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Fortis Healthcare Limited IPO has opened today and will close on Friday (April 20th)

The IPO isn’t generating much interest in the gray market and is barely getting Rs 5 – Rs 10 premium.

Healthcare is a capital intensive sector and Fortis’s expansion plans may affect it’s profitability in the short-to-medium term. However the stock will be a good long term bet.

Wait and watch is best approach for this IPO.

Investors should apply on the last day and if the IPO is not subscribed more than 2 times , then it would be better to do a “stop-payment” for the application checks.
Keep an eye on “comments” for updated gray market rates.

Orbit Corporation Limited IPO Allotment Status Can Be Checked Here:

Click Here.

ICRA Allotment Status Is Available Now.

Check Here:

The gray market premium as on today is 180. Investors can hold the stock for long term.

The ICRA IPO has been oversubscribed 54 times in retail segment. This means for every share there are 55 applications.

Now assuming that everyone who gets shares, gets 20 shares (worth Rs 6600) the probability of getting shares on the following application amounts are:
300 share application – probability of getting 20 shares : 27.27%
280 share application – probability of getting 20 shares : 25.45%
260 share application – probability of getting 20 shares : 23.64%
240 share application – probability of getting 20 shares : 21.82%
220 share application – probability of getting 20 shares : 20.00%
200 share application – probability of getting 20 shares : 18.18%
180 share application – probability of getting 20 shares : 16.36%
160 share application – probability of getting 20 shares : 14.55%
140 share application – probability of getting 20 shares : 12.73%
120 share application – probability of getting 20 shares : 10.91%
100 share application – probability of getting 20 shares : 9.09%
080 share application – probability of getting 20 shares : 7.27%
060 share application – probability of getting 20 shares : 5.45%
040 share application – probability of getting 20 shares : 3.64%
020 share application – probability of getting 20 shares : 1.82%
Also the gray market premium for ICRA has crossed 200 now.

ICRA IPO has opened today (20th) and will close on 23rd March.

It is one of the leading credit rating agencies of India.

The IPO price band is Rs.275/- to Rs.330/-.

The IPO comes at 18 times FY07 earnings and looks good buy compared to the already listed CRISIL. (CRISIL is trading at more than 45 times FY06 earnings.)

The stock already has 100+ premium in the grey market. ICRA is over dependent on debt paper rating earnings. It currently as 28% market share in its industry.

Investors should apply at upper end of the price range.

Raj TV will be listing on NSE and BSE on 16th March 2007.

BSE Script Code: 532826
NSE Symbol: RAJTV
The Demat ISIN is INE952H01019

The stock got poor response from investors and most probably will list at a discount to the offer price of Rs 257.

Raj TV’s IPO allotment status can be checked here.

The IPO has received poor response from the investors and the listing price is likely to be below allotment price.

Broadcast Initiatives Limited
Evinix Accessories Limited
Oriental Trimex Limited

None of these stocks offer attractive stories. Investors should get out of all three and look for better valuations in other stocks.

Evinix is a good niche story, but the valuations are expensive and the already listed Crew Bos would be a better choice in the same sector.

MindTree Consulting Limited will be listing on 7th March 2007.

NSE Symbol: MINDTREE.

ISIN: INE018I01017
A listing price of 725-750 is expected against an offer price of Rs 425. Investors should hold for long term.

Seven year old Piyush Kolur is suffering from acute lympoblast leukemia – a type of blood cancer.

The only way he has a chance of survival is the process of ‘Matched unrelated donors bone marrow transplant’. For it, he needs to be taken to Robert Debre hospital in Paris.

The treatment may take around 4 months and cost around Rs 1.2 crore.

YOU CAN HELP HIM TOO:

The entire story can be read on ibnlive.com

Piyush Kolur’s four-month treatment is scheduled for mid-March, and his family still needs to raise over Rs 40 lakh. You can reach out by sending a cheque/ DD in favour of Maltesh Kolur to the following address:
Siddarth Nagar Housing Society,
Phase I, University Road,
Aundh, Pune – 411007, Maharashtra.
You can also call Maltesh Kolur on 09881138337.
You can also make a donation directly via internet.

Here are the details.