PROCESSING STATUS OF DRAFT OFFER DOCUMENTS FILED WITH SEBI DURING THE FINANCIAL YEAR 2009-10

(Status as on March 25, 2011)

 

1.           SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 require every issuer, being an unlisted company desirous of making an initial public offer and a listed company desirous of making a rights issue for a value exceeding Rs. 50 lacs or a public offer, to file a draft offer document with SEBI through a merchant banker(s). The merchant banker(s) correspond with SEBI on behalf of the issuer.

 

2 In terms of the Regulations, SEBI may issue Observations on a draft offer document filed with it within 30 days from the later of the following dates:

 

(a)        the date of receipt of the draft offer document under sub-regulation (1); or

 

(b)        the date of receipt of satisfactory reply from the lead merchant bankers, where the Board has sought any clarification or additional information from them; or

 

(c)        the date of receipt of clarification or information from any regulator or agency, where the Board has sought any clarification or information from such regulator or agency; or

 

(d)        the date of receipt of a copy of in-principle approval letter issued by the recognised stock exchanges.

 

3.           In terms of General Order no. 1 of 2006, viz., SEBI (Issuance of Observations on Draft Offer Documents Pending Regulatory Actions) Order, 2006, issued by SEBI on December 8, 2006, under certain circumstances, SEBI is obligated to keep issuance of Observations in abeyance for a period of 45 days or 90 days, as the case may be. Any time taken by entities/notice(s), being the issuer/its promoter(s)/director(s)/group companies against whom showcause notice has been issued by SEBI, shall be excluded while computing the period of 90 days.

4.           Certain abbreviations have been used in the report, the meaning of which is as under:

IPO (Fresh) = Initial public offer through issue of shares

IPO (Offer for Sale (OFS)) = Initial public offer through offer for sale of existing shares

IPO (Fresh + OFS) = Initial public offer through issue of shares as well as offer for sale of existing shares

FPO (Fresh) = Public offer by a listed company through issue of shares

FPO (Fresh + OFS) = Public offer by a listed company through issue of shares as well as offer for sale of   existing shares

FPO (OFS) = Public offer by a listed company through offer for sale of existing shares

RI = Rights issue by a listed company, for a value in excess of Rs. 50 lacs

Composite Issue = Public offer cum rights issue by a listed company

SE = Stock Exchange

OD = Offer Document

LM = Lead Manager to the Issue

Coordinating LM (Pre-issue) = Lead Manager responsible for coordinating with SEBI in respect of the offer document.

5.           This report is for the limited purpose of informing the processing status of draft offer documents filed with SEBI. For any further details, issuer / public may contact the LM(s) concerned.

6.           In the report, draft offer documents on which Observations have been issued or which have been withdrawn / closed have been highlighted in grey colour for easy reference.

7.           Given below is the processing status of draft offer documents filed with SEBI on or after APRIL 01, 2009. The status is as on March 25, 2011. The report is being updated on a weekly basis and the status as on April 01, 2011 would be uploaded on the SEBI website on the next working day.

Sl. No.

Issuer company

Coordinating LM (Pre-issue)

Type of Issue

Draft OD receipt date

Processing Status

 
 

1

Fortis Healthcare Limited

Enam Securities Private Limited

RI

Apr-02-2009

Observations issued on June-22-2009.

 

2.

Infomedia 18 Limited

ICICI Securities Limited

RI

Apr-15-2009

Observations issued on November-17-2009.

 

3.

JMC Projects(India) Limited

Collins Stewart Inga Pvt. Limited

RI

Apr-16-2009

Observations issued on July-09-2009.

 

4.

The Tinplate Company of India Limited

Citigroup Global Markets India Private Limited

RI

Apr-17-2009

Observations issued on August-20-2009.

 

5.

Adani Power Limited

DSP Merill Lynch

IPO

Apr-20-2009

Observations issued on June-19-2009.

 

6.

Morarjee Textiles Limited

Enam Securities Private Limited

RI

Apr-21-2009

Observations issued on August-26-2009.

 

7.

Greycells Entertainment Limited

Centrum Capital Limited

RI

Apr-22-2009

Observations issued on September-07-2009.

