Header Ads

Engineers India Limited (EIL) OFS getting oversubscribed 2.54 times



Engineers India Limited (EIL) OFS getting oversubscribed 2.54 times 
The first CPSE disinvestment of the last quarter of the fiscal year 2015-16 got off to a thumping start today with theEngineers India Limited (EIL) OFS getting oversubscribed 2.54 times.

On offer was 10% paid up capital of the company comprising 33, 69, 36,600 shares, each of Fv of Rs 5. Out of the shares offered for sale, 20% were reserved for retail investors i.e. those investors who placed bids for shares of total value of not more than Rs 2.00 lakh.  In addition a 5% discount was also offered to retail investors on price bid.
With this disinvestment, the GOI share in EIL will come down to 59.37%.
At the end of the day with total subscription of Rs 1641.52 crores the issue stood oversubscribed by 2.54 times.
The investor enthusiasm for the issue is borne out by the fact that the indicative price for was Rs 190.63 which is above the floor price. The previous day (28/01/2016) closing price was Rs 194.05 (BSE)/ Rs 193.65 (NSE) and floor price was fixed at Rs 189.
The highlight of the issue has been the overwhelming retail investor participation of 3.92 times amounting to Rs 513.08 crores. The non retail participation was an impressive 2.20 times amounting to Rs 1128 crores.
The issue was marked by robust all round participation from different categories:
S.No
Category
Value (Rs crore)
1
Retail
513.08(31%)
2
Mutual Funds
243.32(15%)
3
Banks (public & private)
130.28(8.0%)
4
Insurance Companies (public & private)
583.23 (36%)
5
FII
  86.75(5.0%)
6
Others (proprietary, HNI ETC)
  84.86(5%)

Total
1641.52 (100%)

**********************
Change In Tariff Value of Crude Palm Oil, Rbd Palm Oil, Others – Palm Oil, Crude Palmolein, Rbd Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified 
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted namely:-

 

TABLE-1


Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $ Per Metric Tonne)
(1)
(2)
(3)
(4)
1
1511 10 00
Crude Palm Oil
566
2
1511 90 10
RBD Palm Oil
586
3
1511 90 90
Others – Palm Oil
576
4
1511 10 00
Crude Palmolein
594
5
1511 90 20
RBD Palmolein
597
6
1511 90 90
Others – Palmolein
596
7
1507 10 00
Crude Soya bean Oil
720
8
7404 00 22
Brass Scrap (all grades)
2821
9
1207 91 00
Poppy seeds
2593


TABLE-2
Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $)
(1)
(2)
(3)
(4)
1
71 or 98
Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
362 per 10 grams
2
71 or 98
Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
443 per kilogram 

TABLE-3
Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $ Per Metric Tonne )
(1)
(2)
(3)
(4)
1
080280
Areca nuts
2558”


*****
To mark the completion of two years of statutory status of PFRDA, National Pension System (NPS) Service Week will be observed from 1st February to 6th February, 2016 dedicated to service-orientation towards the subscribers and building awareness and improved information dissemination. 
PFRDA would be completing 2 years of its statutory status on February 1, 2016 as the ACT conferring the statutory status to PFRDA was notified on 1st Feb 2014. To mark this occasion, PFRDA in collaboration with all its intermediaries in the National Pension System (NPS), namely the Central and the State Governments nodal offices, POPs, Aggregators, Central Recordkeeping Agency, NPS Trust etc. is observing NPS Service Week from February 1- 6, 2016. This week-long campaign is being dedicated to service-orientation towards the subscribers and aimed at awareness building and improved information dissemination.

On this occasion, besides sharing of information on the range of functionalities and services now available under the NPS, the subscriber community shall be apprised about the need for constant updation of data/information to enable the system to operate at its optimum service level, so that the intended benefits now available under the new functionalities, can reach all the employees/subscribers under NPS. Besides, the subscribers will also be able to make best use of this opportunity and facilities available therein.

Following are some of the activities which may be undertaken by the nodal officers in the proposed NPS Service Week:

• Creating awareness about the NPS – Salient features of the scheme, the process of joining it, special efforts to reduce subscribers’ grievances, etc.

• Printing and distribution of the subscriber brochure for Govt. Subscribers.

• Updation of subscriber details through S2 Form.

• Conversion of non IRA to IRA compliant status.

• Advising subscribers regarding benefits associated with PRAN being IRA compliant and updation of contact details.

• Printing of Transaction Statement for the subscribers and distributing the same on the specific request of the subscriber.

• Suitably rewarding/ acknowledging the best performing office/ branch/ person on completion of the NPS Service Week.

PFRDA has also advised the CRA (NSDL) in this matter for actively assisting the Nodal Offices, POPs and aggregators in this campaign and for providing necessary guidance and further information to the employee-subscribers. This exercise is likely to help around 95 lakhs subscribers and would be available through more than 2 lakhs of points of interface comprising of Government offices , banks, non- bank Points of Presence and aggregators.

On its part, the Pension Fund Regulatory and Development Authority is organizing the 2nd Pension Conclave in Delhi on 4th February 2016 with the theme, “Towards Universal Pension: Coverage, Adequacy and Sustainability”. All the stake holders – POPs, CRA, TB, PFs, Custodian, Nodal Officers etc are expected to participate and share their experiences. PFRDA proposes to use this occasion to acknowledge/ award the best performing banks and Post Offices in mobilization and registration of subscribers under the Atal Pension Yojana up to 31st December 2015 and institute awards for best performing POPs under the Voluntary segment of the National Pension System. 


No comments

Powered by Blogger.