The listing of three big initial public offers (IPOs) &mdash; JSW Energy, D B Corp and Godrej Property &mdash; this week would be yet another test for the lackluster primary markets.

Three new IPO listings this week to test markets

Business Standard

As the frequency of eating out or preference for fast food increases, players in the take-away or home-delivery space should benefit. Amongst the leading players is Jubilant FoodWorks (JFL), which operates pizza chain Domino&rsquo;s in the domestic market.

Pricey pizza

&ldquo;Higher IPO-graded companies typically tend to operate in higher growth industries, have superior management strengths and follow good corporate governance practices,&rdquo; says Chetan Majithia, Head, Crisil Equities.

Study confirms relation between IPO ratings, P/E multiples

While Syncom Healthcare has big plans to expand, it is a high risk bet considering its short track record and inexperience in overseas markets.

Still in the trial phase

While Vascon Engineers&rsquo; EPC capabilities provide comfort, success in the real estate business will depend on the company&rsquo;s ability to scale it up.

Regional focus

While the scope for third-party logistics is robust, maintaining its margins will be a tough act for Aqua Logistics.

Many delivery hurdles to cross

Initial public offerings (IPOs) in emerging nations are returning about 15 times more than IPOs in developed countries even as companies from China to Brazil flood the market with more shares than ever.

Emerging mkts beat others in IPO returns

Reason: Few issues have enabled investors to make listing gains.

Retail investors give IPOs a miss

This is one of the few IPOs to be oversubscribed in the retail category this year.

Investors lap up DB Corp IPO

Retail investors&rsquo; response to initial public offers (IPOs) from the power sector have been tepid. The Adani Power IPO, subscribed 21.64 times in all, was subscribed 2.97 times by retail investors. Indiabulls Power was subscribed 21.84 times overall, but only 1.09 times by retail investors. JSW Energy saw retail investors place bids for 32.7 million shares of the 81 million reserved for them.

Go for power IPOs only with a long-term horizon

Kolkata-based United Bank of India (UBI) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offer (IPO). The issue size will be Rs 50 crore. The bank had appointed SBI Capital Markets (lead merchant banker), Enam Securities and Edelweiss Capital as merchant bankers for the issue, T M Bhasin, executive director, UBI, said.

United Bank files for IPO

With profit-making not being the sole motive of public units, caution needs to be exercised while investing in their IPOs.

PSUs' peculiar problem

A strong brand, robust performance and healthy growth prospects provide comfort, but the IPO pricing caps any near-term gains.

Take a long holiday

MBL Infrastructures&rsquo; small size and concentrated order book outweigh the opportunities in the sector and make the stiffly priced offer unattractive.

A rough road

Indiabulls Power Ltd, partly owned by billionaire Lakshmi Mittal, got more than Rs 6,480 crore ($1.4 billion) of bids, or 5.8 times the shares being sold in its initial public offering (IPO).

Indiabulls Power IPO subscribed 5.8 times

In spite of miserable post-listing performance for most initial public offers (IPOs) this year, Thinksoft Global, which got listed on Monday, has surged 120 per cent from its listing price on the Bombay Stock Exchange (BSE).

Thinksoft up 120% in 3 days of listing

HDFC Mutual Fund is planning to float an initial public offer (IPO) by early 2010, industry officials said today.

HDFC Mutual likely to float IPO by early 2010

The revival of the initial public offer (IPO) market has prompted brokerages to re-start margin funding, a process by which they finance high net worth clients to subscribe to new issues.

Margin funding revives on the back of IPO market action

The Securities and Exchange Board of India (Sebi) has directed companies planning initial public offerings (IPOs) and their merchant bankers to pay commission to self-certified syndicate bankers (SCSBs) who process IPO applications for subscribers.

Self-certified syndicate bankers to get fee for IPO applications

The initial public offer (IPO) of NHPC, the state-run hydropower producer, was subscribed 3.54 times on the opening day yesterday. The IPO has drawn a lot of attention from various categories of investors despite the offer coming at a price to earnings (P/E) multiple of 30-36 times of its 2008-09 earnings.

NHPC IPO gains from good show by other PSU issues

Sebi should change the way issues are graded, say experts.

IPO grading system fails to produce desired results

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