rschochy's picture
From rschochy rss RSS  subscribe Subscribe

India E News September 9, 2009 Prospects Bright For Qualified Institutional Placements 

 

 
 
Tags:  qualified  institutional  placement 
Views:  451
Published:  November 21, 2009
 
0
download

Share plick with friends Share
save to favorite
Report Abuse Report Abuse
 
Related Plicks
Financial Express September 11, 2009

Financial Express September 11, 2009

From: pford
Views: 250 Comments: 0

 
Financial Chronicle September 15, 2009

Financial Chronicle September 15, 2009

From: akessiam
Views: 230 Comments: 0
Financial Chronicle September 15, 2009
 
Mint September 16, 2009

Mint September 16, 2009

From: anon-206485
Views: 276 Comments: 0
Mint September 16, 2009
 
The Times Of India October 13, 2009

The Times Of India October 13, 2009

From: utrsh63
Views: 125 Comments: 0
The Times Of India October 13, 2009
 
Deccan Chronicle September 22, 2009

Deccan Chronicle September 22, 2009

From: nap
Views: 219 Comments: 0

 
See all 
 
More from this user
Case Studies Satvinder Sandhu Communications Practitioner

Case Studies Satvinder Sandhu Communications Practitioner

From: rschochy
Views: 57
Comments: 0

The Repressed Memories of Iyan Igma

The Repressed Memories of Iyan Igma

From: rschochy
Views: 528
Comments: 0

The Hit

The Hit

From: rschochy
Views: 267
Comments: 0

Peripheral Europe   Where Next1

Peripheral Europe Where Next1

From: rschochy
Views: 392
Comments: 0

Paging Dr. Background Check

Paging Dr. Background Check

From: rschochy
Views: 125
Comments: 0

Hl7 news 201105051

Hl7 news 201105051

From: rschochy
Views: 212
Comments: 0

See all 
 
 
 URL:          AddThis Social Bookmark Button
Embed Thin Player: (fits in most blogs)
Embed Full Player :
 
 

Name

Email (will NOT be shown to other users)

 

 
 
Comments: (watch)
 
 
Notes:
 
Slide 1: Prospects bright for qualified institutional placements: Report Companies wanting to go the qualified institutional placement (QIP) route to generate funds will find encouragement in the fact that most earlier ventures have handed out more than modest returns to investors, according to a report. 'Since March 2009, current mark-to-market (MTM) value of all QIPs put together work out to an amount of Rs.23,208 crore, marking returns of more than 35 percent,' said a report by leading brokerage firm SMC Capitals. 'This also means that there will be takers for such issues, if companies come forward with reasonable valuations,' said SMC Capitals equity head Jagannadham Thunuguntla. QIP is a capital-raising tool whereby a listed company issues equity shares, fully and partly convertible debentures or securities other than warrants to institutional buyers. Mark-to-market is the accounting practice of recording the price or value of a security, portfolio or account to reflect its current market value rather than its book value. Between March and Sep 7, 24 QIPs raised about Rs.17,169.92 crore with the first issue from Unitech being the most successful. Unitech's QIP, which came in April, has given the highest return to its subscribers - a whopping 177.53 percent. The amount raised by the company was Rs.1,621.10 crore, which is now worth Rs.4,499.08 crore on MTM valuations. Unitech, in fact, came out with a second QIP, which again did well. The returns of the second issue at MTM valuation stand around 32 percent. Only five QIPs are trading below their issue price, SMC said. 'Unitech took a chance by going in for a QIP, when conditions were still uncertain. Since then, a lot of companies have found QIP to be the flavour of the season,' said Thunuguntla. Among other prominent QIPs providing more than modest returns are Shree Renuka Sugars (42.74 percent), Webel-SL Energy (42.73 percent), and Indiabulls Real Estate (38.16 percent). ( © IANS / India eNews) Page 1/1 © Copyright 2009 IndiaeNews.com. All Rights Reserved.

   
Time on Slide Time on Plick
Slides per Visit Slide Views Views by Location