Listing of Securities 3

32

33

3Listing of Securities

The stocks, bonds and other securities issued by issuers require listing for providing liquidity to investors. Listing means formal admission of a security to the trading platform of the Exchange. It provides liquidity to investors without compromising the need of the issuer for capital and ensures effective monitoring of conduct of the issuer and trading of the securities in the interest of investors. The issuer wishing to have trading privileges for its securities satisfies listing requirements prescribed in the relevant statutes and in the listing regulations of the Exchange. It also agrees to pay the listing fees and comply with listing requirements on a continuous basis. All the issuers who list their securities have to satisfy the corporate governance requirement framed by regulators.

Benefits of Listing on NSE

The benefits of listing on NSE are as enumerated below:

• NSE provides a trading platform that extends across the length and breadth of the country. Listing on NSE thus, enables issuers to reach and service investors across the country.

• NSE being the largest stock exchange in terms of trading volumes, the securities trade at low impact cost and are highly liquid. This in turn reduces the cost of trading to the investor.

• The trading system of NSE provides unparallel level of trade and post-trade information. The best 5 buy and sell orders are displayed on the trading system and the total number of securities available for buying and selling is also displayed. This helps the investor to know the depth of the market. Further, corporate announcements, results, corporate actions etc are also available on the trading system, thus reducing scope for price manipulation or misuse.

• The facility of making initial public offers (IPOs), using NSE's network and software, results in significant reduction in cost and time of issues.

• NSE’s web-site www.nseindia.com provides a link to the web-sites of the companies that are listed on NSE, so that visitors interested in any company can visit that company’s web-site from the NSE site.

• Listed companies are provided with monthly trade statistics of the securities of the company listed on the Exchange.

• The listing fee is nominal.

Listing Criteria

The Exchange has laid down criteria for listing of new issues by companies through IPOs, companies listed on other exchanges, etc. in conformity with the Securities

34

Contracts (Regulation) Rules, 1957, SEBI Guidelines and other relevant guidelines/acts. The criteria include minimum paid-up capital and market capitalisation, company/promoter's track record, etc. The listing criteria for companies in the CM Segment are presented in Table 3-1. The issuers of securities are required to adhere to provisions of the Securities Contracts (Regulation) Act, 1956, the Companies Act, 1956, the Securities and Exchange Board of India Act, 1992, and the rules, circulars, notifications, guidelines, etc. prescribed there under.

Listing Agreement

All companies seeking listing of their securities on the Exchange are required to enter into a formal listing agreement with the Exchange. The agreement specifies all the quantitative and qualitative requirements to be continuously complied with by the issuer for continued listing. The Exchange monitors such compliance and companies who do not comply with the provisions of the listing agreement may be suspended from trading on the Exchange. The agreement is being increasingly used as a means to improve corporate governance.

Compliance by Listed Companies

NSE has institutionalised a process of verifying compliance of various conditions of the listing agreement. It conducts a periodic review for compliance on account of announcement of book closure/record date, announcement of quarterly results, submission of shareholding pattern, annual reports, appointment of compliance officer, corporate governance report, investor grievances and various disclosures etc.

Disclosures by Listed Companies

It is essential that all critical price sensitive/material information relating to securities is made available to the market participants and the investors immediately to enable them to take informed decisions in respect of their investments in securities. The Exchange therefore ensures certain important timely disclosures by listed companies and disseminates them to market through the NEAT terminals and through its website. These disclosures include corporate actions, quarterly/half yearly results, decisions at board meeting, non-promoters’ holding, announcements / press releases etc.

De-listing

There are two kinds of delisting which can be done from the Exchanges as per the SEBI (Delisting of Securities) Guidelines, 2003 in the following manner:

Voluntary De-listing of Companies

Any promoter or acquirer desirous of delisting securities of the company under the provisions of these guidelines are required obtain the prior approval of shareholders of the company by a special resolution passed at its general meeting, make a public announcement in the manner provided in these guidelines, make an application to

35

the delisting exchange in the form specified by the exchange, and comply with such other additional conditions as may be specified by the concerned stock exchanges from where securities are to be de-listed. Any promoter of a company which desires to de-list from the stock exchange should also determine an exit price for delisting of securities in accordance with the book building process as stated in the guidelines. The stock exchanges shall provide the infrastructure facility for display of the price at the terminal of the trading members to enable the investors to access the price on the screen to bring transparency to the delisting process.

Compulsory De-listing of Companies

The stock exchanges may de-list companies which have been suspended for a minimum period of six months for non-compliance with the listing agreement. The stock exchanges have to give adequate and wide public notice through newspapers and also give a show cause notice to a company. The exchange shall provide a time period of 15 days within which representation may be made to the exchange by any person who may be aggrieved by the proposed delisting.

