Burnpur Cement Limited is entering Indian primary market with a Public issue of 3, 18, 25,100 equity shares of Rs.10 per equity share aggregating to Rs. 3182.51 lacs (at the lower end of the price band of Rs.10/-per equity share) and Rs. 3819.01 lacs (at the higher end of the price band of Rs. 12/- per equity share). Below are the salient features of this issue:

Business of the Company

Burnpur Cement Limited (BCL) is one of the established cement?manufacturers of Eastern India having its market presence in West Bengal, Jharkhand and Bihar. The Company started operations in the cement industry in October 1991 with a small cement plant of 30 TPD. The Products of the company are approved and accredited with Quality Standards with BIS Certification. The quality standards ensure that the quality of cement manufactured by the Company is as per Industry norms.

Promoters

Mr. Ashok Gutgutia, aged 46 years is a Graduate of Commerce from University of Ranchi and is an MBA from Indian Institute of Business Management, Patna. He is one of the promoters of the Company. Mrs. Shashi Gutgutia aged 37 years is a Non-Executive and Non ????Independent Director of the company is also promoter of the Company.

Financials

Burnpur Cement Limited is a profit making company. For the FY ended March 31, 2006, the company clocked a turnover of Rs. 23 crores. The restated net profit for the same period was about Rs.89 lacs. For FY 2007, till Dec?2006, company had clocked a turnover of Rs.11 crores and PAT of Rs.32 lacs. For FY 2005 and FY 2004, the top line was Rs. 12 and Rs. 9 crores approximately. The net profit for FY 2005 was Rs. 43 lacs and for FY 2004 net profit was Rs. 15 lacs.

Particulars of the Issue

The Face Value of the Equity Share is Rs. 10/- and the Issue Price is (.) times the face value of the Equity Share. The price band is Rs. 10/- to Rs. 12/- per equity share of Rs. 10/- each.

Basis for Issue price

The Company is one of the established players in Cement sector of Eastern India having its market presence in West Bengal, Jharkhand and Bihar. The Company has a technically qualified management team led by promoters having rich experience in Cement industry. The company has already a grinding unit for manufacture of cement for a capacity of 1,000 TPD located in Asansol district of West Bengal.

Objects of the Issue

Main object is to set-up an integrated Clinkerisation and Cement grinding plant of 800 TPD capacity which can be expandable to 1600 TPD in the Hazaribagh district of Jharkhand at Patratu Industrial Estate, for manufacturing Clinker, Ordinary Portland Cement (OPC), Portland Pozzolona Cement (PPC) and Portland Slag Cement (PSC). Other objective is to provide liquidity for existing shareholders by listing the stock on exchanges.

Risks

Following are the key risks which can impact company?s performance:
1.The company?s business is dependent upon its ability to source sufficient limestone for its operations.
2. The Company is dependent upon the continued supply of coal, gypsum and other raw materials and fuel, the supply and costs of which can be subject to significant variation.
3. Rise in Input Costs may affect profitability.
4.Taxes and other levies imposed by the Government of India or State Governments relating to the Company?s business may have a material adverse effect on the demand of its products.
5. After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.

 

SVPCL Limited is entering Indian primary market with a Public issue of * equity shares of Rs.10 each. The issue is a 100% Book Built. Below are the salient features of this issue:
 

Business of the Company

Company is presently one of the largest paper product manufacturers in Southern India with production facilities spread strategically across Andhra Pradesh at Hyderabad, Vijayawada and Visakhapatnam Special Economic Zone. It manufactures the entire range of educational stationery like books, Computer Stationery, Paper products, General stationery and printing services.
 
 
Promoters
 
Company is promoted by the Mr. K. Mallikarjuna Reddy, Managing Director of the company who has a Commerce Degree. Other promoter is Mr. K. Sudhakar Reddy, Whole time Director, who has around 15 years of experience in manufacturing and marketing paper products.
 
Financials
 
SVPCL Limited is a profit making company. For the FY ended March 31, 2006, the company clocked a turnover of Rs. 41 crores. The net profit for the same period was about Rs.1.73 crores. For FY 2007, till Dec’2006, company had clocked a turnover of Rs. 57 crores and a net profit of Rs. 4.44 crores. For FY 2005 and FY 2004, the top line was Rs. 28 and Rs. 14 crores approximately. The net profit for FY 2005 was Rs. 0.31 crores and for FY 2004 net profit was Rs. 0.19 crores.
 
