Skip to main content

Posts

Showing posts from September, 2010

Eros International Media IPO Review

Eros International Media is entering the capital markets to raise Rs. 350 crore through an issue of 2cr equity shares.The main objective of this issue is for acquiring and co-producing Indian films and general corporate purposes. This company is part of the Eros group which has been in the entertainment business for over three decades. The company is well poised to tap the opportunity presented by Indian Media and Entertainment Industry driven by rising regionalization and digitization through new distribution platforms like Digital Cable, DTH & IPTV. Distribution and sale of media content online also offers a huge potential for Eros. Details of the issue: Face Value: Rs. 10 Per Equity Share. Issue Price: Rs. 158 - Rs. 175 Per Equity Share. Market Lot: 40 Shares. Listing At: BSE, NSE. Issue Date: Sep 17, 2010 - Sep 21, 2010. Eros International Media is currently valued at 18 x-19 x on FY10 EPS of Rs 8.8 and Rs 9.1 based on the price band of Rs 158-175, which is cheaper than that

Reliance Index Fund - Nifty Plan NFO

Reliance Mutual Fund launches its Nifty ETF namely Reliance Index Fund - Nifty Plan. We already have Nifty Bees   & other ETFs from leading fund houses and Reliance Mutual Fund is the latest fund to join the bandwagon. As with any other Index Fund, the objective of this fund is to replicate the composition of the Nifty, with a view to generate returns that are commensurate with the performance of the Nifty. Minimum Investment is Rs.5000 and both Growth & Dividend options are available. The entry load is nil and the scheme will be open till 23 Sep 2010. SIP facility is available with a minimum investment of Rs.500. Why should one invest in Index Fund? Index Funds are the simplest of the mutual fund products to understand. S&P CNX Nifty is a true representative of Indian Economy, since the constituents are blue chip companies which are the most liquid and widely owned companies. This scheme provides an opportunity to participate in India's growth story by investing in a

Career Point Infosystems IPO Review

Career Point Infosystems has come out with an IPO of Rs. 115 crores for its expansion plans. The company provides tutorial services for All India pre-medical and pre-dental tests and for engineering, medical entrance exams such as AIEEE, IIT-JEE also. The company has its presence through 33 centres mainly in North, East and Central India.The main objects of the issue is to meet expenses towards general corporate purposes and to construct and develop an integrated campus facilities. Details of the issue: Issue Size: Rs. 115.00 Crore. Face Value: Rs. 10 Per Equity Share. Price Band: Rs. 295 - Rs. 310 Per Equity Share. Market Lot: 20 Shares. Issue Open: Sep 16, 2010 - Sep 21, 2010. To invest or not? The net profit for FY10 was Rs. 18 crore with an EPS of Rs. 13.2 on an equity of Rs. 14.42 crore. The company is expects its business to grow at the rate of 30% with margins of about 33%. There is always a market fancy for education stocks and also, the company has allotted 6.56 lakh shares

IDBI Nifty Junior Index Fund NFO

IDBI Mutual Fund has launched Nifty Junior Index Fund NFO, an open ended equity scheme tracking the CNX Nifty Junior Index. The investment objective of the scheme is to invest only in and all the stocks comprising the CNX Nifty Junior Index in the same weights of these stocks as in the Index, to replicate the performance of the Returns of CNX Nifty Junior Index. Scheme Details: Terms of Issue: Offer for units of Rs.10 per unit during the NFO and the minimum subscription amount is Rs.5000. Load structure: Entry load: Nil; Exit load of 1% for Redemption on or before 1 year from the date of allotment. Plans on offer: Growth Plan and Dividend Plan with option for dividend payout and re-investment. SIP facility is available. The offer is open from Sep 3 - Sep 15 2010. So, what is this Nifty Junior Index Fund is all about? The next list of liquid securities after CNX Nifty is the CNX Nifty Junior and it consists of 100 stocks selected based on liquidity. Also we don't have that many sch

Reliance Small Cap Fund NFO

Reliance Mutual Fund has come out with a New Fund Offering - Reliance Small Cap Fund with a objective of getting long-term capital appreciation out of predominantly investing in small cap companies. The scheme has been benchmarked against BSE Small Cap Index. The minimum investment is Rs.5000 and SIP facility is available with a minimum amount of Rs.1000.While the entry load is nil, exit load of 2% would charged if redeemed within 12 months of the investment. The scheme has both dividend and growth options available. The issue is currently open and it closes on 9 September 2010. So, to invest or no to? The fund is a very aggressive small cap oriented fund which intends to invest in small sized companies. It is a high risk - high return oriented fund characterized by volatility which is expected to be smoothened out by staying invested over a longer term horizon.Although small-cap stocks are often perceived as risky relative to their large-cap counterparts, they have other characteris