Listing of Securities - National Stock Exchange of India Ltd. · PDF fileListing of Securities 3 ... ` 2,500 for every increase of ` 5 crores or part thereof in the paid up s hare,

Listing of Securities 3

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3Listing of Securities

NSE plays an important role in helping Indian companies access equity capital, by providing

a liquid and well-regulated market. As of March 2010, there were 1,470 companies listed on

NSE. The companies listed on the Exchange are from various sectors of the economy such as -

- heavy industry, software, refinery, public sector units, infrastructure, and financial services.

Wide range of securities such as stocks, bonds and other securities can be listed in the Capital

Market (Equities) segment and its Wholesale Debt Market segment. 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.

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 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.

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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 shall obtain the prior approval of shareholders of the company by a special

resolution passed through postal ballot, make a public announcement in the manner provided in

these guidelines, make an application to the delisting exchange for seeking in-principle approval

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 shall 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.

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The companies delisted during 2009-10 are mentioned in the table below.

Name of the Company Date of Delisting

The Madras Aluminium Company Limited* 19-Jun-09

Lotte India Corporation Limited* 31-Jul-09

Matrix Laboratories Limited* 21-Aug-09

Pearl Global Limited* 21-Aug-09

SI Group - India Limited* 23-Sep-09

PHIL Corporation Limited^ 9-Feb-10

* Delisting of equity shares of the company on account of Voluntary delisting pursuant to SEBI Delisting Guidelines-2003.

^ Delisting of equity shares of the company on account of Voluntary delisting pursuant to Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009.

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. At the end

of March 2010, 1,470 companies were listed, 37 companies were permitted for trading and

1,359 were available for trading. These securities had a market capitalisation of ` 6,009,173

crore (US $ 1,331,230 million). The growth of companies listed on the CM segment is presented

in Table 3-1.

Chart 3-1 : Companies Listed at end of March

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Listing Fees

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

Listing Fees in the CM Segment

Sr. No. Listing Fees Amount

( ` )

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 ` 1 Crore 10,000

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Companies which have a paid up share, bond and/ or debenture and/or debt capital, etc. of more

than ` 500 crores will have to pay minimum fees of ` 3,75,000 and an additional listing fees of

` 2,500 for every increase of ̀ 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 ` 1,000 crores will have to pay minimum fees of ` 6,30,000 and an additional listing fees of

` 2,750 for every increase of ̀ 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 a presents the sector-wise shareholding pattern at end-March 2010 of companies listed on NSE. On an average, the promoters hold more than 57.83% of total shares. Though the public shareholding is nearly 39.86%, Indian public held only 12.03% and the institutional holdings by (Financial Institutions, Banks, Central and State governments, Insurance companies, FIIs , MFs, VCF’s and FVCF’s) accounted for 18.37 %. Table 3-3 b shows that around 9.13% of the

total shares held by promoters are pledged.

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

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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 2010, 4,140 securities with issued capital of ` 3,150,880 crore (US $ 698,024 million)

and a market capitalisation of ` 3,165,929 crore (US $ 701,358 million) were available for trading

on the WDM segment.

Funds Mobilisation on the Exchange

During the year 2009-10, the resources raised through Public Issues, Rights Issues, QIP and

Preferential Allotments is summarized in the table below and Chart 3-2.

Particulars

No. of Issues

Amount

( ` cr) (US $ mn)

Equity Public Issues 36 45,624 10,107

IPOs 33 23,684 5,247

FPOs 3 21,941 4,861

Rights Issues 16 4,893 1,084

QIP 64 42,484 9,412

Preferential Allotment 134 15,530 3,440

Non-Convertible Debentures 3 2,500 554

Initial Public Offer 1 1,000 443

Further Issue 2 1,500 111

Total 253 111,032 24,597

Chart 3-2 : No. of issues through various instruments during 2009-10

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Public Issues

Initial Public Offerings (IPO’s)

Equity Shares

During the year 2009-10, 33 companies were listed through IPO mobilizing an amount of ` 23,684

crore (US $ 5,247 million). NHPC Limited was the largest IPO raising ̀ 6,038.55 crore (US $ 1,337.74

million) followed by Adani Power Limited raising ̀ 3,016.52 crore (US $ 668.26 million). The details

of IPOs listed on NSE during 2009-10 is presented in Table 3-6.

