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In June 2018, Ministry of Railway's PSU RITES Ltd launched its IPO. It was the first PSU IPO of Fiscal 2019. Even in the depressed market sentiments during that period and poor performance of PSU IPOs in the recent past viz. Hindustan Aeronautics Ltd and Bharat Dynamics Ltd , RITES Ltd IPO received a huge response from every category of investors (except employees quota). The subscription figures were quite fabulous, the issue was oversubscribed by more than 66 times. On the listing day also, it listed with a bang, the share listed with 21% premium to its issue price. Currently, the share is trading at 37% premium to its issue price. So, far the share has given outstanding return to its subscriber. Now, in September 2018, yet another Ministry of Railway's PSU - IRCON International Ltd -is going to hit the primary market with its IPO. The issue is opening on September 17, 2018 and closing on September 19, 2018. The tentative dates of allotment and listing are September 2

CAGL's Background: CreditAccess Grameen Ltd is Bangalore based NBFC - MFI, i.e. Non-Banking Finance Corporation - Micro Finance Institution which is predominantly engaged in the micro financing business. This company's major business (more than 80%) comes from Rural part of India. The company's focus is on targeting the large chunk of customers who have no access to banks or limited access for borrowings. The company's focused target customer is women having annual household income of Rs. 1,60,000 or less in Urban Areas and Rs. 1,00,000 or less annual household income in Rural Areas. The company has followed a strategy of continuous district - based expansion across regions and as of March 31, 2018, it covers 132 districts in the eight states (Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh, Madhya Pradesh, Odisha, Goa and Kerala) and one union territory (Ponducherry) in India through 516 branches and 4544 loan officers. CAGL's Promo

In 2009, Lodha Developers had filed draft papers with market regular SEBI for its Rs. 2800 Crore IPO but due to global financial crisis and bearish sentiments in the market, the company cancelled the plan to go public. However, after 9 year, finally Lodha Developers Ltd is going public with Rs. 5500 Crore IPO. The market regulator SEBI has already given the nod. The IPO is going to be a mix of fresh issue and offer for sale. The company will issue fresh equity shares worth Rs. 3750 Crore and promoters shall sell 1.8 Crore shares. The company has Rs. 18000 Crore debt. Rs. 4500 Crore shall be used for prepayment of debts of its residential segment. The date of issue and pricing are not yet finalized. The company shall garner Rs. 750 Crore through pre-ipo placements

In the last week of October 2017, Reliance Nippon Life Asset Management Company garnered Rs.1500 Crore through IPO. It was the first company in India to go public in this segment i.e. Asset Management or Mutual Fund Manager. The issue was a mix of fresh issue and offer for sale. During that time, there were bullish sentiments across the market and especially IPO market was booming. As a result, the issue got tremendous response from all the category of investors viz. QIB (118 times), NII (209 times) and RII (6 times). Only lucky one could get the shares and they cheered on listing day as it listed with 17% premium to its issue price. Later, the sentiments turned bad due to various economical factors, the share started falling down. As on July 20, 2018, the share was trading at 14% discount to its issue price. The share is fundamentally strong and will go upwardly in a short to medium term. Now, in the last week of July 2018, yet another Asset Management Company is going public wit

Incorporated in December, 1997, a Delhi based cloth manufacturing company is going public through its Rs.1125 Crore IPO on July 18, 2018. The issue is closing on July 20, 2018. The issue is a 100% Offer For Sale arrangement. The selling shareholders are off loading 1,57,14,038 shares which are 25.63% of existing shares. The issue details: The selling shareholders: The selling shareholders include promoters viz Onkar Singh Pascricha and Arvinder Singh Pascricha who are selling their 29.05% and 24.29% shares respectively. The other selling shareholders viz promoter group shareholders are selling 25% to 100% of their existing shares and investor shareholder Wanger is offloading 27.72% of its share. The 100% Offer For Sale IPOs are presumed to be risky and when promoters are exiting, it becomes very risky to put hard earned money in the company where its promotors want to exit. It is better to stay away from such IPO.  Category of investors: Out of 1,57,14,038 sh