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Incorporated in June 1992 as P M G Hotels Private Ltd and after undergoing name change a couple of times later and finally settles to Lemon Tree Hotel Ltd in September 2012, Mr Patanjali Govind Keswani and SMSPL (Spank Management Services Pvt Ltd) promoted company is going public in the last week of Fiscal 2018. This is the 8th mainstream IPO of March 2018 and 14th IPO of 2018.   In this bearish IPO market, profit making Defense PSU giants like Bharat Dynamics Ltd and Hindustan Aeronautics Ltd hardly managed to subscribe, keeping NII and RII quota undersubscribed. In fact, HAL remained undersubscribed on the last day. Fundamentally strong yet little expensive Bandhan Bank has given impressive subscription figures. On the other hand, Karda Construction and Sandhar Technologies are yet to prove their subscription potentials. The continuous downturn in the current market has kept the IPO market very bearish.  In this current negative sentiments,  the loss making Le...

Incorporated in March, 1995, ICICI group's yet another company ICICI Securities Limited is going to hit the primary market. The main reasons the selling shareholders have lined up to offload their shares is to save the LTCG applicable from April 1, 2018. They want to wrap up the IPOs well before March 31, 2018 to ensure LTCG is not attracted. ICICI Securities Ltd is headquartered in Mumbai, and operate offices in India, the United States, Singapore and Oman. Its is a part of the ICICI Group, one of the largest financial conglomerates in the country and promoted by ICICI Bank, India’s largest private sector bank in terms of consolidated total assets with an asset base of ₹ 10.5 trillion as at December 31, 2017.  In September 2016, ICICI Group's ICICI Prudential Life Insurance IPO was launched. It was the first life insurance company's IPO  and it heavily disappointed its investors . Though the subscription numbers were pretty impressive and the company is fundame...

Incorporated in November 1973 and promoted by the President of India acting through MoD (Ministry of Defense), MIDHANI (Mishra Dhatu Nigam Ltd) is yet another Government PSU going to garner money from the public in March 2018. As a part of GoI's Rs. 72,000 Crore disinvestment plan for Fiscal 2018, a fter   Bharat Dynamics Ltd and   Hindustan Aeronautics Ltd , it's time for MIDHANI to go public. Here, noteworthy thing is that all three PSUs are consistent performers and heavily backed up by the Government support. Moreover, the shares price set by all three PSUs under IPOs are very reasonable with discount to retail investors and eligible employees. In 2017, SBI Life ,  General Insurance Corporation and  The New India Assurance Company Ltd heavily disappointed the investors. All three giants IPOs were big fiascos. The subscription figures were very poor.  All the three IPOs hardly managed to subscribe, still RII & NII remained undersubscribed. On the l...

Incorporated in October 1987, Delhi based Sandhar Technology Ltd has also queued up to garner money through IPO. Defense PSU Bharat Dynamics Ltd c losed on March 15, 2018 received very sloppy response over its IPO. It was primarily because of previous PSU IPOs went flop especially General Insurance Corporation and a few good IPOs have lined up. It seems that public has lost interest in PSUs as can be seen from the subscription figures of BDL. It has hardly managed to subscribed by 1.29 times on last day leaving NII & Employee quota still unsubscribed. Bandhan Bank Ltd IPO opened on March 15, 2018 and has done reasonably well on the first day. The valuation is on little higher side yet sentiments are very positive about that IPO. Another Defense PSU Hindustan Aeronautics Ltd and small time Nashik based construction company Karda Construction have opened on March 16, 2018 and their fate is yet to be decided. Sandhar Technologies Ltd (STL) is opening on March 19, 2018 when H...

March 2018 is going to be IPO month of 2018. After Bharat Dynamics Ltd and Bandhan Bank Ltd , Karda Construction Ltd is going to hit the primary market.  The issue is opening on the same day of  Hindustan Aeronautics Ltd .  Incorporated in September, 2017 and promoted by Mr Naresh Karda, Nashik based company is in the construction industry for more than two decades. In the years following its inception, the Karda Group concentrated on developing affordable housing in the residential segment and from 2001 onwards, the group diversified into commercial segment. The company is small and so its IPO. The issue is opening on March 16,2018 and closing on March 21, 2018. The tentative date of allotment and listing are  March 28, 2018 and March 30, 2018 respectively. The allotment status will be available on this link  https://www.bigshareonline.com . The price set is Rs. 175 - Rs. 180 per share and minimum application lot is for 80 shares. The issue size is Rs. 70...