Non Convertible Debentures (NCDs)

During 2009-10, there were three NCD issues. L&T Finance came out with its initial public offer in

form of non-convertible debentures in September 2010. In March 2010, Shriram Transport Finance

Co. ltd. and L&T Finance came out with further issue in the form of non-convertible debentures.

Details about the resource mobilisation through NCDs is given in the table below:

S.No. Name of Company Date Amount Mobilised ( ` crs)

1 Shriram Transport Finance Co. Ltd.** 4-Sep-09 1000

2 L&T Finance Limited* 24-Sep-09 1000

3 L&T Finance Limited** 16-Mar-10 500

* The NCD issue is Initial Public Offer. ** The NCD issue is a further public offer.

Rights Issue

There were 16 Rights issues during 2009-10, out of which Religare Enterprises Ltd. was the largest

in terms of issue size of ` 1,814.31 crore (US $ 401.93 million). The details of Rights Issues listed

on NSE during 2009-10 is presented in Table 3-7.

Preferential Allotment / Private Placement

During 2009-10, there were 134 preferential allotments that raised ` 15,530.30 crore

(US $ 3,440.47 million). The details of Preferential Allotment listed on NSE during 2009-10 are

presented in Table 3-8.

QIPs

The amount raised through 64 QIPs during 2009-10, was ` 42,484.45 crore (US $ 9411.71 million).

The details of QIPs are presented in Table 3-9.

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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 Equity Capital (PUEC)/Market Capitalisation (MC) /Net Worth

PUEC ≥ ` 10 cr. and MC ≥ ` 25 cr. PUEC ≥ ` 10 cr. and MC ≥ ` 25 cr. OR PUEC ≥ ` 25 cr. ORMC ≥ ` 50 cr. OR The company shall have a net worth of not less than ` 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 either

a) 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 ` 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 llitigation 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 llitigation 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

34

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 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 ` 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, clarifi cations 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 profi t 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.

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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 *

( ` 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

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

Apr-09 1,420 -- 1,279 3,375,025 747,679

May-09 1,425 -- 1,280 4,564,572 1,011,203

Jun-09 1,426 -- 1,282 4,432,596 981,966

Jul-09 1,430 -- 1,287 4,816,459 1,067,005

Aug-09 1,431 -- 1,288 4,975,800 1,102,304

Sep-09 1,434 -- 1,287 5,353,880 1,186,061

Oct-09 1,439 -- 1,291 5,024,830 1,113,166

Nov-09 1,443 10 1,292 5,430,088 1,202,944

Dec-09 1,453 10 1,303 5,699,637 1,262,658

Jan-10 1,457 31 1,338 5,782,965 1,281,118

Feb-10 1,461 31 1,342 5,755,305 1,274,990

Mar-10 1470 37 1359 6,009,173 1,331,230

2009-10 1,470 37 1,359 6,009,173 1,331,230

* At the end of the period @ Excludes suspended companies.

36

Tabl

e 3-

3 a

: Sh

areh

oldi

ng P

atte

rn a

t th

e en

d of

Mar

ch 2

010

of c

ompa

nies

Lis

ted

on N

SE(i

n pe

rcen

t)

Sect

ors

Prom

oter

sPu

blic

Shar

es h

eld

by

Cust

odia

ns a

nd a

gain

st

whi

ch D

epos

i-to

ryRe

ceip

ts h

ave

been

issu

ed

Indi

an

Prom

oter

sFo

reig

n Pr

omot

ers

Inst

itutio

nal

Non-

Inst

itutio

nal

Fina

ncia

l Ins

titu-

tions

/Ba

nks/

Cent

ral

Gove

rnm

ent/

Stat

e Go

vern

men

t(s)

/In

sura

nce

Com

pani

es

Fore

ign

Inst

itu-

tiona

l Inv

esto

rsM

utua

l Fun

dsVe

ntur

e Ca

pita

l Fun

dsin

clud

ing

Fore

ign

Ven-

ture

Cap

ital

Fund

s

Any

othe

rBo

dies

Co

rpor

ate

Indi

vidu

als

Any

Oth

er

Bank

s 45

.94

1.08

9.85

16.0

23.