Particulars of the Issue
 
SVPCL Limited IPO is a fresh 100% Book Building issue of * Equity Shares of Rs. 10 each. Out of these * shares are reserved for retail investors.
 
 
Basis for Issue price
 
SVPCL Limited claims that it has integrated content design, process and printing capabilities. It has capacity to provide high quality printing services at competitive costs. It is one of the prominent educational stationery providers in South India. Also it is a consistently profit making company. Its weighted average RONW is 6.37%.
 
Objects of the Issue
 
The main object is to modernize and expand the existing manufacturing facilities at Hyderabad, Vijayawada and Visakhapatnam. Another objective is to set up marketing infrastructure at identified locations in different parts of the country. Augmenting long term working capital resources is the third main objective. Like any other company going public, getting listing gains is also one of the motives of the issue.
 
Risks
 
Following are the key risks which can impact company’s performance:
a.      Company faces intense competition in the student books, Computer Stationery, Paper products, General stationery and printing industry, our business, results of operations and financial condition will be adversely affected.
b.      Company sales are on payment terms averaging approximately 60 days. This may cause it to encounter cash flow difficulties.
c.       Company is yet to fully utilize the existing installed capacity and the capacity utilization has been 40.64% and 55.72% of the installed capacity during the year ended March 2006 and 9 months period ended December 2006 respectively.
d.      For execution of its commercial printing projects, it may be using certain essential intellectual property for which it may not have obtained prior permission.
e.   Company has allotted shares at par during the past one year though the present issue of equity shares is proposed at a premium.

SVEC Constructions Limited is entering Indian primary market with a Public issue of 40, 00,000 equity shares of Rs.10 each. The issue is a 100% Book Built. Below are the salient features of this issue:
 
Business of the Company
 
Company is engaged in the business of Civil, Electrical and Mechanical Construction works on contract basis with Government and Semi Government Organizations and projects under execution currently span six states across India. Company has so far executed 3 million square meters of Cement Concrete Lining. Company has also executed 6 million cubic meters of earth work excavation. Company is managed by experienced Board of Directors supported by well –qualified professionals in various disciplines like Civil, Electrical and Mechanical Engineering as well as Finance and Administration.
 
Promoters
 
Company is promoted by the Mr. C. Ajad Kumar, Chairman & Managing Director of the company who has an Engineering Degree from the University of Mysore. Other promoters are Mr. C. Sreemannarayana, Executive Director, Mrs. K. Bhanu Smitha and Mrs. C.L.R. Bhavani, Non–Executive Director.
 
Financials
 
SVEC Constructions Limited is a profit making company. For the FY ended March 31, 2006, the company clocked a turnover of Rs. 94 crores. The net profit for the same period was about Rs.5.46 crores. For FY 2007, till Dec’2006, company had clocked a turnover of Rs. 105 crores and a net profit of Rs.6.18 crores. For FY 2005 and FY 2004, the top line was Rs. 55 and Rs. 58 crores approximately. The net profit for FY 2005 was Rs. 1.75 crores and for FY 2004 net profit was Rs. 1.62 crores.
 
Particulars of the Issue
 
SVEC Constructions Limited IPO is a fresh 100% Book Building issue of 40, 00,000 Equity Shares of Rs. 10 each. In terms of the SEBI guidelines, 20% of the post issue capital, held by promoters will be locked-in for 3 years and the balance entire pre-issue holding i.e. 8650080 equity shares will be locked-in for 1 year.
.
Basis for Issue price
 
SVEC Constructions Limited claims that it has experience spanning 40 years in construction. It is registered under various categories for undertaking Government and quasi Government projects across various states which indicates its geographic reach. Also it is a consistently profit making company.
 
Objects of the Issue
 
The main object is to purchase capital equipment for various construction related activities. Company has purchased equipment worth Rs.1548.75 lakhs during the 21 month period 01.04.2005 to 31.12.2006 and there is a further need for capital equipment to be procured for its ongoing projects. The Company has estimated capital equipment requirement to the tune of Rs. 1532 lakhs for the construction of buildings, canal and roads. Working capital requirements and need to list the shares on stock exchanges are the other need for this issue.
 