 

8.

Piramal Glass Limited

Kotak Mahindra Capital Company Limited

RI

Apr-24-2009

Observations issued on July-31-2009.

 

9.

Kabirdass Motor Company

Keynote Corporate Services Limited

IPO

Apr-27-2009

Observations issued on March -09-2010.

 

10.

Greenply Industries Limited

Enam Securities Private Limited

RI

Apr-29-2009

Observations issued on August 14, 2009

 

11.

Television Eighteen India Limited

ICICI Securities Limited

RI

May-15-2009

Observations issued on September-04-2009.

 

12.

Diamant Investment And Finance Limited

Ashika Capital Limited

RI

June -29-2009

Withdrawn by LM vide letter dated January 11, 2010.

 

13.

Visagar Polytex Limited

Aryaman Financial Services Ltd

RI

June-30-2009

File closed on August-04-2009 for non-compliance of SEBI (DIP) Guidelines, 2000.

 

14

Ashiana Housing Limited

VC Corporate Advisors Pvt. Ltd

RI

July-07-2009

Observations issued on September-11-2009.

 

 

15

Sai Silks Kalamandir Limited

Vivro Financial Services Pvt. Limited

IPO

July-09-2009

Withdrawn by LM vide letter dated March-02-2011

 

16

Maral Overseas Limited

D and A Financial Services Private Limited

RI

July-13-2009

Withdrawn by LM vide letter dated October-07-2009.

 

17

Indiabulls Power Limited

Morgan Stanley India Company Private Limited.

IPO

July-15-2009

Observations issued on September-25-2009.

 

 

18

Vipul Impex & Infrabuild Limited.

Almondz Global Securities Limited

IPO

July-17-2009

Withdrawn by LM vide letter dated September-11-2009.

 

19

Sadbhav Engineering Limited

Collins Stewart Inga Pvt. Limited.

RI

August-07-2009

Observations issued on April-21, 2010.

 

 

20

Den Networks Limited

Deutsche Equities India Private Limuited

IPO

August-07-2009

Observations issued on October-14-2009.

 

 

21

Thangamayil Jewellery Limited

Keynote Corporate Services Limited

IPO

August-07-2009

Observations issued on December 12, 2009

 

22

D B Corp Limited

Enam Securities Private Limited

IPO

August -13-2009

Observations issued on November -27-2009.

 

 

23

JSW Energy Limited

J M Financial Consultants Pvt. Limited

IPO

August -13-2009

Observations issued on November-06-2009.

 

 

24

Lakshmi Vilas Bank

Standard Chartered-STCE Capital Market Limited

RI

August-17-2009

Observations issued on September-23-2009.

 

25

Cox And Kings (INDIA) Limited

India Infoline Limited

IPO

August-21-2009

Observations issued on September-24-2009.

 

26

ARSS Infrastructure Projects Limited

IDBI Capital Market Services Limited

IPO

August-21-2009

Observations issued on December 14, 2009

 

27

City Union Bank Limited

Edelweiss Capital Limited

RI

August-28-2009

Observations issued on October-16-2009.

 

28

Hinduja Foundries Limited

HDFC Bank Limited

RI

September -01-2009

Observations issued on January 20, 2010.

 

29

Birla Shloka Edutech Limited

Ashika Capital Limited

FPO

September-02-2009

Observations issued on December-01-2009.

 

30

Swaraj Mazda

JM Financial Consultants Private Limited.

RI

September-16-2009

Observations issued on December 16, 2009

 

31

Emmbi Polyarns

Limited

Keynote Corporate Services Limited

IPO

September-22-2009

Observations issued on December 30, 2009

 

32

Ashoka Buidcon Limited-Refiled

IDFC-SSKI Limited,

Enam Securities Limited

IPO

September-22-2009

Observations issued on April 15, 2010.

 

33

Reliance Infratel Limited

JM Financial Consultants Private Limited

IPO

September-25-2009

Observations issued on January 11, 2010.

 

34

IBN 18 Broadcast Limited

ICICI Securities Limited

RI

September-25-2009

Observations issued on February 05, 2010.