500.

000.

405.

7512

.68

0.86

3.92

Engi

neer

ing

27.3

61.

7610

.84

8.28

10.8

20.

000.

6110

.98

20.8

47.

491.

00

Fina

nce

42.9

01.

828.

1516

.53

3.35

0.00

0.67

6.76

15.5

54.

020.

24

FMCG

20

.24

14.9

411

.90

14.0

97.

180.

000.

005.

6312

.71

13.0

20.

28

Info

rmat

ion

Tech

nolo

gy

41.7

76.

382.

4711

.68

2.32

0.15

0.17

6.87

16.7

14.

746.

75

Infr

astr

uctu

re

71.1

82.

553.

898.

902.

030.

450.

003.

195.

871.

870.

06

Man

ufac

turin

g 44

.98

8.82

6.43

8.79

3.44

0.02

0.30

6.68

15.0

32.

333.

21

Med

ia &

Ent

erta

inm

ent

49.2

83.

541.

577.

064.

720.

160.

009.

6612

.63

2.10

9.28

Petr

oche

mic

als

54.7

36.

784.

926.

082.

470.

000.

316.

1510

.64

3.26

4.64

Phar

mac

eutic

als

39.2

910

.75

4.25

8.78

3.85

0.12

0.40

7.43

20.3

23.

171.

63

Serv

ices

45

.27

11.5

85.

498.

053.

900.

600.

007.

9712

.35

4.09

0.71

Tele

com

mun

icat

ion

52.5

57.

805.

298.

641.

570.

000.

003.

989.

4810

.05

0.64

Misc

ella

neou

s50

.21

2.26

1.98

8.10

2.92

0.00

0.04

9.46

18.9

25.

620.

48

Num

ber o

f Sha

res

123,

995,

584,

268

14,

869,

503,

195

13,

365,

229,

286

22,

993,

197,

680

7,3

79,3

82,0

03

363,

160,

395

456

,187

,691

1

3,78

9,87

8,53

8 2

8,87

6,28

4,06

1 8

,495

,555

,436

5

,536

,759

,300

% to

Tot

al N

umbe

r of S

hare

s51

.64

6.19

5.57

9.58

3.07

0.15

0.19

5.74

12.0

33.

542.

31

37

Table 3-3 b : Sectorwise Pledged Shares of Promoters of Companies Listed at NSE ar the end of March 2010.

Sectors Indian Promoters

(No.)

Foreign Promoters

(No.)

Shares pledged(No.)

%age of pledged shares

Banks 6,108,864,413 143,446,889 5,924,955 0.09

Engineering 443,448,622 28,590,809 17,793,262 3.77

Finance 4,337,315,551 184,031,799 75,975,376 1.68

FMCG 2,079,925,510 1,535,216,594 242,927,311 6.72

Information Technology 5,412,785,833 826,972,951 394,413,453 6.32

Infrastructure 43,003,555,153 1,540,126,582 5,531,874,706 12.42

Manufacturing 30,510,730,999 5,979,738,065 3,289,368,642 9.01

Media & Entertainment 2,730,830,464 196,254,541 575,236,403 19.65

Petrochemicals 12,408,195,923 1,537,897,877 637,863,199 4.57

Pharmaceuticals 2,782,337,615 761,540,572 156,201,607 4.41

Services 3,432,491,991 877,784,737 631,782,904 14.66

Telecommunication 7,490,950,815 1,111,238,881 580,510,998 6.75

Miscellaneous 3,254,151,379 146,662,898 545,277,625 16.03

Total 123,995,584,268 14,869,503,195 12,685,150,441 9.13

38

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 ` 10 crores; or● Market capitalisation of ` 25 crores (In case of unlisted companies Networth more than ` 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

● Qualifi es for listing under SEBI’s Regulations

Infrastructure companies● Tax exemption and recognition

as infrastructure company under related statutes/regulations

● Qualifi es 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

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

Credit rating

Banks ● Scheduled banks ● Networth of ` 50 crores or

above● Qualifi es for listing under

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

● Scheduled Banks● Networth of ` 50 crores or

above● Credit rating

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

Securities 2009 2010

Number Amount Amount Number Amount Amount

( ` cr) (US $ mn) ( ` cr) (US $ mn)

