Smart Investing..

You can check out the status of the recently issued IPOs like Adani Power and NHPC by clicking at the following link http://www.karvy.com/ipoStatus

National Hydroelectric Power Corporation ( NHPC ) IPO will be open for subscription today and is one of the most awaited IPOs in recent days. NHPC operates mainly in North and North-Eastern states and This miniratna is expected to get orders from countries like Bhutan and Nepal. This is a first PSU IPO after 17 months (REC is the last IPO – February, 2008). Indian government will get Rs. 2,000 crore by divesting its 5% stake in NHPC while company will get around 4,000 crore from this IPO. NHPC had earlier filled a draft red herring prospectus in April 2007, but it was turned down by market regulator Sebi, as the company did not have the required strength of independent directors on its board then. Later, the company again filed the IPO papers on August 6, 2008, but scrapped the plan due to poor market conditions. The real story behind the NHPC IPO is one about expansion and growth. NHPC is currently engaged in the construction of 11 hydroelectric project s, which will increase ...

The IPO of Adani Power , promoted by the owners of Mundra Port & SEZ, opens today on June 28 and plans to mop up to Rs 3,016 crore from the primary market. This is the second biggest in country's history after Reliance Power. Basic Details of the IPO: Books Open 28th July 2009, Tuesday Books Close 31st July 2009, Friday Price Band Rs.90 - Rs.100. Lot Size 65 x multiples of 65 Equity Shares Issue Size Primary offering of 301,652,031Equity shares (~13.8% of post issue capital) Employee Reservation 8,000,000 Equity Shares Net Issue Size 293,652,031 Equity Shares (~13.5% of post issue capital) QIB Book 60% of the Net issue size - at least 176,191,219 shares Retail Book 30% of Net issue size - not less than 88,095,609 shares HNI Book 10% of Net issue size - not less than 29,365,203 shares Book Running lead managers DSP ML, JM Financial, Enam, IDFC SSKI, Kotak, Morgan Stanley, I-Sec, SBI Caps The rough date of listing is around August 20 th 2009. As I write this blog artic...

Hi The entry load on mutual fund has been abolished by SEBI from August 1 2009. Its a double edged sword for lot of investors as the good part is that no entry load will be charged and the whole amount will be invested but the negative part to the whole story is hardly there will be any company who will give advice to retail customers. We can argue here by saying that advice is not required as anybody can decide on which funds to buy or sell. Though its not true because I remember a wealth managament company who during the last bull run, when market valuations were getting stretched had asked their clients to come out in a staggered way from equity MFs. Those clients who agreed to go with the companies advice had very less loss compared to those who stayed put thinking market will cross 25 K on Sensex. Similarly there are clients who take lot of new age allocations like gold and infra and make a mixture of various MFs and think that they have done something great. They realise the fail...

I t might seem ridiculous to talk about safe investments and sound returns at a time when the equity markets are down 34 per cent + since last year and a tumbling real estate market is giving most of us sleepless nights. One thing that the glum developments of the last 18 months have taught us is that when things go wrong, it's time to go back to the basics. When everything around us is crashing, the only comfort is in the simple and staid; like listening to an old song, or eating your mother's cooking. For our money lives, this new reality of volatile markets indicates the need to go back to old options and invest in products that our parents relied on, the ones we turned our noses up at as too cumbersome, or even too boring. These options, debt products with fixed returns mostly sold through post offices, are the safest possible as the government guarantees them. Read More here Source www.business.rediff.com 

Indian stocks may extend their “impressive run,” helping the Bombay Stock Exchange Sensitive Index climb to 15,000 by June 2010, Macquarie Group Ltd. said. The economy may “bottom out” in the second half of 2009, aided by the government’s fiscal and monetary policies, Macquarie analysts led by Seshadri Sen wrote in a report today. Read more of the articles here: http://www.bloomberg.com/apps/news?pid=20601091&sid=ahsyvlFT6ifA&refer=india Source: Bloomberg.com

In continuation to my post   Real Estate Prices in India face slowdown   I happened to read the below public notice in todays (May 07, 2009) Times of India Bangalore Edition, page 20.  This is also available in their online newspaper edition called e paper( I am not able to put the link here) but go to  http://epaper.timesofindia.com/Default/Client.asp?Daily=TOIBG&showST=true&login=default&Enter=true&Skin=TOINEW&GZ=T  and check out for page 20.  I dont know how true  it is that DLF tried selling the residential property in bangalore without approval as claimed in the notice, but one thing is for sure if it is right then its one of the worst things to happen to DLF and to the real estate markets.  Real Estate Trends 2009: Pretty sad to see the state of affairs in Real Estate companies. In fact if you read my earlier post on real estate you will find that the actual correction should have been close to 30% in various markets. I still feel there is lot of room for real...