Dhanuka Commercial Ltd IPO

Incorporated in 1994, Dhanuka Commercial Ltd is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.

The company wants to expand its portfolio of products and services by introducing products such as Loans against Property, IPO Funding, Financial and Management Consultancy in addition with the existing products of Unsecured ICDs and Loans and Personal Loans. They plan to continue to sell their products and services to existing corporate client base and further target other High Net Worth Individuals and Firms with impeccable credit track record to whom the company may advance funds both secured/ unsecured based on the risk profile and as envisaged in the loan policy of the company.

Company Promoters:

The Promoters of the Company the are:

1. Mr. Sanjeev Mittal
2. Mr. Mahesh Kumar Dhanuka
3. Mr. Gopal Krishan Bansal

Objects of the Issue:

The Object of the Issue is to raise funds for:

1. To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to their NBFC activities; and
2. To meet Issue related Expenses.

Issue Detail:

  »»  Issue Open: May 22, 2014 - May 28, 2014
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 4,440,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 4.44 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 10 Per Equity Share
  »»  Market Lot: 10000 Shares
  »»  Minimum Order Quantity: 10000 Shares
  »»  Listing At: BSE SME

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SPS Finquest Ltd IPO (SPS Finquest IPO) Detail

Incorporated in 1996, SPS Finquest Ltd is a Non-Banking Finance Company (NBFC-ND) engaged primarily in the business of advancing loans and investing/trading in securities. Company provides loans against securities and also in financing investments and trading in securities and thus is in high risk low income field.

SPS Finquest Ltd is a part of SPS group and proposes to provide loan products like IPO financing and loan against gold and commodities etc. Company provides its shareholders with the opportunity to participate in a diverse portfolio of investments and gain access to a defined investment process and the investment experience of the management team. Company is the NBFC Arm promoted by the Shah Family in order to carry out their financing and investment activities and in order to bring in the benefits of synergies from their brokerage and other businesses.

Company Promoters:

The promoters of the company are:

1. Mr. Pramod P. Shah
2. Mr. Sandeep P.Shah

Objects of the Issue:

The Objects of the Issue are:

1. To augment their capital base and to repay existing high interest cost debt.
2. To meet the issue related expenses.

Issue Detail:

  »»  Issue Open: May 21, 2014 - May 23, 2014
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,344,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 25.08 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 75 Per Equity Share
  »»  Market Lot: 1600 Shares
  »»  Minimum Order Quantity: 1600 Shares
  »»  Listing At: BSE SME

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Alibaba rival JD.com to be valued up to $24.6 bln in IPO

JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said it expected to price its initial public offering of American depositary shares at USD 16-USD 18 each, valuing the company at up to USD 24.6 billion. The company said the sale of 93.7 million ADS was expected to raise about USD 1.69 billion at the top end of the price range.  JD.com is offering 69 million ADS in the offering, while the rest is being offered by selling stockholders. Earlier this week, Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an IPO prospectus , the first step in what could be the largest technology debut in history.

JD.com and other web-based retailers operate in the sizeable shadow of Alibaba, which controls nearly 80 percent of China's internet shopping market. JD.com, earlier known as 360Buy, has raised USD 2.23 billion in the past six years from investors including the Ontario Teachers' Pension Plan and Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Co. The company counts hedge fund Tiger Global Management and DST Global funds among others among its top stakeholders. JD.com, like a number of other Chinese companies listing in the United States, relies on a little-tested legal structure called "variable interest entity" that gives an investor economic interest but no ownership. The company plans to list its ADSs on the Nasdaq under the symbol "JD". Merrill Lynch, Pierce, Fenner & Smith and UBS Securities are lead underwriters to the offering.

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Wonderla debuts at Rs 165/share; rises 36% over issue price

Bangalore-based  Wonderla Holidays  debuted at the bourses on Wednesday at Rs 164.75 per share. It touched day’s high of Rs 170 in early trade, up 36 percent over its issue price of Rs 125. The amusement park company entered the primary market offering 1.45 crore equity shares, including 21,75,000 equity shares bought by anchor investors, in a price band of Rs 115-125 each. 