Government Securities 1,391 2,272,333 445,993 1,461 2,472,978 547,846

T-Bills 52 147,617 28,973 54 137,500 30,461

PSU Bonds 783 129,499 25,417 795 161,904 35,867

Institutional. Bonds 263 57,628 11,311 299 77,568 17,184

Bank Bonds 459 132,662 26,038 518 164,385 36,417

Corporate Bonds 1,000 107,782 21,154 992 133,428 29,559

Others 6 795 156 21 3,117 690

Total 3,954 2,848,315 559,041 4,140 3,150,880 698,024

39

Cont

d...

Tabl

e 3-

6 :

Init

ial

Publ

ic O

ffer

ings

(IP

Os)

dur

ing

2009

-10

Sr.

No.

Com

pany

Nam

eSe

ctor

Issu

e si

ze

Dat

e of

Li

stin

gN

o. o

f Se

curi

-ti

es is

sued

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Cont

d...

41

Table 3-7 : Rights Issues during 2009-10

S. No.

Company Name Amount Mobilised( ` Crore)

Amount Mobilised(US $ mn)

Date of Listing

1 Chemplast Sanmar Limited 159.94 35.43 7-May-2009

2 Alok Industries Limited 449.59 99.60 11-May-2009

3 Sundaram Brake Linings Limited 14.85 3.29 3-Jul-2009

4 Piramal Glass Limited 187.36 41.51 25-Sep-2009

5 JMC Projects (India) Limited 39.91 8.84 8-Oct-2009

6 The Tinplate Company of India Limited 374.13 82.88 21-Oct-2009

7 Greenply Industries Limited 45.89 10.17 26-Oct-2009

8 Morarjee Textiles Limited 27.24 6.04 29-Oct-2009

9 Television Eighteen India Limited 126.01 27.92 30-Oct-2009

10 Fortis Healthcare Limited 997.12 220.89 3-Nov-2009

11 Wire and Wireless (India) Limited 212.60 47.10 9-Nov-2009

12 Impex Ferro Tech Limited 39.95 8.85 17-Nov-2009

13 Lakshmi Vilas Bank Limited 263.14 58.29 30-Dec-2009

14 City Union Bank Limited 40.86 9.05 5-Jan-2010

15 Infomedia 18 Limited 99.90 22.13 29-Jan-2010

16 Religare Enterprises Limited 1814.31 401.93 2-Mar-2010

Total 4892.81 1,083.92

Contd...