 

35

Goenka Diamond & Jewels Limited

SBI Capital Markets Limited.

IPO

September-25-2009

Observations issued on March 05, 2010

 

36

Aqua Logistics Limited

Saffron Capital Advisors Private Limited

IPO

September-25-2009

Observations issued on December 30, 2009

 

37

Ambiance Limited

JM Financial Consultants Private Limited

IPO

September-25-2009

Observations issued on February 04, 2010.

 

38

Shree Ganesh Jewellery House Limited

Axis Bank Limited

IPO

September-25-2009

Observations issued on January 25, 2010.

 

39

Vascon Engineers Limited

Kotak Mahindra Capital Company Limited

IPO

September-29-2009

Observations issued on January 13, 2010.

 

40

PCI Limited

SPA Merchant Bankers Limited

IPO

September-29-2009

Observations issued on February 19, 2010.

 

41

Lodha Developers Limited

Enam Securities Private Limited

IPO

September-29-2009

Observations issued on January 21, 2010.

 

42

Emaar MGF Land Limited

Kotak Mahindra Capital Company Limited

IPO+OFS

September-29-2009

Observations issued on February 18, 2010.

 

43

Hathway Cable & Datacom Limited

Morgan Stanley India Company Private Limited

IPO

September-29-2009

Observations issued on January 13, 2010

 

44

Midfield Industries Limited

Atherstone Capital Markets Limited

IPO

September-29-2009

Observations issued on April-23, 2010.

 

 

45

IL & FS Transportation Networks Limited

Enam Securities Private Limited

IPO

September-29-2009

Observations issued on January 20, 2010.

 

46

Mandhana Industries Limited

Edelweiss Capital Limited

IPO

September-29-2009

Observations issued on March 12, 2010.

 

47

Uttam Sugar Mills Limited

SPA Merchant Bankers Limited

RI

September-29-2009

Observations issued on December 23, 2009

 

48

Gravita India Limited

Keynote Corporate Services Limited

IPO

September-29-2009

Observations issued on May 24, 2010.

 

 

49

Rosmerta Technologies Limited

Keynote Corporate Services Limited

IPO

September-30-2009

Withdrawn by LM vide letter dated March 11, 2011

 

 

50

Sahara Prime City Limited

Enam Securities Private Limited

IPO

September-30-2009

Clarifications awaited from LM(s) [Refer para 2(b) above]

 

51

Intellivate Capital Ventures Limited

Arihant Capital Markets Limited

RI

September-30-2009

Observations issued on January 18, 2010.

 

52

DQ Entertainment (International) Limited

SBI Capital Markets Limited

IPO

September-30-2009

Observations issued on January 25, 2010.

 

53

Gulf Oil Corporation Limited

Edelweiss Capital Limited

RI

September-30-2009

Observations issued on March 19, 2010.

 

 

54

Glenmark Generics Limited

Enam Securities Private Limited

IPO

September-30-2009

Observations issued on March 08, 2010.

 

55

D B Realty Limited

Enam Securities Private Limited

IPO

September-30-2009

Observations issued on January 20, 2010.

 

56

Cantabil Retail India Limited

SPA Merchant Bankers Limited

IPO

September-30-2009

Observations issued on April 07, 2010.

 

57

Dewas Metal Sections Limited

Arihant Capital Markets Limited

RI

September-30-2009

Observations issued on February 26, 2010.

 

58

Kumar Urban Development Limited

Enam Securities Private Limited

IPO

September-30-2009

Observations issued on March 22, 2010.

 

59

Ankita Knit Wear Limited

Aryaman Financial Services Limited

IPO

September-30-2009

Observations issued on February 26, 2010.

 

60

REI Agro Limited

SBI Capital Markets Limited

RI

September-30-2009

Observations issued on April 08, 2010.

 

61

Man Infra Construction Limited

IDFC-SSKI Limited

IPO

October-12-2009

Observations issued on January 22, 2010.

 

62

Sand Plast (India) Limited

Sobhagya Capital Options Limited.

RI

October-12-2009

Withdrawn by LM.