The Stock Exchanges may, after consideration of the representation received from the aggrieved persons, delist the securities of such companies. The stock exchange shall ensure that adequate and wide public notice is given through newspaper and on the notice boards/trading systems of the stock exchanges and shall ensure disclosure in all such notices of the fair value of such securities. The stock exchange shall display the name of such company on its website. Where the securities of the company are de-listed by an exchange, the promoter of the company shall be liable to compensate the security holders of the company by paying them the fair value of the securities held by them and acquiring their securities, subject to their option to remain security-holders with the company. The companies delisted during 2008-09 are mentioned in the table below.

Sr. No. Name of the Company Date of Delisting

1 Bosch Chassis Systems India Limited 7-Nov-08

2 Pentamedia Graphics Limited 09-Jan-09

3 Pentasoft Technologies Limited 09-Jan-09

CM Segment

Two categories, namely ‘listed’ and ‘permitted to trade’ categories of securities (equity shares, preference shares and debentures) are available for trading in the CM segment. However, the permitted to trade category has been phased out gradually and no new company is been given the benefit of this category. At the end of March 2009, 1,432 companies were listed while 1,291 companies available for trading. These securities had a market capitalisation of Rs. 2,896,194 crore (US $ 568,439 million). The growth of securities available for trading on the CM segment is presented in Table 3-2.

36

Listing Fees

The listing fees charged by the Exchange are presented in the following table:

Listing Fees in the CM Segment

Sr. No. Listing FeesAmount

(Rs.)1 Initial Listing Fees 25,000

2 Annual Listing Fees (based on paid up share, bond and/ or debenture and/or debt capital, etc.)

a) Upto Rs. 1 Crore 10,000

b) Above Rs. 1 Crore and upto Rs.5 Crores 15,000

c) Above Rs. 5 Crore and upto Rs.10 Crores 25,000

d) Above Rs. 10 Crore and upto Rs.20 Crores 45,000

e) Above Rs. 20 Crore and upto Rs.30 Crores 70,000

f) Above Rs. 30 Crore and upto Rs.40 Crores 75,000

g) Above Rs. 40 Crore and upto Rs.50 Crores 80,000

h) Above Rs. 50 Crores and upto Rs.100 Crores 1,30,000

i) Above Rs. 100 Crore and upto Rs.150 Crores 1,50,000

j) Above Rs. 150 Crore and upto Rs.200 Crores 1,80,000

k) Above Rs. 200 Crore and upto Rs.250 Crores 2,05,000

l) Above Rs. 250 Crore and upto Rs.300 Crores 2,30,000

m) Above Rs. 300 Crore and upto Rs.350 Crores 2,55,000

n) Above Rs. 350 Crore and upto Rs.400 Crores 2,80,000

o) Above Rs. 400 Crore and upto Rs.450 Crores 3,25,000

p) Above Rs. 450 Crore and upto Rs.500 Crores 3,75,000

Companies which have a paid up share, bond and/ or debenture and/or debt capital, etc. of more than Rs.500 crores will have to pay minimum fees of Rs.3,75,000 and an additional listing fees of Rs.2,500 for every increase of Rs.5 crores or part thereof in the paid up share, bond and/ or debenture and/or debt capital, etc.

Companies which have a paid up share, bond and/ or debenture and/or debt capital, etc. of more than Rs.1,000 crores will have to pay minimum fees of Rs.6,30,000 and an additional listing fees of Rs.2,750 for every increase of Rs.5 crores or part thereof in the paid up share, bond and/ or debenture and/or debt capital, etc.

Shareholding Pattern

In the interest of transparency, the issuers are required to disclose shareholding pattern on a quarterly basis. Table 3-3 presents the sector-wise shareholding pattern at end-March 2009 of companies listed on NSE. On an average, the promoters hold more than 57.86%

37

of total shares. Though the public shareholding is nearly 40.49 %, Indian public held only 13.29% and the institutional holdings by (Financial Institutions, Banks, Central and State governments, Insurance companies , FIIs , MFs, VCF’s and FVCF’s) accounted for 17.34 %.

WDM Segment

In the WDM segment, all government securities, state development loans and treasury bills are ‘deemed’ listed as and when they are issued. Other than those mentioned above, all eligible debt securities whether publicly issued or privately placed can be made available for trading in the WDM segment. Amongst other requirements, privately placed debt paper of banks, institutions and corporates require an investment grade credit rating to be eligible for listing. The listing requirements for securities on the WDM segment are presented in Table 3-4.

The growth of securities available for trading on the WDM segment is presented in Table 3-5. As at end March 2009, 3,954 securities with issued capital of Rs. 2,848,315 crore (US $ 559,041 million) and a market capitalisation of Rs.2,848,315 crore (US $ 559,041 million) were available for trading on the WDM segment.

FUNDS MOBILISATION ON THE EXCHANGE

During the year 2008-09, the resources raised through Public Issues, Rights Issues, QIP and Preferential Allotments is summarized in the table below.