Table 3-8 : Preferential Allotments by NSE Listed Companies during 2009-10

S.No. Company Name Amount Raised` Crore US $ mn

1 GTL Infrastructure Limited 6.00 1.33

2 Geojit BNP Paribas Financial Services Limited 36.17 8.01

3 JIK Industries Limited 0.51 0.11

4 NCL Industries Limited 3.60 0.80

5 Jain Irrigation Systems Limited 72.00 15.95

6 West Coast Paper Mills Limited 13.50 2.99

7 Talbros Automotive Components Limited 2.67 0.59

8 Cranes Software International Limited 38.74 8.58

9 Satyam Computer Services Limited 1756.03 389.02

10 Suryajyoti Spinning Mills Limited 1.12 0.25


12 Opto Circuits (India) Limited 0.00 -

13 Opto Circuits (India) Limited 0.00 -

14 Opto Circuits (India) Limited 19.44 4.31

15 Rane Brake Lining Limited 3.50 0.78

16 Apollo Hospitals Enterprise Limited 77.10 17.08

17 Bombay Rayon Fashions Limited 333.00 73.77

18 Banswara Syntex Limited 0.00 -

42


19 Softpro Systems Limited 6.53 1.45

20 GTL Infrastructure Limited 481.98 106.77

21 Rana Sugars Limited 4.37 0.97

22 GMR Infrastructure Limited 149.72 33.17

23 Shree Renuka Sugars Limited 25.03 5.54

24 R. S. Software (India) Limited 0.43 0.10

25 Dewan Housing Finance Corporation Limited 25.01 5.54

26 Max India Limited 150.00 33.23

27 Raj Rayon Limited 0.08 0.02

28 IFB Industries Limited 6.80 1.51

29 IFB Industries Limited 2.94 0.65

30 Network18 Media & Investments Limited 90.00 19.94

31 Satyam Computer Services Limited 1152.22 255.25

32 Shri Lakshmi Cotsyn Limited 7.79 1.72

33 Gallantt Metal Limited 15.50 3.43

34 Radha Madhav Corporation Limited 21.82 4.83


36 West Coast Paper Mills Limited 11.50 2.55

37 Adhunik Metaliks Limited 100.00 22.15


39 Himadri Chemicals and Industries Limited 17.55 3.89

40 Arvind Limited 11.25 2.49

41 Delta Corporation Limited 24.86 5.51



44 Simbhaoli Sugars Limited 6.83 1.51

45 Jai Balaji Industries Limited 273.26 60.54

46 OnMobile Global Limited 3.30 0.73

47 TIL Limited 9.78 2.17

48 Karuturi Global Limited 5.06 1.12

49 Sesa Goa Limited 537.24 119.02

50 Kohinoor Foods Limited 5.64 1.25

51 MVL Limited 5.00 1.11

52 Shriram Transport Finance Company Limited 240.00 53.17

53 Motilal Oswal Financial Services Limited 13.72 3.04

54 J.Kumar Infraprojects Limited 24.00 5.32

55 Axis Bank Limited 360.56 79.88



58 ING Vysya Bank Limited 185.91 41.19

59 Ind-Swift Laboratories Limited 3.50 0.78

Contd...

Contd...

43



61 MVL Limited 1.00 0.22

62 Celebrity Fashions Limited 0.50 0.11

63 Gujarat NRE Coke Limited 20.00 4.43

64 NCL Industries Limited 5.03 1.11

65 Simplex Projects Limited 8.10 1.79

66 Mawana Sugars Limited 16.00 3.54

67 Allcargo Global Logistics Limited 100.97 22.37

68 HCL Infosystems Limited 251.35 55.68

69 Era Infra Engineering Limited 178.50 39.54

70 Era Infra Engineering Limited 119.00 26.36

71 Abhishek Industries Limited 59.64 13.21

72 Radha Madhav Corporation Limited 12.86 2.85

73 ibn18 Broadcast Limited 25.50 5.65

74 Pantaloon Retail (India) Limited 276.33 61.22



77 Aditya Birla Nuvo Limited 432.95 95.91

78 Allcargo Global Logistics Limited 141.36 31.32

79 Jindal Saw Limited 213.01 47.19

80 FCS Software Solutions Limited 18.20 4.03

81 Electrosteel Castings Limited 73.13 16.20

82 HBL Power Systems Limited 34.70 7.69

83 Sujana Tower Limited 4.00 0.89

84 Ruchi Soya Industries Limited 105.00 23.26

85 Ucal Fuel Systems Limited 29.87 6.62

86 Lloyds Steel Industries Limited 20.00 4.43

87 The Dhampur Sugar Mills Limited 22.84 5.06

88 Rallis India Limited 89.03 19.72

89 Su-Raj Diamonds and Jewellery Limited 77.62 17.19

90 Videocon Industries Limited 45.00 9.97

91 Berger Paints (I) Limited 36.36 8.05


93 HDFC Bank Limited 4008.97 888.12

94 Maral Overseas Limited 19.75 4.38

95 Websol Energy Systems Limited 3.72 0.82

96 Berger Paints (I) Limited 99.00 21.93

97 LT Foods Limited 25.40 5.63

98 Raj Rayon Limited 0.90 0.20

99 S. Kumars Nationwide Limited 15.00 3.32

100 Shreyans Industries Limited 8.94 1.98

Contd...

Contd...

