FIRST CHOICE, RIGHT CHOICE

In the last week of April, six IPOs rushed to the market, to escape new SEBI guide lines which came in to effect from 1-May-2010.

Nitesh Estates limited offered shares at Rs 54/- now quoting at Rs 38/- almost 30% down.

Next was Tarapur Transformers. The shares were issued at Rs 75/- now 44% down quoting at Rs42/-.

Then came the big ticket IPO - JayPee infra. The shares were offered at Rs 102. On the listing day itself the shares were down more than 10% from the issue price.


FIRST CHOICE HAD RECOMMENDED TO STAY AWAY FROM THE ABOVE ISSUES. RIGHT CALL. EVERY TIME.

Mandhana Industries and SJVN Limited's IPOs were recommended for subscription. Both are trading above the offer price. (SJVNL - taking discount offered in to account).

TARA HEALTH FOODS - First choice had recommended to keep 100 km distance. The issue bombed.


AGAIN THE CALLS WERE CORRECT. THEN, WHY SEARCH ELSE WHERE FOR IPO ANALYSIS.
LOG ON TO FIRSTCHOICEIPOANALYSIS.COM

IPO INVESTING- KNOW YOUR MERCHANT BANKER

The IPOs which are quoting below the issue price and

the BRLMs associated with the issues that are listed

from 01-01-10 and until date, are furnished below.

NAME OF ISSUER	ISSUE PRICE	CURRENT PRICE - AS ON 03-05-10.	MERCHANT BANKERS/BRLM
SYNCOM	RS 75	RS64	Chartered Capital
VASCON	RS 165	RS 153	Kotak Mahindra, Enam Securities
EMMBI	RS 45	RS18	Keynote
DB REALTY	RS 468	RS 436	Enam Securities, Kotak Mahindra
HATHWAY	RS 240	RS 209	Morgan Stanley, UBS Securities, Kotak Mahindra
TEXMO PIPES	RS 90	RS 62	Almondz Global
PRADIP OVERSEAS	RS 110	RS 87	ANAND RATHI
SHREE GANESH JEWELLER	RS 260	135	Axis Bank Ltd.  ICICI Securities Ltd.  Avendus Capital
GOENKA DIAMONDS	RS 135	101	SBI CAPS
INTRASOFT	RS 145	130	Collins Stewart, Anand Rathi

CASTE BASED CENSUS

The Center has agreed to caste – based census as pressurized by the Yadav trio. The UPA has wafer thin majority in LS, RJD and SP who have twenty-five MPs, are extending outside support to the government. Their support is necessary to pass nuclear liability bill for which, there is strong opposition from the BJP and the Left parties. However, the Yadav trios are ignoring the writing on the wall, which is very clear. The next election  either at the state or center will be fought on the issue of development, providing basic amenities in the rural area like- education, housing, health, infrastructure and reforms, among others. The days winning elections only based on caste, religion/region is over. The young, educated and informed voters, who constitute more than 70% of the total electorate, is definitely not going to exercise their franchise based on caste considerations. The Yadavs have to adopt themselves to the changed political dynamics. Otherwise, they are, probably serving their last tenure in the Lok Sabha.

The new census should be used for the statistical purposes and for monitoring the various programme and policies of the government and the political parties should stop using the same for vote bank politics.

Investor Awareness initiatives through long distance Trains by NSE

After pioneering many initiatives to safeguard the interests of investors, India’s premier stock exchange, the National Stock Exchange has rolled out a unique initiative to promote investor awareness, literally on wheels. This is the first time that a stock exchange is conducting a mass outreach programme through the outdoor medium.


The programme was kick started on board the iconic Rajdhani Express today. The Delhi Chennai NSE Rajdhani was launched at the Nizamuddin station in the capital by the Chief Guest Mr. Prashant Saran, whole time member of SEBI. NSE’s MD and CEO Mr. Ravi Narain was also present on the occasion.



Starting today, the Delhi Chennai Rajdhani, the Delhi Bengaluru Rajdhani and the Delhi Trivandrum Rajdhani will run coaches that will carry NSE’s campaign on investor awareness. The coaches will be used on the three routes at different times of the week.



The 17 coaches have been splashed with the images of Nifty, NSE’s flagship index. Inside, important investor awareness messages have been given on panels. The motto of the campaign is soch kar, samajh kar, invest kar, a message to invest carefully.



The coaches also feature key information to investors on care to be taken before, during and after trading. These would include a list of crucial do and don’ts, importance of filling up Know Your Customer completely and correctly, important things to note while transacting on-line and understanding matters related to power of attorney, etc.

The campaign seeks to demystify Nifty 50 through pictographs and comic strips. An attempt is being made to spread awareness among investors on various products traded on NSE including Nifty futures and options, equities, equity futures and options, mutual funds, currency futures and exchange traded funds.

These messages will also be provided through audio visual messages inside the train. The idea is to empower the market participants and enhance the trading experience through focussed and relevant market-related education. The campaign is expected to cover over 2 lakh fifty thousand passengers crossing 34 locations across eleven states.