Indo Thai Securities IPO - An Indian IPO Blog Insight

Indo Thai Securities Limited has entered the capital markets with a Public issue of 40,00,000 Equity Shares of Rs.10/- each. The Issue would remain open for subscription between Sep 30, 2011 to Oct 5, 2011

The Price Band for the 100% Book Building Issue is fixed at Rs.70/- to Rs.84/- per equity share with a bid lot of 80 Equity Shares and in multiples thereof. Corporate Strategic Allianz Limited is the Book Running Lead Manager to the Issue with Hem Securities Limited being its Syndicate Member and Sharepro Services (India) Private Limited being the Registrar to the Issue


Company Profile:
Indo Thai Securities is an Indian Stock Broking Company providing trading services in Indian Equity Market (BSE and NSE), Future & Options and Currency Derivatives Segments. The company also provides depository services through Central Depository Services (India) Limited. Other services offered by Indo Thai Securities includes Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) from NSE. The company is promoted by Mr. Parasmal Doshi and Mr. Dhanpal Doshi

Indo Thai Securities Limited - A Company Profile

Indo Thai Securities is an Indian Stock Broking Company providing trading services in Indian Equity Market (BSE and NSE), Future & Options and Currency Derivatives Segments. The company also provides depository services through Central Depository Services (India) Limited. Other services offered by Indo Thai Securities includes Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) from NSE. The company is promoted by Mr. Parasmal Doshi and Mr. Dhanpal Doshi

According to the company's website, it offer services in following segments:

NSE - National Stock Exchange
• Capital market
• Future & Options
• Currency Derivative
• Mutual Fund Service System (MFSS)
• Interest Rate Futures (IRF)

BSE - Bombay Stock Exchange
• Capital market
• Future & Options

NCDEX - National Commodity and Derivative Exchange
• Commodity and Derivative

MCX - Multi Commodity Exchange
• Commodity and Derivative

MCX-SX - MCX Stock Exchange
• Currency Derivative

USE - United Stock Exchange
• Currency Derivative

ICEX - Indian Commodity Exchange
• Commodity and Derivative

ACE - Ace Derivatives & Commodity Exchange
• Commodity and Derivative

Depository Services
• Central Depository Services (India) Limited (CDSL)

Flexituff International IPO - Company Profile

Flexituff International Limited is engaged in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.

Company has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand). Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic

The promoters of the company are:
1. Kalani Industries Pvt Ltd (KIPL)
2. Miscellani Global Pvt Ltd (MGPL)
3. Sanovi Trading Pvt Ltd (STPL)

The product portfolio of the company according to its website is as under:
• High-end Bags for Food and Pharma industry
• Sift -proof Bags
• Baffle Bags
• Form-fitted Liner Bags
• Builder Bag / Tunnel-lift
• Single-loop Bags
• Sling Bags

Avoid M&B Switchgears IPO: Hem Securities Research Report

Hem Securities has come out with a Research Report on the upcoming IPO of M&B Switchgears Limited with an "AVOID" remark

According to the Report from Hem Securities, the company is bringing the issue at price band of Rs 180-186 which will convert into p/e multiple of more than 100 on post issue FY’11 EPS of Rs 0.39.
The company with relatively small scale of operation as compare to its large peers is into high working capital intensive business . Co also has negative fund flow from operations over the last two years. Also
company is looking very expensive at price band at which it is bringing the issue