06 December 2012

The Absolute Return Partners Newsletter - Dec 2012


This month's letter focuses on the short to medium term factors that drive our asset allocation and portfolio construction. All research suggests that financial markets are not driven by economic fundamentals in the short to medium term, so why should the investment process be?
Enjoy the read.



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Grey market premium- Dec 6 for IPO, NCD



IPO
Opening Dt
Closing Dt
Band
Retail Discount
Grey Market Premium
CARE
7-Dec-12
11-Dec-12
700 - 750
0
170






PC Jeweller Limited
10-Dec-12
12-Dec-12
125 - 135
5
24






BHARTI INFRATEL LIMITED
11-Dec-12
14-Dec-12
210 - 240
10
10






Rural Electrification (REC) NCD
3-Dec-12
10-Dec-12
1000
0
100



REC NCD oversubscribe 1.16x ( 06 Dec 2012 at 1700 hrs)

RURAL ELECTRIFICATION CORPORATION LIMITED
Sr. NoCategoryNo.of Bonds/NCDs offered/ reservedNo. of Bonds bid forNo of times subscribed
1Category I30000001054200.04
1(a)Public Financial Institutions101020
1(b)Scheduled Commercial Banks1400
1(c)Provident Funds with minimum corpus of Rs.25 crores0
1(d)Pension Funds with minimum corpus of Rs.25 crores3000
1(e)Insurance Companies registered with the IRDA0
1(f)National Investment Fund0
1(g)Mutual Funds registered with SEBI0
1(h)Alternative Investment Funds0
1(i)Multilateral and Bilateral Development Financial Institutions0
1(j)State Industrial Development Corporations0
1(k)Insurance Funds set up and managed by army/navy or air force of the Union of India0
1(l)Insurance Funds set up and managed by the Department of Posts0
2Category II15000009975710.67
2(a)Companies and Bodies Corporate authorised to invest in the Bonds997571
3Category III150000026821301.79
3(a)Resident Indian individuals more than Rs.10 lacs2375130
3(b)Hindu Undivided Families more than Rs.10 lacs307000
4Category IV400000077933201.95
4(a)Resident Indian individuals upto Rs.10 lacs7407640
4(b)Hindu Undivided Families upto Rs.10 lacs385680
Total10000000115784411.16
Updated as on 06 Dec 2012 at 1700 hrs

Checklist before buying a policy:: Business Line

It is important for you to know answers to a few crucial questions before buying an insurance policy. This not only helps in understanding the policy better, but also ensures peace of mind during the entire policy term. Here’s helping you get started.

UTI Midcap - INVEST:: Business Line


Dec 6- IPO Grey market premium


IPO
Opening Dt
Closing Dt
Band
Retail Discount
Grey Market Premium
CARE
7-Dec-12
11-Dec-12
700 - 750
0
170






PC Jeweller Limited
10-Dec-12
12-Dec-12
125 - 135
5
24






BHARTI INFRATEL LIMITED
11-Dec-12
14-Dec-12
210 - 240
10
10






Rural Electrification (REC) NCD
3-Dec-12
10-Dec-12
1000
0
100



Credit Analysis and Research Limited CARE IPO- All you need to know

Credit Analysis and Research Limited
*Non-Retail investors i.e. QIB and Non-Institutional Investors Bidding for more than 2 lac shall mandatorily use ASBA facility
Symbol - SeriesCARE
Issue Period07-Dec-2012 to 11-Dec-2012
Post issue Modification Period12-Dec-12
Issue SizePublic offer of 7,199,700 equity shares of a face value of Rs. 10 each
Issue Type100% Book Building
Price RangeRs 700 to Rs 750
Face Value10
Tick Size1
Market Lot20 Equity Shares
Minimum Order Quantity20 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 200000
IPO Market Timings10.00 a.m. to 5.00 p.m.
Book Running Lead ManagerKotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IDBI Capital Market Services Limited and SBI Capital Markets Limited
Syndicate MemberKotak Securities Limited, Edelweiss Securities Limited and SBICAP Securities Limited
Categories*FI, IC, MF, FII, OTH, CO, IND and NOH
No. of Cities with Bidding Centers59
Name of the registrarKarvy Computershare Private Limited
Address of the registrarPlot nos.17-24, Vittal Rao Nagar, Madhapur, Hyderabad 500 081
Contact person name number and Email idMr. M Murali Krishna, (91 40) 4465 5000, care.ipo@karvy.com
ProspectusClick Here
ASBA e-form linke-Forms
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA formClick Here