Indosolar Limited, the leading Indian manufacturer of photovoltaic cells, has launched initial public offer with price band of Rs. 29-32 per share. Following are the IPO details:

• Start Date: 13-Sep-2010
• Close Date: 15-Sep-2010
• Price Band: Rs. 29-32 per share
• Market Lot: 200 shares
• Face Value: Rs. 10.00 per share
• Issue Size: Rs. 357 crores
• IPO Grade: 3/5 by CRISIL. It means ‘Average Fundamentals’

IPO Recommendations/Review : Coming soon

Zenith Birla India Limited, formerly known as Zenith Limited, is offering fixed deposit with interest rate upto 11.00 and effective yield of upto 12.63% for 3 years. However, for investments of more than 1 lacs, there is additional 0.25% interest. Minimum investment is Rs. 10,000/-

Following are the complete FD interest rates:

To Apply:

1. Download Application form of Zenith Birla FD

2.Attach PAN card copy and cheque/draft favouring - ‘Zenith Birla (India) Ltd.’

3. Send the completely filled application to our address

You may also deposit Cheque / DD for the investment amount favouring “Zenith Birla (India) Ltd.” in their Current A/c with AXIS Bank A/c. No. 173010200004251 and the application form(s) along with the deposit slip and an Inter Office Memo (IOM) can be sent to our Delhi Office.

IDBI Mutual Fund has launched IDBI Junior Nifty Index Fund. The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty junior index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior index (Total Returns Index) and the scheme.

Download IDBI Nifty Jr. Index Application Form

NFO Summary:

• Scheme Name: IDBI Nifty Junior Index Fund
• Scheme Type: Open Ended
• NFO Start Date: 02-September-2010
• NFO End Date: 15-Sep-2010
• Entry Load: Nil
• Exit Load: 1% within 1 year of investment
• Offer Price: Rs. 10
• Minimum Investment: Rs. 5,000/-
• Download Application Form

Axis Mutual Fund has declared dividend under Axis Tax Saver Fund, an ELSS scheme. The quantum of dividend decided for distribution is Rs. 1 per unit on the face value of Rs. 10. The record date for distribution of dividend is 31st August, 2010.

The NAV of Axis Tax Saver Fund, as on 27-Aug-2010, is Rs. 11.8653

Download Axis Mutual Fund Form

Reliance Mutual Fund has launched a New Fund Offer (NFO) - Reliance Small Cap Fund. The NFO will close on 09-September-2010. The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Download Application Form of Reliance Small Cap Fund

Invest Online in Reliance Small Cap Fund

NFO Summary:

• Scheme Name: Reliance Small Cap Fund
• Scheme Type: Open Ended
• Scheme Category: Growth
• Start Date: 26-Aug-2010
• Close Date: 09-Sep-2010
• Entry Load: Nil
• Offer Price: Rs. 10.00
• Minimum Subscription: 5,000 and in multiples of Re.1/-
• Download Application Form
• Invest Online
• Order Forms
  

Gujarat Pipavav, Indian port operator and developer,
is coming out with initial public offer (IPO) to
raise  Rs 500 crore.

APM Terminals, the port operating arm of Danish shipping and oil conglomerate A P Moller-Maersk, holds a majority stake in Gujarat Pipavav.

Issue Detail:

-»  Issue Open:  Aug 23, 2010 - Aug 26, 2010
-»  Issue Type:  100% Book Built Issue IPO
-»  Closure for QIB Bidders: August 25, 2010
-»  Market Lot:   130 Share
-»  Face Value:  Rs. 10 Per Equity Share
-»  Issue Price:  Rs. 42 - Rs. 48  Per Equity Share
-»  Listing At:  BSE, NSE

Broker’s Recommendation:

• Way2Wealth: Avoid
• Nirmal Bang: Subscribe
• Udayan: Invest for long term
• Angel Broking: Subscribe
• Hem Securities: Avoid

CRISIL has assigned an IPO Grade 4 to Gujarat Pipavav Port  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).

ICICI Prudential mutual fund has launched a 3 years Fixed Maturity Plan (FMP). The last date of the NFO is 23-Aug-2010. The investment objective of the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.

Download Application Form

NFO summary:

• Fund name: ICICI Prudential Fixed Maturity Plan-Series 53-3 Years Plan A
• Scheme category: Income
• Scheme type: Close Ended
• NFO Start Date: 09-Aug-2010
• NFO Close Date: 23-Aug-2010
• Entry Load: Nil
• Exit Load: Nil
• Offer Price: Rs. 10.00 per unit
• Minimum Subscription: Rs. 5,000/-
• ICICI FMP Sr. 53 Plan-A 3-years Application Form

Prakash Steelage Limited (’PSL’), an ISO 9001: 2008 and PED certified
Company engaged in the manufacturing of seamless & welded stainless steel
Pipes, Tubes and U-tubes as well as a “Govt. Recognized Star Export House”.
It has fixed the Price Band between Rs. 100 and Rs. 110 per Equity Share for
a public issue of 62,50,000 Equity Shares of Rs. 10 each for cash at a
price per Equity Share(including a share premium) aggregating to
Rs. 62.50 crore (lower end of the Price Band) and Rs. 68.75 crore
(upper end of the Price Band) (the “Issue”). The Issue will constitute
35.71% of the post Issue paid-up capital.

The Objects of the Issue are:

1. To expand existing manufacturing facility at Umbergaon, Gujarat;
2. To meet additional working capital requirement;                       3. To meet the issue expenses; and                                                                                     4. To list the equity shares of the company on the stock exchanges.

Check Allotment Status

Issue Detail:

-»  Issue Open:  Aug 05, 2010 - Aug 10, 2010
-»  Issue Type:  100% Book Built Issue IPO
-»  Issue Size:   6,250,000 Equity Shares of Rs. 10
-»  Issue Size:  Rs. 62.50 - 68.75 Crore
-»  Face Value:  Rs. 10 Per Equity Share
-»  Issue Price:  Rs. 100 - Rs. 110 Per Equity Share
-»  Market Lot:   60 Share
-»  Closure for QIB Bidders: August 9, 2010
-»  Minimum Order Quantity:  60 Shares
-»  Listing At:  BSE, NSE

IPO Review / Broker’s Recommendations:

• Hem Securities: Subscribe for high risk investors

CRISIL has assigned an IPO Grade 2 to Prakash Steelage 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).

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

HDFC Mutual Fund is launching 370 days FMP Series XV, [which will be listed on National Stock Exchange (NSE)] from August 5, 2010 (Thursday) and will close on August 12, 2010 (Thursday).  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 HDFC Asset Management Co. until the maturity of the scheme.

MATURITY

370 Days after the date of allotment of units.

Download HDFC FMP 370 Days Series XV Application Form

Bajaj Corp Ltd has declared IPO allotment Status. Check it here

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).