Goodwill Hospital, Credit Analysis: India IPO Alert

Following is a table showing Indian companies plans to sell shares through an initial public offering, or IPO, according to company filings to the Securities and Exchange Board of India.

At least 80 companies have pending draft offer documents with the regulator seeking approval for share sales. Indian companies raised about 331 billion rupees ($6.2 billion) from 52 IPOs in the year ended March 31. Since April, 28 companies have raised about 49 billion rupees.

Maiam Global Food Ltd. and Bluplast Industries Ltd. filed share sale documents with the regulator last week.

=============================================================================
Companies               Shares Offered Draft Filing Date   Price     Amount
(Arrangers)                or           Offer Period     (Rupees)   (Rupees)
                         Stake Size        Demand
=============================================================================
Goodwill Hospital and     Each share   Proposed       175-185  620 Million**
Research Centre Ltd.      offered with  Dec. 30-Jan. 9
(SPA Merchant Bankers)    one warrant**
-----------------------------------------------------------------------------
E-Zest Solutions Ltd.     10 Million    Dec. 7            ---       ---
(Choice Capital Advisors)  or
                          40.83%
-----------------------------------------------------------------------------
Katha Mediatix India Ltd. 4 Million     Nov. 11           ---       ---
(Stellant Capital-        or
Advisory Services)        26.27%
-----------------------------------------------------------------------------
A-Team Edutech Ltd.       8.18 Million  Nov. 3            ---       ---
(Onelife Capital Advisors) or
                          45%
-----------------------------------------------------------------------------
Abhitech Energycon Ltd.   3.51 Million  Sept. 18          ---       ---
(Indbank Merchant Banking) or
                          27%
-----------------------------------------------------------------------------
Credit Analysis and       7.2 Million   Sept. 30          ---       ---
Research Ltd. (Kotak, SBI  or
Capital, Edelweiss, BofA  25.2%
Merrill, ICICI, IDBI)
-----------------------------------------------------------------------------
Repco Home Finance Ltd.   15.7 Million   Sept. 30         ---       ---
(SBI Capital Market, IDFC  or
Capital, JM Financial)    25.3%
-----------------------------------------------------------------------------
Just Dial Ltd.            10.64 Million@ Aug. 12         ---      3.6 Billion
(Citigroup Global, Morgan (Additional)
Stanley India)
-----------------------------------------------------------------------------
IFCI Factors Ltd.         39.09 Million  July 27         ---       ---
(Enam Securities Pvt.)     or
                          33%
-----------------------------------------------------------------------------
Trimax IT Infrastructure  11.98 Million@ June 29         ---       ---
& Services Ltd. (Kotak,    or
Religare and SBI Capital) 25.1%
-----------------------------------------------------------------------------
Abhijeet Power Ltd. (BofA ---            June 29         ---     13.8 Billion
Merrill, Enam, Axis Bank,
IDFC Capital, SBI Capital)
-----------------------------------------------------------------------------
SKIL Infrastructure Ltd.  ---            June 2          ---     11.3 Billion
(Edelweiss, ICICI, Nomura,
JM Finance, SBI Capital,
SMC Capital, IDBI Capital)
-----------------------------------------------------------------------------
ACB (India) Ltd.          28.1 Million@  May 30          ---     5.75 Billion
(IDFC, Edelweiss,         (Additional)
JP Morgan, Macquarie, Axis
Bank, ICICI, Yes Bank)
-----------------------------------------------------------------------------
APR Construction Ltd.     ---           April 6         ---      1.04 Billion
(BOB Capital, Karvy
Investor, Saffron Capital)
-----------------------------------------------------------------------------
Multi Commodity Exchange  6.43 Million@ March 31        ---      ---
Of India Ltd. (Citigroup,  or
Edelweiss, Morgan Stanley)12.6%
-----------------------------------------------------------------------------
Intas Pharmaceuticals     5.81 Million@ March 25        ---      4.25 Billion
Ltd. (Kotak Mahindra and  of Mozart Ltd.
Morgan Stanley India)
-----------------------------------------------------------------------------
Arch Pharmalabs Ltd.      6.17 Million@ March 23        ---      1.35 Billion
(India Infoline and
Enam Securities)
-----------------------------------------------------------------------------
Powerica Ltd. (Citigroup, 4.1 Million@  March 9         ---      6.5 Billion
JM Financial, Kotak and
IDFC Capital)
-----------------------------------------------------------------------------
Ortel Communications Ltd. 8.18 Million@ March 16        ---       1 Billion
(IDFC Capital and
Centrum Capital)
-----------------------------------------------------------------------------
Super Religare Laborator- 28 Million    Feb. 15         ---      ---
-ies Ltd. (Nomura, Kotak, or
and Religare Capital)     35%
-----------------------------------------------------------------------------
Jawed Habib Hair & Beauty ---           Jan. 24         ---      600 Million
Ltd. (BOB Capital Markets)
-----------------------------------------------------------------------------
Tribhovandas Bhimji       16.67 Million Jan. 22         ---      ---
Zaveri Ltd. (IDFC Capital,or
Avendus Capital Pvt.)     25%
-----------------------------------------------------------------------------
Joyalukkas India Ltd.     18 Million    Jan. 21         ---      ---
(Enam Securities and      or
Citigroup Global)         26.5%
-----------------------------------------------------------------------------
Raheja Universal Ltd.     ---           March 29        ---     8.64 Billion*
(Kotak, Enam, Citigroup,
Morgan Stanley)
-----------------------------------------------------------------------------
Avantha Power &           ---            March 30       ---     12.6 Billion*
Infrastructure Ltd. (Enam,
Axis Bank, Citigroup,
Kotak Mahindra)
-----------------------------------------------------------------------------
You Broadband & Cable     ---            March 30       ---      3.6 Billion*
India Ltd. (Edelweiss
Capital)
-----------------------------------------------------------------------------

Notes:  * Proposed maximum amount to be raised.
        # Includes option to sell more shares on demand.
        @ Includes offer for sale.
       ** Warrants have the option to be converted into shares after 13 months
at a 20 percent discount to the market price.

Source: The Securities and Exchange Board of India, National Stock Exchange of India.

To contact the reporter on this story: Paresh Jatakia in Mumbai at pareshj@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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