 
Risks
 
Following are the key risks which can impact company’s performance:
a.       Given the long-term nature of the projects the Company undertakes, it faces various kinds of implementation risks.
b.       Failure to adhere to agreed timelines could adversely affect Company’s reputation and/or expose it to financial liability.
c.       Competition and engagement of Sub-contractors for execution of works are operating risks involved in company’s business.
d.       Company depends extensively on government and various government agencies for business.
e.       Fall of demand in real estate sector can adversely impact the company.
f.        Scarcity of skilled resources can lead to delays in execution of projects.
 
 

Brahamputra Consortium Limited is entering Indian primary market with a Public issue of 4,200,000 equity shares of Rs.10 each. The issue is a 100% Book Built. Below are the salient features of this issue:
 

Business of the Company

Company is an infrastructure project development company and provides engineering, procurement and construction services for infrastructure projects in India. It is also executing two real estate development projects. The project expertise is primarily in transportation engineering projects including roads, bridges flyovers, tunnels, land development/ embankment and airport runways, mining and hydroelectric projects.
 
Promoters
 
The company is promoted by the Agarwalla family. Mr. Siw Prasad Agarwalla is the founder of the company. He along with his four sons currently forms the promoter group.
 
Financials
 
Brahamputra Consortium Limited is a profit making company. For the FY ended March 31, 2006, the company clocked a turnover of Rs. 101 crores. The restated net profit for the same period was about Rs.37 crores. For FY 2007, till Dec’2006, company had clocked a turnover of Rs.102 crores and a net profit of Rs.40 crores. For FY 2005 and FY 2004, the top line was Rs. 60 and Rs. 40 crores approximately. The net profit for FY 2005 was Rs. 18 crores and for FY 2004 net loss was Rs. 14 crores.
 
Particulars of the Issue
 
Brahamputra Consortium Limited IPO is a fresh 100% Book Building issue of 4,200,000 Equity Shares of Rs. 10 each. At least 1,400,000 Equity Shares of Rs. 10 each is reserved for the retail investors.
 
 
Basis for Issue price
 
Brahamputra Consortium Limited claims that government is focused on building infrastructure such as roads, highways, bridges, airports, waterways which provides them good business opportunities. It claims it has Strong Order book amounting to Rs. 73093.79 Lacs as on January 1, 2007. It claims it has ability to execute complex large projects under various operating conditions. Its clients comprise of NHAI, Public Works Departments, Airport Authority of India, Northeast Frontier Railways, Coal India Limited, Mumbai Metropolitan Region Development Authority, L & T etc.
 
 
 
Objects of the Issue
 
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and the raising of funds for capital expansion plans. Company believes that listing will enhance the Company’s visibility and brand name among existing and potential customers and investors. Purchase of capital equipments and investment in BOT projects are other main objects of the issue.
 
Risks
Following are the key risks which can impact company’s performance:
a.      Criminal proceedings are pending against the promoters.
b.      Company is involved in legal proceedings.
c.   Confirmation from the GoI that the company can offer the
Equity Shares to registered FIIs investing under the portfolio investment scheme notified under the FEMA Regulations is yet to be received.
d.     Company has not executed BOT project in the past.
e.     Company has negative cash flow for the fiscal year 2005, 2006 and for the nine months period ended December 31, 2006. Any negative cash flow in the future may affect liquidity and financial condition.
 
 
 

Maytas Infra Limited is entering Indian primary market with a Public issue of 8,850,000 equity shares of Rs.10 each. The issue is a 100% Book Built. Below are the salient features of this issue:
 
Business of the Company
 
Company is a construction company and infrastructure developer. Its business is organized into two parts – Construction as a contractor on a contract basis and Infrastructure Development which involves identifying, sourcing, developing, and operating projects in infrastructure sectors. In construction business, Maytas has historically focused on the irrigation, roads and bridges, and buildings infrastructure sectors. They have completed, and continue to undertake, construction projects in these sectors across 12 states of India.
 
Promoters
 
The company is promoted by the individual promoter B. Teja Raju. His family members are co-promoters of the company.  
 
Financials
 
Maytas Infra Limited is a profit making company. For the FY ended March 31, 2006, the company clocked a turnover of Rs. 223 crores. The restated net profit for the same period was about Rs.26 crores. For FY 2007, till Dec’2006, company had clocked a turnover of Rs. 312 crores and a net profit of Rs.29 crores. For FY 2005 and FY 2004, the top line was Rs. 262 and Rs. 151 crores approximately. The net profit for FY 2005 was Rs. 58 crores and for FY 2004 net profit was Rs. 6 crores.
 