 

 

63

Jubilant Foodworks Limited

Kotak Mahindra Capital Company Limited

IPO

October-12-2009

Observations issued on December 22, 2009

 

64

Tara Health Foods Limited

Atherstone Capital Markets Limited

IPO

October-16-2009

Observations issued on April 06, 2010.

 

65

Jayshree Chemicals Limited

VC Corporate Advisors Pvt. Limited

RI

October-23-2009

Observations issued on January-25-2010

 

66

Godrej Properties Limited-Refiled

ICICI Securities Limited

IPO

October-23-2009

Observations issued on November-23-2009.

 

 

67

Sterlite Energy Limited

Kotak Mahindra Capital Company Limited

IPO

October-30-2009

Observations issued on April 05, 2010.

 

68

Intrasoft Technologies Limited

Collins Stewart Inga Private Limited

IPO

November-04-2009

Observations issued on February 22, 2010.

 

69

Andhra Pradesh Paper Mills Limited

Axis Bank Limited

RI

November-12-2009

Observations issued on February-11-2010

 

70

Everest Infra Energy Limited

Microsec Capital Limited

IPO

November-13-2009

Withdrawn by LM vide letter dated March 26, 2010

 

71

ISF Limited

SPA Merchant Bankers Limited

RI

November 16, 2009

Withdrawn by LM vide letter dated December 24, 2009

 

 

72

PNC Infratech Limited

Enam Securities Private Limited

IPO

November 23, 2009

Observations issued on February 02, 2010.

 

73

Nitesh Estates Limited

ICICI Securities Limited

IPO

November 26, 2009

Observations issued on January 22, 2010.

 

74

Kavveri Telecom Products Limited

Karvy Investor Services Limited

RI

November 30, 2009

Withdrawn by LM vide letter dated March 10, 2010

 

75

Prestige Estates Projects Limited

Enam Securities Private Limited

IPO

November 27, 2009

Observations issued on April 13, 2010.

 

76

Arihant Superstructures Limited

Fortune Financial Services (India) Limited

RI

December,01, 2009

Observations issued on February 05, 2010

 

77

Rural Electrification Corporation Limited

Kotak Mahindra Capital Company Limited

FPO

December,01, 2009

Observations issued on December 31, 2009

 

78

Jaypee Infratech Limited

Morgan Stanley India Company

Private Limited

IPO

December,01, 2009

Observations issued on April 12, 2010.

 

79

Tarapur Transformers Limited

Comfort Securities Private Limited

IPO

December,08, 2009

Observations issued on March 26, 2010

 

80

Fineotex Capital Limited

Indbank Merchant Banking Servces Limited

IPO

December,08, 2009

Withdrawn by LM vide letter dated March 08, 2010.

 

81

Talwalkars Better Value Fitness Limited

India Infoline Limited

IPO

December,15, 2009

Observations issued on April 05, 2010.

 

82

Fatpipe Networks India Limited

Keynote Corporate Services Limited

IPO

December,16, 2009

Observations issued on March 10, 2010

 

83

Adani Enterprises Limited

ICICI Securities Limited

RI

December,17, 2009

Observations issued on March 05, 2010

 

84

Gallantt Ispat Limited

Anand Rathi Advisors Limited

IPO

December,18, 2009

Observations issued on August 12, 2010

 

85

Sumatex Limited

Ashika Capital Limited

IPO

December,18, 2009

Observations issued on December 01, 2010

 

86

Videocon Industries Limited

SBI Caps Limited

RI

December,18, 2009

Observations issued on March 09, 2010

 

87

Comfort Intech Limited

Dalmia Securities Limited

RI

December,18, 2009

Observations issued on March 15, 2010

 

88

Asian Electronics Ltd

Transwarranty Capital Private Limited.

RI

December,21, 2009

Observations issued on August 25, 2010

 

89

APW President Systems Limited

Keynote Corporate Services Limited.

RI

December,21, 2009

Observations issued on April-26, 2010.

 

 

90

Aster Silicates Limited

Saffron Capital Advisers Private Limited

IPO

December 21, 2009

Observations issued on May-24, 2010.