The company raised about Rs 27 crore from the anchor investors. Proceeds from the issue will be used to set up an amusement park in Hyderabad, the company's third after Bangalore and Kochi, and for general corporate purposes. Wonderla is promoted by Arun Kochouseph Chittilappilly and Kochouseph Chittilappilly, who founded V-Guard Industries. The promoters hold a 95.48 percent stake in the company and the remaining 4.52 per cent is with employees of the firm and group companies. 

Wonderla commissioned its first amusement park in Kochi in 2000 and the second in Bangalore in 2005. At 10:13 hrs, the stock was at Rs 156.50 on the BSE.

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Wonderla Holidays IPO Listing Date

Wonderla Holidays Ltd IPO shares will list on Friday, May 09, 2014. The issue was open on Apr 21, 2014 and closed for subscription on Apr 23, 2014. The equity shares of the issue are proposed to be listed on the BSE and NSE.

Wonderla Holidays IPO Listing Date

Listing Date: Friday, May 09, 2014
BSE Scrip Code: 538268
NSE Symbol: WONDERLA
Listing In: 'T' Group of Securities
ISIN: INE066O01014
Issue Price: Rs. 125.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

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Wonderla Holidays IPO finally subscribed 38.06 times

The Initial Public Offer of Wonderla Holidays finally subscribed 38.06 times on it's closing day. Wonderla Holidays IPO was open on Apr 21, 2014 and closed today on Apr 23, 2014 for subscription. Wonderla Holidays has received bids for 46,90,78,000 shares as against issue size of 1,23,25,000 shares.
Category wise subscription figures:
Qualified Institutional Buyers (QIBs): 16.71 Times
Non Institutional Investors: 159.04 Times
Retail Individual Investors (RIIs): 7.55 Times

Total: 38.06 Times

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Wonderla Holidays Ltd IPO (Wonderla Holidays IPO) Detail

Incorporated in 2002, Wonderla Holidays Ltd is one of the largest operators of amusement parks in India. Currently, Wonderla Holidays own and operate two amusement parks under the brand name 'Wonderla', situated at Kochi and Bangalore and are in the process of setting up their third amusement park in Hyderabad. They also own and operate a resort beside the amusement park in Bangalore under the brand name 'Wonderla Resort' which has been operational since March 2012.

Wonderla amusement parks offers a wide range of water and land based attractions catering to all age groups. They have 22 water based attractions and 34 land based attractions at Wonderla Kochi, situated on 92.95 acres of land and 20 water based attractions and 33 land based attractions at Wonderla Bangalore, situated on 81.75 acres of land. Wonderla Resort is a 'Three Star' leisure resort located beside their amusement park in Bangalore comprising of 84 luxury rooms, with amenities including banquet halls, a board room, conference rooms, a multi-cuisine restaurant, a solar heated swimming pool, recreation area, kids activity centre and a well equipped gym.

Company Promoters:

The Promoters of the Company are:

1. Mr Kochouseph Chittilappilly
2. Mr Arun Kochouseph Chittilappilly

Company Financials:

Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-13	31-Mar-12	31-Mar-11	31-Mar-10	31-Mar-09
Total Income	13,917.43	11,452.29	9,121.70	6,975.17	6,330.76
Profit After Tax (PAT)	3,348.08	2,986.73	3,152.15	938.08	1,103.08

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects: 

1. To set up an amusement park in Hyderabad; and
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Apr 21, 2014 - Apr 23, 2014
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 14,500,000 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 166.75 - 181.25 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 115 - Rs. 125 Per Equity Share
  »»  Market Lot: 100 Shares
  »»  Minimum Order Quantity: 100 Shares
  »»  Listing At: BSE, NSE

Wonderla Holidays IPO Grading

This Issue has been graded by CRISIL Limited as CRISIL IPO Grade 4/5, indicating that the fundamentals of the Issue are above average relative to other listed equity securities in India. The IPO grading is assigned on a five point scale from 1 to 5 with an IPO grade 5 indicating strong fundamentals and IPO grade 1 indicating poor fundamentals.

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