IPOs in December 2012

With the successful IPO issue of Mumbai based Tara Jewels, IPO market seems to have seen the light at the end of the tunnel. The issue, which closed on 23rd November, was oversubscribed 1.97 times. 

There are some five to six IPOs lined up for subscription in December which includes popular names like Bharti Infratel and CARE among others. Following are the details of issues up for grab in the following month:

Veto Switchgears

Issue Size: Rs 25 cr

Timeline: 3rd December 2012

The Co. Manufactures and sells wires, cables and electrical accessories, has a diversified product basket, which includes around 20 product categories.

Bharti Infratel

Issue Size: Rs 5000 cr

Tentative Timeline:11th December 2012

The Compnay is one of the largest tower infrastructure providers in India, based on the number of towers that Bharti Infratel owns and operates.

PC Jewelers

Issue Size: Rs 575 cr

Tentative Timeline: December 1st week

Delhi-based jeweler, which currently has 20 stores, the brand has many showrooms in 8 states of India.

CARE

Issue Size: Rs 500 - 700 cr

Tentative Timeline: 4th week of December

CARE is a popular Rating Agency in India having competition with CRISIL and ICRA.

IFCI Factors

Issue Size: Rs 175 - 200 cr

Tentative Timeline: December-January

The Co. is a leading financial institution of India. Products and services include Domestics sales factoring, purchase bill discounting, export sales bill discounting and corporate loan.

V Mart

Issue Size: Rs150 - 200 cr

Tentative Timeline: Dec

Chain of “Value Retail” departmental store located more than 59 stores across 51 cities including metro cities with a total area of more than 4 lac sq.ft.