Particulars of the Issue
 
Maytas Infra Limited IPO is a fresh 100% Book Building issue of 8,850,000 Equity Shares of Rs. 10 each. At least 2,655,000 Equity Shares of Rs. 10 each is reserved for the retail investors.
 
 
Basis for Issue price
 
Maytas Infra Limited claims that it has diversified portfolio across various infrastructure sectors and geographic locations. It has extensive experience and strong track record. It has consistent records of making handsome profits.
 
 
Objects of the Issue
 
The main object is to invest in couple of associate companies. One of them is involved in constructing elevated highway project of the Bangalore-Hosur section of National Highway-7. Another associate company KVK Nilachal Power Private Limited is developing, constructing and commissioning a 300 MW coal-based power plant in Orissa. SV Power Private Limited (“SV Power”) for setting up a 56 MW coal washery reject based power plant and a 2.5 million metric tonne per annum coal washery at Korba District, Chattisgarh.
 
 
 
 
 
 Risks
Following are the key risks which can impact company’s performance:
a.      Company relies on government entities for substantially all of our revenues. Policy changes may result in projects.
b.      Competition is intense in infrastructure sector.
c.       Delays in the completion of current and future infrastructure-related contracts and BOT/BOOT projects could have adverse effects on the Company’s financial results.
d.      We require certain approvals or licenses in the ordinary course of business and the failure to obtain or retain them in a timely manner, or at all, may adversely affect the Company’s financial results.
e.      Skilled labor availability will affect timely completion of projects and hence the company revenues.
 
 

ICICI Bank Limited is entering Indian primary market with a Public issue of * equity shares. Below are the salient features of this issue:
 
Business of the Company
 
ICICI Bank Limited is a household name in India. Incorporated in 1994, it is currently the largest private sector bank and the second largest bank in India in terms of assets. Company is a leading name in both corporate and retail banking. It has a total of 710 branches, 45 extension counters and 3,271 ATMs. The bank has approximately 24.0 million retail customer accounts. Their corporate customers include India’s leading companies as well as growth-oriented small and middle market businesses.
 
 Promoters
 
The company has no identifiable promoters. Nearly 25% of total capital is in form of ADS. There are a total of 113.73 million outstanding ADSs. Life Insurance Corporation of India has nearly 7.8 percent of equity. Surprisingly, Bajaj Auto Ltd. has nearly 4% of equity shares of the bank. The bank is however professionally managed.
 
Financials
 
ICICI Bank Ltd. is a consistent profit making company. For the FY ended March 31, 2007, the company clocked a total interest income of Rs. 230 billion rupees. The net interest income for the same period was about Rs. 66.36 billion and total income was about Rs.125.65 billion. The PAT for the year was Rs.31.10 billion. For FY 2006, company had clocked a turnover of Rs.88.90 billion and a net profit of Rs.25.4 billion. For both the above periods, corresponding diluted EPS was Rs.34.64 and Rs. 32.49 respectively.
 
Particulars of the Issue
 
The issue is for * equity shares of Rs.10 each for cash at a price of Rs.* per share aggregating to Rs.* crores. The issue will constitute about * of fully diluted post paid up equity capital.
 
Basis for Issue price
 
ICICI Bank Ltd. is India’s largest private sector bank, and the second largest bank in India in terms of total assets. At May 10, 2007 the bank had the largest market capitalization among all banks in India. Its subsidiaries in life and non-life insurance have achieved leadership positions among private sector life and non-life insurance companies. Its Net NPA Ratio was 0.98% at March 31, 2007. Its advances increased 34% to Rs. 1,958.66 billion at March 31, 2007
 
Objects of the Issue
 
Main object of this issue by the bank is to augment its capital base to meet future capital adequacy requirements arising out of growth in its businesses and for other general corporate purposes. Other general corporate purposes will include development of channel infrastructure to support business growth and service customers in a better way.
 
 Risks
 
Following are the key risks which can impact company’s performance:
a.       Volatility in interest rates could adversely affect net interest margin, the value of fixed income portfolio, income from treasury operations, the quality of loan portfolio and financial performance.
b.       Like for any other bank, level of non-performing assets remains as a   major risk.
c.       Decrease in value of collateral is a potential risk for the bank.
d.       Reorganization of holdings in insurance and asset management subsidiaries remains a challenge for the bank.
e.       Foreign exchange rates fluctuations can affect the company.
f.        Government policies also have major impact on the company’s business.
 
 
* indicate that information is yet to be declared by the company.