Particulars No. of Issues Amount Mobilised

(Rs. Cr.) (US $ mn.)

Public Issues 19 3,833.48 752.40

IPOs 19 3,833.48 752.40

FPOs – – –

Rights Issues 17 31,656.37 6,213.22

QIP 2 188.82 37.06

Preferential Allotment 168 40,607.80 7,970.13

Total 206 76,286.46 14,972.81

Initial Public Offerings (IPO’s)

During the year 2008-09, 19 companies were listed through IPO mobilizing an amount of Rs 3,833 crore (US $ 752.40 million). Tata Capital Ltd. came out with an IPO for non-convertible Debentures (NCD) mobilizing Rs. 1,500 crore (US $ 294.41 million) which was the third largest IPO. KSK Energy Ventures Limited was the largest IPO raising Rs. 830.66 crore (US $ 163.04 million) followed by Gammon Infrastructure Projects Limited raising Rs. 276.39 crore (US $ 54.25 million) The details of IPOs listed on NSE during 2008-09 is presented in Table 3-6.

38

RIGHTS ISSUES

There were 17 Rights issues during 2008-09, out of which State Bank of India was the largest in terms of issue size of Rs.16,722.27 crore (US $ 3,282.09 million). The details of Rights Issues listed on NSE during 2008-09 is presented in Table 3-7.

PREFERENTIAL ALLOTMENT/PRIVATE PLACEMENT

During 2008-09, there were 169 preferential allotments that raised Rs.40,607.80 crore (US $ 7,970.13 million). The details of Preferential Allotment listed on NSE during 2008-09 are presented in Table 3-8.

QIPs

The amount raised through 2 QIPs during 2008-09, was Rs.188.82 crore (US $ 37.06 million).The details of QIPs are presented in Table 3-9.

Chart 3-1 : Number of Companies Listed

39

Table 3-1 : Listing Criteria for Companies on the CM Segment of NSE

Criteria Initial Public Offerings (IPOs) Companies listed on other exchanges

Paid-up EquityCapital (PUEC)/Market Capitalisation(MC) /Net Worth

PUEC ≥ Rs. 10 cr. and MC ≥ Rs. 25 cr.

PUEC ≥ Rs. 10 cr. and MC ≥ Rs. 25 cr. OR PUEC ≥ Rs. 25 cr. ORMC ≥ Rs. 50 cr. OR The company shall have a net worth of not less than Rs.50 crores in each of the preceding financial years.

Company/Promoter’s Track Record

Atleast 3 years track record of eithera) the applicant seeking listing OR b) the promoters/promoting

company incorporated in or outside India OR

c) Partnership firm and subsequently converted into Company not in existence as a Company for three years) and approaches the Exchange for listing. The Company subsequently formed would be considered for listing only on fulfillment of conditions stipulated by SEBI in this regard.

Atleast three years track record of eithera) the applicant seeking listing; ORb) the promoters/promoting company,

incorporated in or outside India.

Dividend Record / Net worth / Distributable Profits

– Dividend paid in at least 2 out of the last 3 financial years immediately preceding the year in which the application has been made OR The networth of the applicants atleast Rs.50 crores OR The applicant has distributable profits in at least two out of the last three financial years.

Listing – Listed on any other stock exchange for at least last three years OR listed on the exchange having nationwide trading terminals for at least one year.

Other Requirements (a) No disciplinary action by other stock exchanges/regulatory authority in past 3 yrs.

(b) Satisfactory redressal mechanism for investor grievances,

(c) distribution of shareholding (d) details of litigation record in past

3 years(e) Track record of Directors of the

Company

(a) No disciplinary action by other stock exchanges/regulatory authority in past 3 yrs.

(b) Satisfactory redressal mechanism for investor grievances,

(c ) distribution of shareholding and (d) details of litigation record in past

3 years.(e) Track record of Directors of the

Company(f) Change in control of a Company/

Utilisation of funds raised from public

40

Note:

1. (a) In case of IPOs, Paid up Equity Capital means post issue paid up equity capital.

(b) In case of Existing companies listed on other exchanges, the existing paid up equity capital as well as the paid up equity capital after the proposed issue for which listing is sought shall be taken into account.

2. (a) In case of IPOs, market capitalisation is the product of the issue price and the post-issue number of equity shares.

(b) In case of case of Existing companies listed on other stock exchanges the market capitalisation shall be calculated by using a 12 month moving average of the market capitalisation over a period of six months immediately preceding the date of application. For the purpose of calculating the market capitalisation over a 12 month period, the average of the weekly high and low of the closing prices of the shares as quoted on the National Stock Exchange during the last twelve months and if the shares are not traded on the National Stock Exchange such average price on any of the recognised Stock Exchanges where those shares are frequently traded shall be taken into account while determining market capitalisation after making necessary adjustments for Corporate Action such as Rights / Bonus Issue/Split.

