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Thejo Engineering, Jointeca Education: India IPO Alert

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

About 35 companies have pending draft offer documents with the regulator seeking approval for share sales. Indian companies raised about 59 billion rupees from 33 IPOs in the year ended March 31, compared with 331 billion rupees from 56 IPOs in the previous period. This year nine companies have raised 4.77 billion rupees ($86 million) and two companies withdrew their IPOs after the offers were undersubscribed.

Thejo Engineering Ltd. (0526724D)’s IPO opens for sale tomorrow. Jointeca Education Solutions Ltd. (JESL) lists tomorrow on BSE SME.

=============================================================================
Companies              Shares Offered Draft Filing Date   Price     Amount
(Arrangers)                or           Offer Period     (Rupees)   (Rupees)
                         Stake Size        Demand
=============================================================================
Comfort Commotrade Ltd.   6 Million      Proposed           10     60 Million
(VC Corporate Advisors-    or            Sept. 5-10
Pvt.)                     59.9%
-----------------------------------------------------------------------------
Thejo Engineering Ltd.    ---            Proposed        402-430 210 Million*
(IDBI Capital Market                     Sept. 4-6
Services)
-----------------------------------------------------------------------------
SRG Housing Finance Ltd.  3.5 Million    Completed          20   70.1 Million
(Aryaman Financial-        or            Aug. 28
Services)                 43.4%          1.2 Times
-----------------------------------------------------------------------------
Jointeca Education-       3.57 Million   Completed          15   53.6 Million
Solutions Ltd. (Ajcon      or            Aug. 21         Listing
Global Services)          35.7%          1.26 Times    on Sept. 4
-----------------------------------------------------------------------------
Just Dial Ltd.            9.55 Million@  Aug. 13         ---        ---
(Citigroup Global, Morgan  or
Stanley India)            13.5%
-----------------------------------------------------------------------------
Rashtriya Ispat Nigam     489 Million@   May 18            ---     ---
Ltd. (UBS Securities,      or
Deutsche Equity India)    10%
-----------------------------------------------------------------------------
Goodwill Hospital and     ---            May 4             ---    980 Million
Research Centre Ltd.
(SPA Merchant Bankers)
-----------------------------------------------------------------------------
Usher Eco Power Ltd.      ---            Feb. 2            ---    850 Million
(IDBI Capital, SMC
Capital)
-----------------------------------------------------------------------------
Tara Jewels Ltd.          ---            Dec. 30           ---   2.2 Billion@
(Enam Securities Pvt.,
ICICI Securities)
-----------------------------------------------------------------------------
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%
-----------------------------------------------------------------------------
PC Jeweller Ltd.          45.1 Million   Sept. 28          ---       ---
(Kotak Mahindra Capital,   or
SBI Capital, IDBI Capital)25.2%
-----------------------------------------------------------------------------
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%
-----------------------------------------------------------------------------

Notes:  * Proposed maximum amount to be raised.
        # Includes option to sell more shares on demand.
        @ Includes offer for sale.

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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