BSE,  Tradable
  • Offer Price: Rs. 100.00**
  • Minimum Subscription: Rs. 5,000.00 and additional in multiple of  Rs 1/- thereafter.
  • If the Demat account details are not given, the units will be issued in certificate form but will not be tradable till these are converted into dematerialise form.
  • NRI/FII/PIO investors (Persons of Indian Origin residing Abroad) can apply on Repatriation and Non-repatriation basis.*
  • Download Application Form
  • *Check  conditions  in KIM documents attached.
  • **For price rates check details above.
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