3. In case of Existing companies listed on other stock exchanges, the requirement of Rs.25 crores market capital shall not be applicable to listing of securities issued by Government Companies, Public Sector Undertakings, Financial Institutions, Nationalised Banks, Statutory Corporations and Banking Companies who are otherwise bound to adhere to all the relevant statutes, guidelines, circulars, clarifications etc. that may be issued by various regulatory authorities from time to time

4. Net worth means paid-up equity capital + reserves excluding revaluation reserve - miscellaneous expenses not written off - negative balance in profit and loss account to the extent not set off.

5. Promoters mean one or more persons with minimum 3 years of experience of each of them in the same line of business and shall be holding at least 20 % of the post issue equity share capital individually or severally.

6. In case a company approaches the Exchange for listing within six months of an IPO, the securities may be considered as eligible for listing if they were otherwise eligible for listing at the time of the IPO. If the company approaches the Exchange for listing after six months of an IPO, the norms for existing listed companies may be applied and market capitalisation be computed based on the period from the IPO to the time of listing.

41

Table 3-2 : Companies Listed,Permitted to Trade, Available for Trading on the CM Segment

Month/Year (end of period)

No. of Companies

Listed*

No. of Companies

Permitted to Trade

No. of Companies

Available for Trading *@

Market Capitalisation *

(Rs. crore) (US $ mn)

Nov-94 0 300 300 292,637 93,108

Mar-95 135 543 678 363,350 115,606

Mar-96 422 847 1,269 401,459 116,873

Mar-97 550 934 1,484 419,367 116,880

Mar-98 612 745 1,357 481,503 121,807

Mar-99 648 609 1,254 491,175 115,761

Mar-00 720 479 1,152 1,020,426 240,496

Mar-01 785 320 1,029 657,847 141,048

Mar-02 793 197 890 636,861 130,504

Mar-03 818 107 788 537,133 113,081

Mar-04 909 18 787 1,120,976 258,349

Mar-05 970 1 839 1,585,585 362,419

Mar-06 1,069 – 929 2,813,201 630,621

Mar-07 1,228 – 1,084 3,367,350 772,505

Apr-07 1,246 – 1,104 3,650,368 913,277

May-07 1,267 – 1,126 3,898,078 975,251

Jun-07 1,283 – 1,143 3,978,381 995,342

Jul-07 1,293 – 1,150 4,317,571 1,080,203

Aug-07 1,316 – 1,170 4,296,994 1,075,055

Sep-07 1,319 – 1,173 4,886,561 1,222,557

Oct-07 1,327 – 1,180 5,722,227 1,431,630

Nov-07 1,343 – 1,197 5,876,742 1,470,288

Dec-07 1,353 – 1,207 6,543,272 1,637,046

Jan-08 1,362 – 1,216 5,295,387 1,324,840

Feb-08 1,372 – 1,227 5,419,942 1,356,003

Mar-08 1,381 – 1,236 4,858,122 1,215,442

Apr-08 1,390 – 1,244 5,442,780 1,068,259

May-08 1,398 – 1,252 5,098,873 1,000,760

Jun-08 1,407 – 1,262 4,103,651 805,427

Jul-08 1,417 – 1,272 4,432,427 869,956

Aug-08 1,422 – 1,278 4,472,461 877,814

Sep-08 1,424 – 1,278 3,900,185 765,493

Oct-08 1,431 – 1,282 2,820,388 553,560

Nov-08 1,430 – 1,286 2,653,281 520,762

Dec-08 1,428 – 1,283 2,916,768 572,477

Jan-09 1,427 – 1,286 2,798,707 549,305

Feb-09 1,425 – 1,284 2,675,622 525,147

Mar-09 1,432 – 1,291 2,896,194 568,439 * At the end of the period @ Excludes suspended companies.

42

Tab

le 3

-3 :

Sha

reho

ldin

g P

atte

rn a

t the

end

of M

arch

200

9 of

com

pani

es L

iste

d on

NSE

(In p

er c

ent)

Sect

ors

Pro

mot

ers

Pub

licSh

ares

hel

d by

C

usto

dian

s a

nd a

gain

st

whi

ch

Dep

osit

ory

Rec

eipt

s ha

ve b

een

issu

ed

Inst

itut

iona

lN

on- I

nsti

tuti

onal

Indi

an

Pro

mot

ers

For

eign

P

rom

oter

sF

inan

cial

In

stit

utio

ns/

Ban

ks/C

entr

al

Gov

ernm

ent/

Stat

e G

over

nmen

t(s)

/In

sura

nce

Com

pani

es

For

eign

In

stit

utio

nal

Inve

stor

s

Mut

ual

Fun

dsV

entu

re

Cap

ital

F

unds

incl

udin

g F

orei

gn

Ven

ture

C

apit

al

Fun

ds

Any

oth

erB

odie

s C

orpo

rate

Indi

vidu

als

Any

Oth

er

Bank

s46

.34

1.08

9.54

14.2

73.

