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It is an issue made by a company that has already gone public and listed its shares
through an IPO. The different types of FPOs are-
A ) Public issue
B) Offer sale
C) Composite issue -
.
Reason for FPO
“One must remember that one cannot make an FPO with an IPO mindset. In an
FPO, a company cannot shake off its past and its present market quotations”
The objects of the Offer are to carry out the divestment of 412,273,220 Equity
Shares by Government of India. NTPC Limited will not receive any proceeds
from this FPO.
Issue Detail:
»» Issue Open: Feb 03, 2010 - Feb 05, 2010
»» Issue Type: 100% Book Built Issue FPO
»» Issue Size: 412,273,220 Equity Shares
»» Issue Size: Rs. 8,286.69 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 201 - Rs. Per Equity Share
»» Market Lot: 28 Shares
»» Minimum Order Quantity: 28 Shares
Shares underlying IDRs will be deposited with an overseas custodian who will hold
shares on behalf of a domestic depository.
IDRs will be issued through a public offer in India in the demat form and will be
listed on Indian exchanges. Trading and settlement will be similar to those of Indian
shares.
.
Stan- Chart IDR Issue Basic Information
Issue Detail:
»» Issue Open: May 25, 2010 - May 28, 2010
»» Issue Type: 100% Book Built Issue IDRS
»» Issue Size: 240,000,000 Equity Shares of Rs.
»» Issue Size: Rs. 2,496.00 Crore
»» Face Value: Rs. Per Equity Share
»» Issue Price: Rs. 100 - Rs. 115 Per Equity Share
»» Market Lot: 200 Shares
»» Minimum Order Quantity: 200 Shares
»» Listing At: BSE, NSE
The same is true for Rights issues also. If Stan Chart announces a rights issue, you
will have rights, similar to stocks, and there will be a price set in Indian rupees
that you can pay to get into such issues.
If you are interested, then you have voting rights too, it means-
For starters, dividend tax will be 30% (plus 10% surcharge) on all the dividends
Investors don’t need to pay any dividend taxes on other common stocks in India.
On Indian stocks, the short term capital gains is charged at 15% plus surcharge.
In the case of IDRs, the short term capital gains will be charged at 30%.
That is a pretty significant hit right there, when compared with other stocks. There is one
important point relating to these taxes, and that is the Direct Tax Code,which is expected to be
implemented next year..
I