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basant
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
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   Posted: 16/Jan/2007 at 4:26pm |
This is some good information about the company.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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deveshkayal
Senior Member
Joined: 04/Sep/2006
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Posts: 3903
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Posted: 16/Jan/2007 at 7:50pm |
Ashok is not dreaming.This is what i found in Application form.
Mr.Victor Fernandes & Others v.Mr Raghav Bahl & Others: The plaintiffs have on August 25,2006 filed a suit bearing no.2709 of 2006 as derivative action on behalf of e-Eighteen.com Private Ltd before the High Court of Judicature at Mumbai against our promoters,our Company and others.The plaintiffs are minority shareholders of e-Eighteen.com Private Limited and have alleged that Mr.Raghav Bahl,TV 18,ICICI Global Oppurtunities Fund and e-Eighteen.com Private Limited had entered into a subscription cum shareholders agreement dated September 12,2000 under which Mr.Raghav Bahl and TV18 had inter alia undertaken that any oppurtunity offered to them shall only be pursued or taken up through e-Eighteen.com Private Limited or its wholly owned subsidiary.The plaintiffs have alleged that Mr Raghav Bahl and TV 18 have promoted and developed various businesses through various entities which should have under the aforesaid agreement rightfully been undertaken by e-Eighteen.com Private Limited or its wholy owned subsidiaries.The plaintiffs have alleged that by not doing so Mr Raghav Bahl and TV 18 have caused monetary loss to e-Eighteen Private Limited as well as to the plaintiffs.The plaintiffs have valued their claim in the suit at Rs 3014.12 crores and Rsw 99.94 crores and have inter alia prayed that our Promoters,our Company and others be ordered to transfer to e-Eighteen Private Limited all their businesses,activities and ventures along with all assets and intellectual property.The plaintiffs had on September 18, 2006 filed a notice of motion no.3232 of 2006 in suit no.2709 of 2006 seeking ad-interim relief.A reply has been filed with the High Court at Mumbai on November 14, 2006 and the next hearing date is January 15, 2007.(which is yesterday, does anybody know what happened)
What is the subscription of GBN till now.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 546
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Posted: 16/Jan/2007 at 8:04pm |
SOURCE: bseindia.com
GLOBAL BROADCAST NEWS LTD.-Bid Details
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Last updated on 16/01/2007 05.00.00 PM |
| Sr.No. |
Category |
No.of shares offered/reserved |
No. of shares bid for |
No. of times of total meant for the category |
| 1 |
Qualified Institutional Buyers (QIBs) |
2608695 |
2672800 |
1.0246 |
| 1(a) |
Foreign Institutional Investors (FIIs) |
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0 |
|
| 1(b) |
Domestic Financial Institutions (Banks/ Financial Institutions(FIs)/ Insurance Companies) |
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0 |
|
| 1(c) |
Mutual Funds |
|
2672800 |
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| 1(d) |
Others |
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0 |
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| 2 |
Non Institutional Investors |
434783 |
1201025 |
2.7624 |
| 2(a) |
Corporates |
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1200000 |
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| 2(b) |
Individuals (Other than RIIs) |
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1025 |
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| 2(c) |
Others |
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0 |
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| 3 |
Retail Individual Investors (RIIs) |
1304348 |
498125 |
0.3819 |
| 3(a) |
Cut Off |
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453875 |
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| 3(b) |
Price Bids |
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44250 |
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| 4 |
Employees |
217391 |
0 |
0.0000 |
| 4(a) |
Cut Off |
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0 |
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| 4(b) |
Price Bids |
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0 |
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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 546
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Posted: 16/Jan/2007 at 8:10pm |
In Total, it means... 4371950/4565217 = nearly subscribed 1 times....
In next 2 days, Retail would increase exponentially ... I am expecting this to be oversubscribed 22-30 times
The alloted amount of shares should be minimum 25 (Rs 6250) ... which means that at 25 times oversubscription, people investing Full 1 lac would have 2/3 chance of getting selected to get 25 shares ... the less you invest, the lesser would be the ratio..
Dont ask me reasons for above .. Above analysis is a gut + experience feel ... lets see how much true it turns out to be .... !
Edited by prosperity - 16/Jan/2007 at 8:11pm
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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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Posted: 16/Jan/2007 at 8:17pm |
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Retail investors r very cautious on valuation front after Cairn PAIN. Angel Broking,BusinessLine says avoid.Employess have not subscribed even a single share thats a surprise.Indian Mutual funds have given a relief.retail investors subscribe on the last day of the IPO.
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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basant
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Location: India
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Posts: 18403
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Posted: 16/Jan/2007 at 9:12pm |
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Devesh: The case does look interesting but unless we have full details we cannot decide.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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basant
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Location: India
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Posts: 18403
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Posted: 16/Jan/2007 at 10:07pm |
Victor Fernandes was the guy from whom raghav bought moneycontrol.com a long time back. he used to host shows on CNBC also then he disappeared from scene altogether.I tried to search for a copy of the petition in high court online but could not get access to it reading it would make the whole thing very clear.Meanwhile this is how I would approach the whole situation:
1) SInce the matter is on the appliaction form every body knows. Is it discounted in the price (just a stray far fetched event that will have its own death and means nothing).
2) The VC ILFS Investmart is not selling in this IPO but holding on. VC not selling tells us more things then mere allegations etc.
3) None of the papers pink or white or any of the channels are discussing this case. Is it that Raghav has friends all over or they have all been hushed up. I believe in neither of these two theories.
4) Let us look for further details. Yesterday was January 15th and the stock was up in the last two days. SO nothing adverse was reported. Now SEBI could also have stalled the issue because the suit was in August 2006 much before the company received SEBI approval and SEBI did not press for settlement before the case was out in public domain.
SOmetimes circumstances and events rather then facts give more answers. I am looking in that direction.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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deveshkayal
Senior Member
Joined: 04/Sep/2006
Online Status: Offline
Posts: 3903
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Posted: 17/Jan/2007 at 8:07am |
GLOBAL BROADCAST NEWS LTD.-Bid Details
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Last updated on 17/01/2007 05.00.00 PM |
| Sr.No. |
Category |
No.of shares offered/reserved |
No. of shares bid for |
No. of times of total meant for the category |
| 1 |
Qualified Institutional Buyers (QIBs) |
2608695 |
2672800 |
1.0246 |
| 1(a) |
Foreign Institutional Investors (FIIs) |
|
0 |
|
| 1(b) |
Domestic Financial Institutions (Banks/ Financial Institutions(FIs)/ Insurance Companies) |
|
0 |
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| 1(c) |
Mutual Funds |
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2672800 |
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| 1(d) |
Others |
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0 |
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| 2 |
Non Institutional Investors |
434783 |
1238950 |
2.8496 |
| 2(a) |
Corporates |
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1200200 |
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| 2(b) |
Individuals (Other than RIIs) |
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38150 |
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| 2(c) |
Others |
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600 |
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| 3 |
Retail Individual Investors (RIIs) |
1304348 |
2151225 |
1.6493 |
| 3(a) |
Cut Off |
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2002175 |
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| 3(b) |
Price Bids |
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149050 |
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| 4 |
Employees |
217391 |
0 |
0.0000 |
| 4(a) |
Cut Off |
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0 |
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| 4(b) |
Price Bids |
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0 |
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