830.

000.

635.

6413

.59

1.05

4.02

Engi

neer

ing

26.3

91.

9510

.92

7.34

11.5

70.

000.

759.

0522

.49

8.37

1.17

Fina

nce

43.6

32.

108.

5813

.01

2.92

0.03

1.61

6.22

15.8

55.

380.

66

FMC

G

18.1

916

.08

12.8

112

.72

8.11

0.00

0.00

4.91

13.2

313

.54

0.42

Info

rmat

ion

Tec

hnol

ogy

39.2

27.

862.

3212

.44

2.17

0.39

0.22

7.88

17.8

66.

712.

94

Infr

astr

uctu

re

73.9

11.

543.

327.

312.

110.

030.

023.

676.

661.

220.

20

Man

ufac

turi

ng

48.1

89.

126.

637.

283.

120.

050.

266.

4315

.16

2.33

1.44

Med

ia &

Ent

erta

inm

ent

48.3

84.

862.

7711

.42

5.72

0.26

0.00

8.48

14.9

31.

911.

28

Petr

oche

mic

als

56.5

37.

774.

384.

772.

110.

000.

265.

7111

.61

2.55

4.31

Phar

mac

eutic

als

39.3

212

.96

4.90

7.88

3.51

0.19

0.06

6.93

19.5

73.

561.

11

Serv

ices

44

.14

13.8

65.

438.

393.

300.

200.

006.

9913

.38

3.42

0.88

Tel

ecom

mun

icat

ion

53.8

98.

064.

656.

851.

730.

000.

033.

599.

9310

.27

0.98

Misc

ella

neou

s45

.02

2.59

2.14

8.39

2.95

0.00

0.11

9.32

22.3

76.

520.

59

Num

ber

of S

hare

s97

,388

,396

,771

13

,366

,653

,976

1

1,06

8,48

3,43

3 16

,087

,186

,434

5,

924,

758,

415

117

,438

,911

501

,700

,319

11,

102,

308,

040

25,4

37,7

50,9

95

7,25

5,11

7,32

4 3,

154,

419,

003

% to

Tot

al N

umbe

r of

Sha

res

50.8

86.

985.

788.

403.

100.

060.

265.

8013

.29

3.79

1.65

43

Table 3-4 : Eligibility Criteria for Securities on WDM Segment

Issuer Eligibility Criteria for listing

Public Issue /Private Placement

Corporates (Public limited companies and Private limited companies)

• Paid-up capital of Rs.10 crores; or• Market capitalisation of Rs.25 crores (In case of unlisted companies Networth more than Rs.25 crores)• Credit rating

Public Sector Undertaking, Statutory Corporation established/ constituted under Special Act of Parliament /State Legislature, Local bodies/authorities,

• Credit rating

Mutual Funds:Units of any SEBI registered Mutual Fund/scheme :• Investment objective to invest

predominantly in debt or• Scheme is traded in secondary

market as debt instrument

• Qualifies for listing under SEBI’s Regulations

Infrastructure companies• Tax exemption and

recognition as infrastructure company under related statutes/regulations

• Qualifies for listing under the respective Acts, Rules or Regulations under which the securities are issued.

• Credit rating

Financial Institutions u/s. 4A of Companies Act, 1956 including Industrial Development Corporations

Public Issue Private Placement

Qualifies for listing under the respective Acts, Rules or Regulations under which the securities are issued.

Credit rating

Banks • Scheduled banks • Networth of Rs.50 crores or

above• Qualifies for listing under

the respective Acts, Rules or Regulations under which the securities are issued.

• Scheduled Banks• Networth of Rs.50 crores or

above• Credit rating

44

Table 3-5 : Securities Available for Trading on WDM Segment (as on March 31)

Securities 2008 2009

Number Amount Amount Number Amount Amount

(Rs.cr) (US $ mn) (Rs.cr) (US $ mn)

Government Securities 1,336 1,682,607 420,968 1,391 2,272,333 445,993

T-Bills 52 113,947 28,508 52 147,617 28,973

PSU Bonds 777 97,282 24,339 783 129,499 25,417

Institutional Bonds 262 32,419 8,111 263 57,628 11,311

Bank Bonds 396 99,615 24,922 459 132,662 26,038

Corporate Bonds 738 76,489 19,136 1,000 107,782 21,154

Others 5 723 181 6 795 156

Total 3,566 2,103,082 526,165 3,954 2,848,315 559,041

45

Tab

le 3

-6 :

Initi

al P

ublic

Offe

ring

s (IP

Os)

duri

ng 2

008-

09

Sr.

