Rajiv Rattan nominated for CNBC-TV18 CFO Awards

MUMBAI: CNBC - TV18 have instituted for the first time an award for chief financial officers (CFOs) of India Inc., in recognition of the contribution that they have made towards the outstanding success of their organisations. The CNBC-TV18 CFO Awards 2006 will be held on 25 and 26 November at The Hilton, Ras-Al-Khaimah (RAK), UAE.

RAK crown prince Shaikh Saud, RAK chairman Shaikh Faisal, Ministry of Economics HOD Shaikha Lubna will preside over the event and award the winners of the CFO Awards. The CFO of a company is primarily responsible for managing the financial risks of a business and also for financial planning and record-keeping. In recent years, however, the role has expanded to encompass communicating financial performance and forecasts to the analyst community, according to an official release.

Working tirelessly behind the scenes, CFOs create wealth for organizations, stakeholders and customers. CNBC-TV18's CFO Awards for the first time recognizes the experts who generate profits for India Inc's most revered companies.

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IPO: An investing challenge

The sad story of the Indian primary and secondary markets continues. Unprecedented events have taken a toll on sentiment towards the equity markets and consequently, IPOs have dried up. We take a look at the IPO scene in the last couple of years, and get a feel of what lies ahead.
Public Offering: Performance snapshot

Parsvnath fixes IPO band at Rs 250-300

After months of delay, Parsvnath Developers, the Delhi-based real estate developer, is set to tap the capital market with an initial public offer to raise up to Rs 1,000 crore.

The issue, which was initially slated to hit the market in the first half of this year, finally opens on November 6, ’06 and closes on November 10, ’06. The issue will constitute 18.30% fully-diluted post-issue paid-up capital and the price band has been fixed between Rs 250 and Rs 300.

The issue comprises a net issue to the public of up to 33,038,000 equity shares and a reservation of up to 2,00,000 equity shares for subscription by employees.

The company has said that funds raised from the equity issue are to be deployed in various ongoing projects across India.

The company is currently engaged in a variety of projects, involving 20 integrated townships, 25 residential projects, 27 commercial complexes, including shopping malls, multiplexes, office space and a complete metro station. Further, the company has obtained in-principle government approvals for the development of nine SEZ projects.
Read report on Parsvnath Developers IPO (Recommendation – Subscribe)

Info Edge India IPO

nfo Edge (India), a provider of online recruitment, matrimonial classifieds and related services in India (through its Web sites naukri.com, jeevansathi.com, etc.), is open for subscription with a initial public offering, IPO of 53.24 lakh equity shares of Rs 10 each through a 100% book building process.

The company plans to raise Rs 154.4 - 174 crore based on a price band of Rs 290-320 per share. The offer constitutes 19.5% of the fully diluted post issue paid-up equity capital of the company. The issue opens on October 30 and closes on November 2.

At least 60% of the issue will be given to qualified institutional buyers, QIBs of which, 5% will be allocated to mutual funds only; up to 10% will be given to non institutional bidders and remaining 30% to retail individual bidders on a proportionate basis.

Open and Forthcoming Issues