DQ Entertainment IPO subscription

If you thought MAN Infra’s record IPO (second biggest after Reliance Power in terms of subscription) will take some time to be broken, then think again. It’s not even a month that MAN Infra set a record 62 times subscription that we have another IPO that broke that record all ends up. DQ Entertainment, a [...]

UBI IPO Allotment status

The United bank of India UBI IPO which ended on February 25, 2010 has seen an overwhelming response from all sectors of investors. Considering the flat response seen for the FPO’s of REC and NTPC, Government finally has something to cheer about. The Offer which concluded today has been over subscribed 33.38 times.
The lower price [...]

What does Sum Assured mean in Insurance?

When you are dealing with Life Insurance, it is inevitable that you stumble across the term ‘Sum Assured’. Unlike most other assurances that you may hear from your LIC Agent, this term is mostly self explanatory. It simply means that it is the minimum amount payable to insured person (or his nominee) when the situation [...]

REC FPO shares allotment status

It was almost decided till the final day that REC FPO was heading the NTPC way with just about full subscription. But it was qualified institutions buyers, especially LIC of India that saved the day for GOI. REC FPO finally was subscribed 2.29 times which is in line of the company expectations (which expected between [...]

United bank of India IPO fully subscribed

United Bank of India, the Public Sector bank that went the public way today was completely subscribed in the first day itself. Bids were received for 5.8 crore shares against proposed 5 crore shares. The price band was decided to be between 60 and 66. It has to be remembered that the company also announced [...]

MAN Infra IPO over subscribed 62 times

MAN Infra IPO, which closed on February 22 set a record having received second highest number of bids, only behind Reliance Power, two years ago. The offer was over subscribed 62 times with bids received for 29 crore shares against 46.53 lakh shares on offer.
While this is the overall subscription rate, the retail investors alone [...]

Rural electrification corporation FPO opens today

The second company that goes for an FPO in line with the Government’s disinvestment strategy is Rural Electrification corporation (REC). The FPO opens today (19 Feb 2010) and closes on 23 Feb 2010. After seeing the lukewarm response to the NTPC FPO, the Government still continues with the French Auction model for REC FPO.
A total [...]

Nokia money launched in India with Yes Bank

As promised before, Nokia has launched a dedicated finance (money management) business with a pilot project being tested currently in the city of Pune, India. At present Yes Bank is acting as the banking partner through ‘Mobile money services’ platform in association with Obopay, a mobile money management firm.
What can Nokia Money do?
With Nokia money, [...]

LIC Market plus policy current status

LIC market plus is a Unit linked Insurance policy in which the policy holder chooses to invest the funds in one of the 4 possible funds.
The 4 funds available are Bond Fund, Secured fund, Balanced fund and Growth fund, from least risk to high risk in that order.
Note that If your yearly premium value lies [...]

NTPC FPO allotment status

Now that the NTPC FPO has ended, let’s review the subscription it received. No one would have imagined that NTPC, one of the largest  PSU in India, would hardly manage to get completely subscribed. Before the FPO started, there were talks in the D Street that this could see bids with 10-15% premium. Forget premium [...]

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