No.

Com

pany

Nam

eSe

ctor

Issu

e siz

e D

ate

of

List

ing

No.

of

Secu

ritie

s iss

ued

Issu

e Pr

ice

Clo

se

Pric

e on

fir

st d

ayof

trad

ing

Clo

se P

rice

at

end

of

Mar

ch 2

009

Pric

e A

ppre

ciat

ion/

D

epre

ciat

ion

on th

e fir

st d

ay o

f tra

ding

with

the

issu

e pr

ice

Pric

e A

ppre

ciat

ion/

D

epre

ciat

ion

at e

nd M

arch

20

09w

ith th

e iss

ue p

rice

(Rs.c

r)(R

s.)(%

)

1G

amm

on In

fras

truc

ture

Pro

jects

Lim

ited

Infr

astr

uctu

re27

6.39

3-A

pr-0

816

,550

,000

16

7.00

158.

15

52.0

0 (5

.30)

(68.

86)

2Si

ta S

hree

Foo

d Pr

oduc

ts Li

mite

dM

anuf

actu

ring

31.5

07-

Apr

-08

10,5

00,0

00

30.0

043

.70

5.65

45

.67

(81.

17)

3Ti

taga

rh W

agon

s Lim

ited

Man

ufac

turin

g12

8.72

21-A

pr-0

82,

383,

768

540.

0070

6.85

14

1.70

30

.90

(73.

76)

4K

iri D

yes a

nd C

hem

ical

s Lim

ited

Man

ufac

turin

g56

.25

22-A

pr-0

83,

750,

053

150.

0015

8.95

12

9.25

5.

97

(13.

83)

5G

okul

Ref

oils

and

Solv

ent L

imite

dM

anuf

actu

ring

139.

594-

Jun-

087,

158,

392

195.

0018

2.05

20

5.85

(6

.64)

5.56

6Se

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47

Table 3-7 : Rights Issues during 2008-09

S. No. Company Name Amount Mobilised

(Rs. Crore)

Amount Mobilised (US $ mn)

