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Incorporated in September 1999, "Indian Railway Catering and Tourism Corporation Limited" -  a wholly owned Government company under the administration of Ministry of Railways has come up with its IPO. This is the fourth company under the MoR going public. RITES Ltd was the first who went public in June 2018 followed by  Rail Vikas Nigam Limited in September 2018 and Ircon International in April 2019. Out of these three, except Ircon, RITES Ltd and Rail Vikas Nigam Limited are trading at premium to its issue price as on September 27, 2019. Ircon has disappointed its investors. This company is the only entity authorized by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.  The company was incorporated with the objective to upgrade, modernize and professionalize catering and hospitality services, managing hospitality services at railway stations, on trains and other loca

Incorporated in September 1999, a Delhi based company IndiaMART InterMesh Ltd is going to debut in the capital market through its IPO. This is the first IPO launch after General Elections results declared on May 23, 2019. It seems that IPO market may pick up its momentum from this juncture. The Modi Government's victory will help to enhance confidence of investors and the companies, and accordingly bullish the IPO market. Issue Details: The issue is going to open on June 24, 2019 and closing on June 26, 2019. The tentative dates of allotment and listing are July 3, 2019 and July 5, 2019 respectively. Out of 48,87,862 shares, 10,000 shares are reserved for employees. Out of balance 48,77,862 shares, 15% are reserved for Retail Investors. Object of the issue: As it is 100% offer for sale, the company is not going to receive any proceeds out of this IPO arrangement. The objects are to achieve the benefit of listing the Equity Shares on the Stock Exchanges and fo

Incorporated in January 1996, Mumbai based Polycab India Ltd is going to debut in the primary market with its IPO on April 5, 2019. Today, Polycab is a household name. The famous Bollywood actor Paresh Rawal is brand ambassador of the company and appear every now and then on television, advertisement signboards and hoardings.  Issue details : This IPO is a mix of Offer For Sale and Fresh Issue. The company is going to garner Rs. 400  Crore through Fresh Issue and existing shareholders are offloading 1,75,82,000 shares under Offer For Sale arrangement which are 12.45% of pre-offer issued, subscribed and paid up shares. Total issue sizes is for Rs. 1346 Crore approx.  The issue is opening on April 5, 2019 and closing on April 9, 2019. The tentative dates of allotment and listing are April 15, 2019 and April 18,2019 respectively. The price is Rs. 533 - Rs. 538 per share. There is no discount to retail investors but employees are offered discount of Rs. 53 per share. Minimum

Converted from partnership firm into company in July 2003, Metropolis Healthcare Limited is a brand in healthcare sector.  After MSTC Listing failed, Rail Vikas Nigam Ltd has not received good response on the third day of opening, and even by the time this article is being written. Metropolis Healthcare Ltd IPO is  the sixth mainline IPO of the year 2019. This is yet another 100% offer for share. Overview : The company offers a broad range of approximately 3,487 clinical laboratory tests and 530 profiles, as of December 31, 2018. The profile comprises of a variety of test combinations which are specific to a disease or disorder as well as wellness profiles that are used for health and fitness screening. It classifies its tests into (i) ‘routine’ tests such as blood chemistry analyses, blood cell counts and urine examination; (ii) ‘semi-specialized’ tests such as thyroid function tests, viral and bacterial cultures, histology, cytology and infectious disease tests; and (iii

On March 13, 2019, Kolkata based PSU MSTC Ltd debuted in the primary market with its Rs. 226.18 Crore IPO. I don't know the Nakshtra in which this IPO was launched that it received a super lame response from the investors. The IPO was launched with a lot of expectations but miserably failed to  attract the investors. It seems that investors have lost the faith in PSUs. Due to poor subscription figures, the closure date had to be extended by  a couple of days. On March 22, 2019, finally, the issue managed to subscribed by 1.46 times. The share is yet to be listed on the bourses and the fate is yet to be unraveled on March 29, 2019. The vibes are negative and the share is expected to be listed at discount. If you are allotted the shares, just fold your hands and pray to God. You don't have any choice either, LOL! The Government Of India has been struggling to achieve it's 2018-19 disinvestment target of Rs. 80,000 Crore. Due to Lok Sabha election round the corner and po

Incorporated in September 2015, Xelpmoc Design and Tech Limited has launched its IPO in this month after a break of almost four months in IPO Bazaar. This is the first mainline IPO of 2019.  The last IPO was launched by Dinesh Engineering Ltd in September 2018 which miserably failed to attract the investors, and finally had to be withdrawn due to undersubscription. Since then, no company has dared to launch its IPO in this uncertain and highly volatile market. However, Xelpmoc Design has come up with its plan to garner money through IPO. The issue size is very small. The company is planning to garner meagre 23 Crore approx. through 100% Fresh Issue of shares. Issue Details: The issue is opening on January 23, 2019 and closing on January 25, 2019. The tentative dates of allotment and listing are February 1, 2019 and February 4, 2019 respectively. The company has set the price range between Rs. 62 - Rs, 66 per share. Rs. 3 per share discount is offered to Retail Investors.