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Which is the 'mother of all IPOs'?
March 23, 2004
The IPO deluge
Which is the 'mother of all IPOs'? Take the rediff business quiz and see how much you know about the successful initial public offers by Indian companies ranging from auto majors to oil refiners.
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1. Which is the 'mother of all IPOs'? a) Maruti Udyog b) Oil and Natural Gas Corp c) Gas Authority of India
Wrong! Try again..
Wrong! The correct answer is Oil and Natural Gas Corp. The government plans to mop up Rs 10,500 crore from the sale of 10 per cent equity in ONGC. The offer received 760,000 retail applications and about 350 high quality institutional bidders had also applied for shares. DSP Merrill Lynch, J M Morgan Stanley and Kotak Mahindra were the book running lead managers to the issue. The selling price of the public offer was pegged at Rs 750 per share.
Correct! The government plans to mop up Rs 10,500 crore from the sale of 10 per cent equity in ONGC. The offer received 760,000 retail applications and about 350 high quality institutional bidders had also applied for shares. DSP Merrill Lynch, J M Morgan Stanley and Kotak Mahindra were the book running lead managers to the issue. The selling price of the public offer was pegged at Rs 750 per share.
2. Which is the first Indian biotech firm to go for an IPO? a) Xcyton b) Metahelix c) Biocon
Wrong! Try again..
Wrong! The correct answer is Biocon. The Biocon IPO, which closed on March 18, was through 100 per cent book-building method and its proceeds would be used for setting up new facilities to augment submerged fermentation and chemical synthesis capacity. The listings will be on, both, the Bombay Stock Exchange and the National Stock Exchange. Both Xcyton and Metahelix are based in Bangalore. While the former is a small biotech diagnostics kit-maker, the latter is an agri-biotech company.
Correct! The Biocon IPO, which closed on March 18, was through 100 per cent book-building method and its proceeds would be used for setting up new facilities to augment submerged fermentation and chemical synthesis capacity. The listings will be on, both, the Bombay Stock Exchange and the National Stock Exchange. Both Xcyton and Metahelix are based in Bangalore. While the former is a small biotech diagnostics kit-maker, the latter is an agri-biotech company.
3. How much did the Maruti IPO fetch? a) Rs 10,000 crore b) Rs 993 crore c) Rs 870 crore
Wrong! Try again..
Wrong! The correct answer is Rs 993 crore . The government decided to allocate 60 per cent of shares to retail investors and 40 per cent to institutional investors. In 2003, when Maruti went for the IPO, the issue was termed as the biggest public offer through the book building route. The Maruti IPO was oversubscribed almost 10 times.
Correct! The government decided to allocate 60 per cent of shares to retail investors and 40 per cent to institutional investors. In 2003, when Maruti went for the IPO, the issue was termed as the biggest public offer through the book building route. The Maruti IPO was oversubscribed almost 10 times.
4. Which Tata group firm is likely to go for an IPO after the General Elections? a) Tata Motors b) Tata Consultancy Services c) Tata Steel
Wrong! Try again..
Wrong! The correct answer is Tata Consultancy Services. Tata group management is expected to give the final go-ahead on the IPO by the end of April, following which the ground work for the launch of the offer would be kicked off. The $1-billion software giant was earlier planning to hit the market around December last year. TCS will be demerged and corporatised as an independent entity contingent upon the IPO.
Correct! Tata group management is expected to give the final go-ahead on the IPO by the end of April, following which the ground work for the launch of the offer would be kicked off. The $1-billion software giant was earlier planning to hit the market around December last year. TCS will be demerged and corporatised as an independent entity contingent upon the IPO.
5. Which media company plans to go for an IPO in 2004? a) NDTV b) TV Today c) Zee Tele
Wrong! Try again..
Wrong! The correct answer is NDTV. Television news broadcaster, NDTV, will float an initial public offering, in either April or May to raise over Rs 100 crore. New Delhi-based NDTV has appointed ICICI Securities, Kotak Mahindra Capital and JM Morgan Stanley as advisors.
Correct! Television news broadcaster, NDTV, will float an initial public offering, in either April or May to raise over Rs 100 crore. New Delhi-based NDTV has appointed ICICI Securities, Kotak Mahindra Capital and JM Morgan Stanley as advisors.