Date of Listing

1 State Bank Of India 16,722.27 3,282.09 7-Apr-2008

2 The Dhanalakshmi Bank Ltd. 198.76 39.01 8-May-2008

3 Network 18 Fincap Limited 102.96 20.21 22-May-2008

4 Godrej Consumer Products Limited 396.46 77.81 27-May-2008

5 The Indian Hotels Company Limited 843.88 165.63 30-May-2008

6 The Indian Hotels Company Limited 602.79 118.31 2-Jun-2008

7 Century Extrusions Limited 13.20 2.59 11-Aug-2008

8 Entegra Limited 127.15 24.96 16-Sep-2008

9 The Oudh Sugar Mills Ltd 23.99 4.71 19-Sep-2008

10 JK Tyre & Industries Limited 87.25 17.12 25-Sep-2008

11 Hindalco Industries Ltd. 4,544.63 891.98 24-Oct-2008

12 Tata Investment Corporation Ltd. 447.74 87.88 4-Nov-2008

13 Tata Motors Limited 4,139.33 812.43 4-Nov-2008

14 Tata Motors Limited 1,957.36 384.17 5-Nov-2008

15 Federal-Mogul Goetze (India) Limited. 128.86 25.29 22-Dec-2008

16 Dish TV India Limited 1,139.93 223.73 23-Jan-2009

17 Thomas Cook (India) Ltd 179.81 35.29 28-Jan-2009

Total 31,656.37 6,213.22

48

Table 3-8 : Preferential Allotments by NSE Listed Companies during 2008-09

S. No. Company Name Amount Raised

Rs. CroreAmount Raised

US $ mn

1 Aditya Birla Nuvo Limited 341.27 66.98

2 Allied Digital Services Limited 61.84 12.14

3 Agro Dutch Industries Limited 8.95 1.76

4 Aksh Optifibre Limited 11.30 2.22

5 Alkyl Amines Chemicals Ltd. 10.00 1.96

6 Allcargo Global Logistics Limited 0.09 0.02

7 Alok Industries Limited 109.48 21.49

8 Alphageo (India) Limited 7.51 1.47

9 Ansal Housing and Construction Limited 18.17 3.57

10 Antarctica Ltd 1.25 0.25

11 Apollo Hospitals Enterprise Ltd 68.60 13.46

12 Apollo Tyres Ltd 82.04 16.10

13 Aptech Limited 30.09 5.91

14 Arihant Foundations & Housing Ltd 2.30 0.45

15 Aro Granite Industries Limited 4.43 0.87

16 Arvind Limited 49.92 9.80

17 Assam Company Limited 188.33 36.96

18 Aurionpro Solutions Limited 95.97 18.84

19 Autoline Industries Limited 52.92 10.39

20 Autolite (India) Limited 0.50 0.10

21 B.A.G Films and Media Limited 69.54 13.65

22 Banco Products (I) Ltd 10.17 2.00

23 Banswara Syntex Limited 2.84 0.56

24 Bartronics India Limited 60.19 11.81

25 Blue Coast Hotels and Resorts Limited 42.77 8.40

26 BOC India Limited 597.30 117.23

27 Bombay Rayon Fashions Limited 126.27 24.78

28 Cairn India Limited 2534.59 497.47

29 Cinevistaas Limited 3.18 0.62

30 Classic Diamonds (India) Limited 5.60 1.10

31 Core Projects and Technologies Limited 33.00 6.48

32 Cubex Tubings Ltd. 9.58 1.88

33 Cybertech Systems And Software Ltd. 2.32 0.46

34 Delta Corp Limited 123.45 24.23

35 Dwarikesh Sugar Industries Limited 7.52 1.47

Contd...

49

S. No. Company Name Amount Raised

Rs. CroreAmount Raised

US $ mn

36 Easun Reyrolle Ltd 17.23 3.38

37 Electrosteel Castings Ltd 46.44 9.11

38 Electrotherm (India) Ltd. 140.50 27.58

39 Era Infra Engineering Limited 243.54 47.80

40 Escorts Ltd 30.26 5.94

41 Everonn Systems India Limited 91.39 17.94

42 Fresenius Kabi Oncology Limited 7.12 1.40

43 Garware Wall Ropes Ltd. 19.91 3.91

44 Garware Offshore Services Limited 31.33 6.15

45 GATI LIMITED 59.65 11.71

46 Gemini Communication Limited 1.73 0.34

47 Genesys International Corporation Limited 6.37 1.25

48 Genus Power Infrastructures Limited 19.90 3.91

49 The Great Eastern Shipping Co. Limited 0.31 0.06

50 Goldstone Infratech Limited 33.00 6.48

51 Goldstone Technologies Ltd. 5.44 1.07

52 GTL Infrastructure Limited 382.02 74.98

53 Gujarat NRE Coke Ltd. 30.00 5.89

54 Havells India Limited 155.25 30.47

55 Himadri Chemicals And Industries Ltd 7.79 1.53

56 Heritage Foods (India) Ltd. 48.81 9.58

57 Hikal Limited 64.46 12.65

58 Himatsingka Seide Ltd 3.33 0.65

59 Horizon Infrastructure Limited 1.65 0.32

60 ibn18 Broadcast Limited 225.18 44.20

61 ICSA (India) Limited 60.16 11.81

62 Idea Cellular Limited 7294.48 1,431.69

63 Ifb Agro Industries Ltd 2.01 0.39

64 Ifb Industries Ltd. 8.70 1.71

65 IMP Powers Ltd 23.02 4.52

66 Indo Asian Fusegear Limited 12.00 2.36

67 Ind-Swift Laboratories Ltd. 17.06 3.35

68 Infotech Enterprises Ltd 98.06 19.25

69 IOL Netcom Limited 6.65 1.31

70 Jayant Agro Organics Ltd. 18.00 3.53

71 JBF Industries Ltd. 30.63 6.01

Contd...

Contd...

50

S. No. Company Name Amount Raised

Rs. CroreAmount Raised

US $ mn

72 JCT Electronics Limited 114.34 22.44

73 JHS Svendgaard Laboratories Limited 1.84 0.36

74 JIK Industries Limited 30.04 5.90

75 Jindal Drilling And Industries Limited 153.60 30.15

76 Jain Irrigation Systems Limited 99.63 19.55

77 Jain Irrigation Systems Limited 52.72 10.35

78 JK Lakshmi Cement Limited 40.00 7.85

79 JMT Auto Limited 3.24 0.64

80 Jaiprakash Associates Limited 397.00 77.92

81 JSL Limited 118.68 23.29

82 JSW Steel Limited 217.60 42.71

83 Kalindee Rail Nirman (Engineers) Limited 3.60 0.71

84 Karuturi Global Limited 195.28 38.33

85 Khandwala Securities Limited 2.67 0.52

86 Kinetic Motor Company Limited 6.50 1.28

87 Klg Systel Ltd. 27.93 5.48

88 KDL Biotech Limited 8.73 1.71

89 Kopran Ltd. 4.53 0.89

90 K S Oils Limited 130.75 25.66

91 Lakshmi Energy and Foods Limited 58.91 11.56

92 Logix Microsystems Limited 10.63 2.09

93 Lyka Labs Ltd 6.70 1.31

94 Maars Software International Ltd. 7.72 1.52

95 Magma Fincorp Limited 32.29 6.34

96 Maharashtra Seamless Ltd 0.00 0.00

97 Malwa Cotton Spg. Mills Ltd 4.00 0.79

98 Marksans Pharma Limited 16.90 3.32

99 Mcnally Bharat Engineering Company Limited 20.97 4.11

100 Micro Technologies (India) Limited 5.01 0.98

101 Mid-Day Multimedia Limited 10.00 1.96

102 Morepen Laboratories Ltd 11.59 2.28

103 NCL Industries Limited 6.37 1.25

104 Neocure Therapeutics Ltd 3.90 0.76

105 Nuchem Ltd 0.75 0.15

106 Onward Technologies Ltd 5.94 1.17

107 Orchid Chemicals Ltd 92.38 18.13

Contd...

