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Top 5 upcoming IPO's to invest
By siliconindia
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Wednesday, 22 June 2011, 21:32 IST
Bangalore: Anyone who is investing in IPO's would have observed a shift from not just making a quick buck but also thinking of it as a long term outlook. Even if you have a long-term focus, finding a good IPO is difficult. Below are the top five IPO's where you could invest your amount.
TATA Autocomp Systems plans to launch a more than 11 billion rupee initial share sale in the next 2-3 weeks. The firm plans to raise 
7.5 billion from a fresh issue of shares which will be used to cut debt and expand capacity. Tata AutoComp Systems promoted by the Tata Group, provides products and services in the automotive industry to Indian and global customers, including Ashok Leyland, BMW India, Mercedes-Benz India, Eicher Motors, Fiat, Force Motors and many more. With a vision to be the preferred destination for sourcing auto components and systems, creating benchmark value for investors. In FY11, Tata Autocomp's had earmarked about 300 crore for capacity expansion. The firm has appointed JM Financial Consultants, Tata Capital Markets and JP Morgan India as managers to the sale.
L&T Finance, the financial arm of Larsen and Toubro (L&T) filed an IPO to raise 1.500 crore. L&T is a technology-driven $ 11.7 billion company that infuses engineering with imagination. They offer a wide range of advanced solutions, services and products. The dilution for L&T Finance IPO will be around 10-12 percent. The amount raised will be utilized to meet the capital adequacy requirements to support the future growth in their business. The book running lead managers to the issue are HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse. The company's market capitalization stands at 120,193.44 crore. L&T announced a 32 percent rise in net profit for the quarter ended September 2010 at 765 crore on an 18 percent revenue growth.
Joyalukkas, a gold and diamond retail jewellery chain, is planning to go for an initial public offering (IPO) to raise around 650 crore, which would help it to double its business from 2,650 crore at present. The IPO is being managed by Enam and Citgroup Global Markets. Joyalukkas has been hailed as the world's favourite jeweller, not without reason. They are also the jewellery chain to be conferred with the honour of the Retailer of the year in The Middle East. In addition Joyalukkas has the distinction of being awarded the Dubai Quality Awards Certification. Joyalukkas' net profit increased from 50 crore in FY09 to 67.3 crore in FY10. Joyalukkas' will use 425 crore for establishment of new retail outlets and another.
Micromax the biggest domestic mobile handset seller Micromax Informatics is expected to raise 426 crore through the offer. The company will use 50 percent of the IPO proceeds to set up a handset manufacturing plant in India while the rest would be spent in areas such as marketing and expansion. Micromax has a 4.1 percent market share in India and is now valued at over $1 billion. JM Financial, Citigroup, Edelweiss and Nomura are the book running lead managers to the issue. For the year ended March 2010, Micromax had sales of 1,600 crore on selling over 70 lakh handsets, with a net profit of 200 crore, as against revenue and profit of 350 crore and 35 crore respectively for the previous year.
Tribhovandas Bhimji Zaveri Limited (TBZ) is planning to raise funds through IPO by issuing 16.66 Mn shares. Its existence for decades signifies the trust reposed in the company which deals in products which are as precious as gold and precious stones jewellery, precious both in terms of value and emotion. The issue constitutes 25 percent post issue paid up capital of the company. IDFC Capital and Avendus are the book running lead managers to the Tribhovandas Bhimji Zaveri issue. The IPO proceeds will be used for setting up new showrooms and for working capital needs. Currently, promoters Shrikant Zaveri, Binaisha Zaveri, Raashi Zaveri and promoter group together hold 98.60 percent stake in the company. The company has reported net profit of 16.9 crore on total revenue of 885.2 crore for FY2010. For six months ended September 2010, it reported net profit of 18 crore on total revenue of 522 crore.
7.5 billion from a fresh issue of shares which will be used to cut debt and expand capacity. Tata AutoComp Systems promoted by the Tata Group, provides products and services in the automotive industry to Indian and global customers, including Ashok Leyland, BMW India, Mercedes-Benz India, Eicher Motors, Fiat, Force Motors and many more. With a vision to be the preferred destination for sourcing auto components and systems, creating benchmark value for investors. In FY11, Tata Autocomp's had earmarked about 300 crore for capacity expansion. The firm has appointed JM Financial Consultants, Tata Capital Markets and JP Morgan India as managers to the sale.
L&T Finance, the financial arm of Larsen and Toubro (L&T) filed an IPO to raise 1.500 crore. L&T is a technology-driven $ 11.7 billion company that infuses engineering with imagination. They offer a wide range of advanced solutions, services and products. The dilution for L&T Finance IPO will be around 10-12 percent. The amount raised will be utilized to meet the capital adequacy requirements to support the future growth in their business. The book running lead managers to the issue are HSBC, Citigroup, JM Financial, Barclays Capital, and Credit Suisse. The company's market capitalization stands at 120,193.44 crore. L&T announced a 32 percent rise in net profit for the quarter ended September 2010 at 765 crore on an 18 percent revenue growth.
Joyalukkas, a gold and diamond retail jewellery chain, is planning to go for an initial public offering (IPO) to raise around 650 crore, which would help it to double its business from 2,650 crore at present. The IPO is being managed by Enam and Citgroup Global Markets. Joyalukkas has been hailed as the world's favourite jeweller, not without reason. They are also the jewellery chain to be conferred with the honour of the Retailer of the year in The Middle East. In addition Joyalukkas has the distinction of being awarded the Dubai Quality Awards Certification. Joyalukkas' net profit increased from 50 crore in FY09 to 67.3 crore in FY10. Joyalukkas' will use 425 crore for establishment of new retail outlets and another.
Micromax the biggest domestic mobile handset seller Micromax Informatics is expected to raise 426 crore through the offer. The company will use 50 percent of the IPO proceeds to set up a handset manufacturing plant in India while the rest would be spent in areas such as marketing and expansion. Micromax has a 4.1 percent market share in India and is now valued at over $1 billion. JM Financial, Citigroup, Edelweiss and Nomura are the book running lead managers to the issue. For the year ended March 2010, Micromax had sales of 1,600 crore on selling over 70 lakh handsets, with a net profit of 200 crore, as against revenue and profit of 350 crore and 35 crore respectively for the previous year.
Tribhovandas Bhimji Zaveri Limited (TBZ) is planning to raise funds through IPO by issuing 16.66 Mn shares. Its existence for decades signifies the trust reposed in the company which deals in products which are as precious as gold and precious stones jewellery, precious both in terms of value and emotion. The issue constitutes 25 percent post issue paid up capital of the company. IDFC Capital and Avendus are the book running lead managers to the Tribhovandas Bhimji Zaveri issue. The IPO proceeds will be used for setting up new showrooms and for working capital needs. Currently, promoters Shrikant Zaveri, Binaisha Zaveri, Raashi Zaveri and promoter group together hold 98.60 percent stake in the company. The company has reported net profit of 16.9 crore on total revenue of 885.2 crore for FY2010. For six months ended September 2010, it reported net profit of 18 crore on total revenue of 522 crore.