Grey Market - Future Capital, Reliance Power, Emaar MGF, J Kumar Infraprojects, Cords Cable Industries, KNR Constructions, Onmobile Global

Future Capital Holding 765 400 to 410


Reliance Power 450 180 to 190


Emaar MGF 610 to 690 200 to 225


J. Kumar Infraprojects 110 to 120 6 to 8


Cords Cable Ind 125 to 135 20 to 25


KNR Construction 170 to 180 15 to 17


On Mobile Global 425 to 450 90 to 100


Bang Overseas 200 to 207 32 to 35


Shriram EPC 290 to 330 30 to 35


IRB Infra 185 to 220 40 to 45

Reliance Power Grey Market Premium

Reliance Power is trading at 400 to 420 on a issue price of 405 to 450

Retail investors will get Rs 20 discount on the issue price

Weekly Grey Market Premium Update

Premium is the price above the IPO Price

Reliance Power is trading at Rs 52 premium

Mundra Port and SEZ is trading at more than double its offer price at Rs 460 premium

Empee Distilleries at around Rs 150

Edelweiss is roaring high after Religare's success at a premium of Rs 700

Religare is trading at a whopping Rs 350 premium

Barak Valley Cement is at Rs 22

Allied Computers is a dark horse at Rs 16 premium

Religare, Mundra, Varun Grey Market Updates

The Grey Market is hotting up even with the SEBI P-Notes Clampdown

Here are some of the rates that we are hearing

Mundra Port and SEZ - 390

Reliance Power - 51

Religare is commanding a whopping 290 premium on a issue price of 185

Barak Valley Cement 20

Empee Distilleries 155

Edelweiss - another broking outfit with a issue price of 825 is quoting at 200 rupees premium

Others are SVPCL - 3, Rathi Bars - 4, Circuit Systems - 6, Allied Computers - 17

Grey Market Premium Weekly Update

Following are the grey market premiums heard on the street

Dhanus Technologies has a premium of 95

Consolidated Construction has just zoomed from 200 to around 300

Supreme Infra has a premium of 80, a increase from 65 odd levels

Saamya Biotech has a massive increase as well - a premium of 11 - thats more than double the issue price

MAYTAS Infra has a premium of 155

Circuit Systems has a modest premium of 5

and

Reliance Power has a premium of 45! even before the issue price is decided

Grey Market Premium - Reliance Power, Dhanus, Consolidated Constructions

We hear the following grey market premiums

Reliance Power at around 35

Dhanus Technologies has staged a comeback with a grey market premium of Rs 90

Consolidated Constructions has also picked up at around Rs 210

MAYTAS Infra has an excellent premium of Rs 140

Supreme Infrastructure maintains premium of Rs 55

Grey Market - Reliance Power

We are hearing from close circles that Reliance Power is commanding a Grey Market Premium of Rs 33

Now, thats quite high - looking at the recent run up of Power Stocks and a massive listing premium of Power Grid, things look good in the Power Sector

Hold on to the investments that you have and accumulate on dips

Reliance Energy

Reliance Energy Ltd (REL) has informed that the draft red herring prospectus for the IPO of Reliance Power Ltd (a company promoted by REL and the Reliance Anil Dhirubhai Ambani Group) has been filed with SEBI on October 03, 2007.

In this regards REL has issued following Press Release :

"Reliance Power Ltd ("the Company") proposes an initial public offering of 1,300,000,000 Equity Shares of Rs 2 each ("Equity Shares") for cash at a premium (the "Issue") to be decided through a 100% book building process. The Issue includes a promoters' contribution of 160,000,000 Equity Shares which shall be allotted at the IPO price. The balance 1,140,000,000 Equity Shares would constitute the net issue to the public (the "Net Issue"). The Issue will constitute 11.5% and the Net Issue will constitute 10.1% of the post-Issue paid-up equity capital of the Company.

The Company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India ("SEBI") on October 03, 2007.

At least 60% of the Net Issue to the public shall be allotted on a proportionate basis to Qualified Institutional Buyers (QIBs) of which 5% shall be available for allocation to Mutual Funds only and the remaining QIB Portion shall be available for allocation to all the QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, at least 30% of the Net Issue shall be available for allocation on a proportionate basis to the retail Individual Bidders and at least 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above Issue Price.

The Company is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country.

The Issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes.

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE").

Kotak Mahindra Capital Company Ltd, UBS Securities India Pvt Ltd, ABN Amro securities (India) Pvt Ltd, Deutsche Equities India Pvt Ltd, Enam Securities Pvt Ltd, ICICI Securities Ltd, JM Financial Consultants Pvt Ltd & J P Morgan India Pvt Ltd are acting as the Book Running Lead Managers to the issue whilst Macquarie India Advisory Services Pvt Ltd and SBI Capital Markets Ltd are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A Shroff & Co. is advising the Company whilst Cleary Gottieb Steen & Hamilton and J Sagar & Associates are advising the BRLMs and CBRLMs in relation to the issue."

Reliance Energy, Reliance Power

Reliance Energy Ltd has announced that the Board approved the proposal by Reliance Power
Ltd, a company promoted by Reliance Energy Ltd and Reliance Anil Dhirubhai Ambani Group, to undertake an Initial Public Offering of equity shares of the Company. The draft red herring prospectus for the said IPO will be filed by Reliance Power Ltd with SEBI shortly.

Reliance Power Ltd is pursuing various gas, coal and hydro power generation projects in different parts of the country. The proposed IPO is being undertaken to fund the development of the said power projects.

Reliance Power Ltd is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares and to file a Draft Red Herring Prospectus with SEBI.