 

 

91

State Bank of Mysore

Trust Investment Advisors Private. Limited

RI

December,24, 2009

Observations issued on July 28, 2010.

 

 

92

Tirupati Inks Limited

Ashika Capital

FPO

December,24, 2009

Observations issued on August-12, 2010.

 

 

93

BPTP Limited

IDFC-SSKI

IPO

December,24, 2009

Observations issued on May-03, 2010.

 

 

94

Jindal Power Limited

JM Financial Consultants Private Limited

IPO

December,29, 2009

Observations issued on May 28, 2010.

 

 

95

Neptune Developers Limited

Enam Securities Pvt. Limited

IPO

December,29, 2009

Observations issued on April-29, 2010

 

96

Gujarat Pipavav Port Limited

IDFC-SSKI Limited

IPO

December,29, 2009

(Revised document filed on April 08, 2010.)

Observations issued on June 28, 2010.

 

97

United Bank Of India

SBI Capital Markets Limited

IPO

December,30, 2009

Observations issued on February 09, 2010

 

98

Persistent Systems Limited

Enam Securities Pvt. Limited

IPO

December,30, 2009

Observations issued on February 26, 2010

 

99

EROS International Media Limited

Enam Securities Pvt. Limited, Kotak, Morgan Stanely and RBS

IPO

December,30, 2009

Observations issued on July 27, 2010

 

100

Indo Solar Limited

Enam Securities Pvt. Ltd

IPO

January 13, 2010

Observations issued on April-20, 2010.

 

101

Elpro International Limited

Keynote Corporate Services Limited

RI

January 14, 2010

Observations issued on September 06, 2010.

 

102

Oberoi Realty Limited

Kotak Mahindra Capital Company Limited

IPO

January 18, 2010

Observations issued on March 09, 2010

 

103

Technofab Engineering Limited

Collins Stewart Inga

IPO

January 18, 2010

Observations issued on May 11, 2010

 

104

Raunaq International Limited

D&A Financial Services Pvt. Limited

RI

January 19, 2010

Observations issued on March 30, 2010

 

105

RamKaashyap Investments Limited

Vivro Financial Services Limited

RI

January 22, 2010

Observations issued on July  22, 2010

 

106

Parabolic Drugs Limited

Avendus Capital Private Limited

IPO

January 22, 2010

Observations issued on April 19, 2010

 

107

NMDC Limited

UBS Securities India Private

Limited

FPO

January 25, 2010

Observations issued on February 15, 2010

 

108

Kemrock Industries and Exports Limited

Pioneer InvestCorp Limited

RI

January 29, 2010

Withdrawn by LM vide letter dated March 15, 2010

 

109

Asian Business Exhibition & Conferences Limited

Anand Rathi Advisors Limited

IPO

January 29, 2010

Observations issued on May 14, 2010

 

110

Premier Energy and Infrastructure Limited

Vivro Financial Services

RI

February 03, 2010

Observations issued on April 23, 2010

 

111

ECE Industries Limited

ENAM Securities Pvt. Limited.

RI

February 03, 2010

Observations issued on May 06, 2010

 

 

112

Inventure Growth & Securities Limited

Intensive Fiscal Services Private Limited

IPO

February 15, 2010

Observations issued on July 30, 2010

 

113

Mittal Corp Limited

IDBI Capital Market Services Limited

IPO

March 22, 2010

Withdrawn by LM vide letter dated October 05, 2010.

 

114

Gyscoal Alloys Limited

Chartered Capital and Investment Limited

IPO

February 24, 2010

Observations issued on June 14, 2010.

 

 

115

Careerpoint Infosystems Limited

Centrum Capital Limited

IPO

February 24, 2010

Observations issued on May 24, 2010

 

 

116

Camlin Fine Chemicals Limited

Keynote Corporate Services Limited.

RI

February 24, 2010

Observations issued on July 02, 2010.

 

117

Sel Textile Limited

Saffron Capital Advisors Private Limited

IPO

February 25, 2010

Observations issued on September 09, 2010

 

118

SJVN Limited

JM Financial Consultants Private Limited

OFS

February 26, 2010

Observations issued on March 31, 2010.