Contd...

51

Contd...

S. No. Company Name Amount Raised

Rs. CroreAmount Raised

US $ mn

108 Pantaloon Retail (India) Ltd. 427.00 83.81

109 Parekh Aluminex Limited 80.59 15.82

110 Patel Integrated Logistics Limited 13.32 2.61

111 Pearl Polymers Ltd 1.22 0.24

112 Phillips Carbon Black Ltd. 44.70 8.77

113 Pioneer Embroideries Limited 1.73 0.34

114 Pitti Laminations Limited 2.88 0.57

115 Ponni Sugars (Erode) Limited 2.00 0.39

116 Prajay Engineers Syndicate Limited 80.30 15.76

117 Prakash Industries Ltd 148.75 29.20

118 Premier Limited 16.97 3.33

119 Prime Securities Limited 51.43 10.09

120 Provogue (India) Limited 373.52 73.31

121 Radico Khaitan Limited 92.00 18.06

122 Rain Commodities Limited 101.27 19.88

123 Ranbaxy Laboratories Ltd 3409.22 669.13

124 Reliance Industries Ltd 16824.00 3,302.06

125 Shree Renuka Sugars Limited 37.54 7.37

126 Radha Madhav Corporation Limited 38.80 7.62

127 Rohit Ferro-Tech Limited 21.59 4.24

128 Rpg Cables Ltd 43.68 8.57

129 Ruchi Soya Industries Ltd. 49.60 9.74

130 Sagar Cements Ltd. 75.45 14.81

131 Sah Petroleums Limited 31.98 6.28

132 Sambhaav Media Limited 13.28 2.61

133 Sanghvi Movers Ltd. 12.31 2.42

134 Sb&T International Ltd 2.00 0.39

135 SEL Manufacturing Company Limited 36.08 7.08

136 Shri Lakshmi Cotsyn Limited 14.19 2.79

137 Shriram City Union Finance Limited 186.00 36.51

138 Simbhaoli Sugars Limited 6.37 1.25

139 Simplex Infrastructures Limited 8.02 1.57

140 Sintex Industries Ltd. 122.23 23.99

141 S. Kumars Nationwide Ltd 43.73 8.58

142 Sona Koyo Steering Systems Ltd. 16.26 3.19

143 SREI Infrastructure Finance Limited 72.00 14.13

Contd...

52

S. No. Company Name Amount Raised

Rs. CroreAmount Raised

US $ mn

144 Steel Strips Wheels Limited 31.35 6.15

145 Strides Arcolab Limited 201.83 39.61

146 Sterlite Technologies Limited 28.00 5.50

147 Sujana Universal Industries Limited 12.00 2.36

148 Summit Securities Limited 16.06 3.15

149 Su-Raj Diamonds and Jewellery Limited 30.77 6.04

150 Surana Corporation Limited 50.00 9.81

151 Suryajyoti Spinning Mills Limited 6.50 1.28

152 Talbros Automotive Components Limited 3.61 0.71

153 Techno Electric and Engineering Co Ltd 12.80 2.51

154 Tourism Finance Corpn Of India Ltd 63.83 12.53

155 Television Eighteen India Ltd. 111.44 21.87

156 UFLEX Limited 179.07 35.15

157 United Phosphorous Limited 206.96 40.62

158 UTV Software Communications Limited 842.58 165.37

159 Vakrangee Softwares Limited 54.23 10.64

160 Viceroy Hotels Limited 78.37 15.38

161 Vijay Shanthi Builders Limited 3.53 0.69

162 Visu International Limited 4.38 0.86

163 VLS Finance Ltd. 4.00 0.79

164 Walchandnagar Industries Ltd 50.72 9.95

165 Webel-SL Energy Systems Limited 3.75 0.74

166 Welspun Gujarat Stahl Rohren Limited 150.01 29.44

167 West Coast Paper Mills Ltd 22.25 4.37

168 XL Telecom Limited 16.34 3.21

169 Xpro India Limited 2.08 0.41

Total 40,607.80 7,970.13

Contd...

Table 3-9 : Amount raised through QIP during 2008-09

Sr. No Name of the company

Amount Raised

(Rs.cr) (US $ mn)

1 Dynamatic Technologies Ltd. 74.53 14.63

2 ibn18 Broadcast Limited 114.29 22.43

TOTAL 188.82 37.06