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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by Dinesh Engineering Ltd in September 2018 which miserably failed to attract the investors, and finally had to be withdrawn due to undersubscription.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 Invest...

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...