 

119

Bajaj Corp Limited

Kotak Mahindra Capital Company Limited

IPO

February 26, 2010

Observations issued on June 22, 2010.

 

120

Hindustan Media Ventures Limited

Edelweiss Capital Limited

IPO

March 05, 2010

Observations issued on April 23, 2010.

 

121

Va Tech Wabag Limited

ENAM Securities Pvt. Limited.

IPO

March 15, 2010

Observations issued on July 07, 2010.

 

122

Acropetal Technologies Limited

Saffron Capital Advisors Private Limited

IPO

March 17, 2010

Observations issued on June 28, 2010.

 

123

Bedmutha Industries Limited

Keynote Corporate Services Limited

IPO

March 18, 2010

Observations issued on June 30, 2010

 

124

Aaray Drugs & Pharmaceuticals Limited

Transwarranty Capital Private Limited.

RI

March 18, 2010

File closed on August-30-2010.

 

125

Microsec Financial Services Limited

SBI Capital Markets Limited

IPO

March 23, 2010

Observations issued on August 05, 2010.

 

126

Rushil Décor Limited

Corporate Strategic Allianz Limited

 

IPO

March 25, 2010

Under Process [Refer para 2(b) above]

 

127

RDB Rasayans  Limited

Chartered Capital and Investment  Limited

IPO

March 25,2010

Refer para 2(c) above

 

128

SKS Microfinance Limited

Kotak Mahindra Capital Company Limited

IPO

March 25,2010

Observations issued on July 06, 2010

 

129

Prakash Steelage Limited

Keynote Corporate Services Limited

IPO

March 25,2010

Observations issued on June 16, 2010.

 

 

130

Electrosteel Integrated Limited

Edelweiss Capital Limited

IPO

March 25,2010

Observations issued on July 26, 2010.

 

 

131

Gujarat State Petroleum Corporation Limited.

JM Financial Consultants Private Limited

IPO

March 25,2010

Observations issued on May 10, 2010.

 

 

132

Commercial Engineers & Body Builders Co Limited

ICICI Securities Limited

IPO

March 29,2010

Observations issued on August 30, 2010.

 

133

Ramky Infrastructure Limited

Enam Securities Private Limited

IPO

March 29,2010

Observations issued on June 30, 2010

 

134

Ravi Kumar Distillers Ltd

Comfort Securities Pvt. Limited

IPO

March 30, 2010

Observations issued on September 14, 2010.

 

135

Avantha Power & Infrastructure Limited

Enam Securities Pvt. Limited

IPO

March 30, 2010

Observations issued on August 06, 2010.

 

136

Raheja Universal Limited

Kotak  Mahindra Capital Company Limited

IPO

March 30, 2010

Observations issued on September 03, 2010.

 

137

Standard Chartered PLC

JM Financial Consultants Pvt. Limited

IPO of GDRs

March 30, 2010

Observations issued on May 06, 2010.

 

 

138

Genus Paper Products Limited

Mefcom Capital Markets Limited

IPO

March 30, 2010

Withdrawn by LM vide letter dated May 25, 2010.

 

139

Rohit Ferro-Tech Ltd

Microsec Capital Limited

RI

March 30, 2010

Observations issued on July 30, 2010.

 

140

C. Mahendra Exports Limited

Yes Bank Limited

IPO

March 31, 2010

Observations issued on August 05, 2010.

 

141

ICOMM Tele Limited

Edelweiss Capital Limited

IPO

March 31, 2010

Observations issued on August 13, 2010

 

142

You Broadband & Cable India Ltd

Edelweiss Capital Limited

IPO

March 31, 2010

Observations issued on December 13, 2010

 

143

Jyothi Structures Limited

Centrum capital Limited

RI

March 31, 2010

Observations issued on September 17, 2010.

 

144

Krypton Industries Limited

VC Corporate Advisors Pvt. Limited

 RI

March 31,2010

Observations issued on July 28, 2010.

 

 

145

J.P. Infrastructure Limited

Chartered Capital and Investment Limited

IPO

March 31,2010

Withdrawn by LM vide letter dated January 04, 2011.