44


101 K S Oils Limited 135.22 29.96

102 Bajaj Hindusthan Limited 75.60 16.75


104 K Sera Sera Productions Limited 8.65 1.92

105 Amtek Auto Limited 101.08 22.39

106 Amtek India Limited 24.19 5.36

107 Sujana Tower Limited 17.60 3.90

108 Karuturi Global Limited 27.36 6.06

109 Asian Electronics Limited 14.40 3.19



112 Escorts Limited 44.80 9.93

113 Mahindra & Mahindra Limited 700.00 155.07

114 Sree Rayalaseema Hi-Strength Hypo Limited 0.82 0.18

115 Ahmednagar Forgings Limited 8.60 1.91

116 Ansal Properties & Infrastructure Limited 67.39 14.93

117 Himadri Chemicals and Industries Limited 252.40 55.91

118 Punjab Chemicals & Crop Protection Limited 8.16 1.81


120 SEL Manufacturing Company Limited 34.98 7.75

121 Asian Electronics Limited 3.33 0.74

122 Softpro Systems Limited 1.80 0.40

123 LG Balakrishnan & Bros Limited 0.00 0.00

124 B.A.G Films and Media Limited 12.35 2.74

125 JHS Svendgaard Laboratories Limited 7.13 1.58

126 Nagarjuna Fertilizer & Chemicals Limited 1.26 0.28

127 India Foils Limited 13.60 3.01

128 Gujarat NRE Coke Limited 98.67 21.86

129 Supreme Tex Mart Limited 20.19 4.47

130 Aarti Industries Limited 10.78 2.39

131 SEL Manufacturing Company Limited 39.90 8.84

132 Nectar Lifesciences Limited 91.00 20.16


134 Nitin Spinners Limited 5.00 1.11

Total 15530.30 3,440.47

Contd...

45

Table 3-9 : Amount raised through QIP during 2009-10

Sr.No Name of the company Amount Raised

( ` cr) (US $ mn)

1 3i Infotech Limited 317.81 70.41

2 Aban Offshore Limited 697.50 154.52

3 Ackruti City Limited 302.40 66.99


5 Allied Digital Services Limited 231.42 51.27

6 Axis Bank Limited 2,996.14 663.74

7 Bajaj Electricals Limited 160.79 35.62

8 Bajaj Hindusthan Limited 723.18 160.21

9 Cipla Limited 675.99 149.75

10 Development Credit Bank Limited 81.00 17.94

11 Delta Corp Limited 83.26 18.45


13 Educomp Solutions Limited 606.69 134.40



16 Emami Limited 310.00 68.68

17 Exide Industries Limited 539.50 119.52

18 Gammon India Limited 304.16 67.38

19 Glenmark Pharmaceuticals Limited 413.56 91.62

20 GVK Power & Infrastructure Limited 716.85 158.81

21 Hindustan Construction Company Limited 480.11 106.36

22 HCL Infosystems Limited 472.67 104.71

23 Housing Development Finance Corporation Limited 301.23 66.73

24 Housing Development Finance Corporation Limited 4,000.00 886.13

25 Housing Development and Infrastructure Limited 1,688.40 374.04

26 Hindalco Industries Limited 2,790.10 618.10

27 Indiabulls Real Estate Limited 2,656.50 588.50

28 Indiabulls Financial Services Limited 960.00 212.67

29 The India Cements Limited 295.62 65.49

30 Indusind Bank Limited 480.35 106.41

31 ING Vysya Bank Limited 230.00 50.95

32 Jai Balaji Industries Limited 198.51 43.98

33 J.Kumar Infraprojects Limited 55.46 12.29

34 KSK Energy Ventures Limited 515.93 114.29

35 The Karnataka Bank Limited 160.83 35.63

36 LIC Housing Finance Limited 658.00 145.77

37 Lanco Infratech Limited 727.35 161.13

Contd...

46

Sr.No Name of the company Amount Raised

( ` cr) (US $ mn)

38 Larsen & Toubro Limited 1,872.80 414.89

39 Mahindra Forgings Limited 175.00 38.77

40 United Spirits Limited 1,615.60 357.91

41 Nagarjuna Construction Company Limited 367.35 81.38


43 Opto Circuits (India) Limited 400.00 88.61

44 Orbit Corporation Limited 145.05 32.13

45 Pantaloon Retail (India) Limited 499.98 110.76

46 Parsvnath Developers Limited 168.01 37.22

47 Patel Engineering Limited 344.32 76.28

48 PSL Limited 149.32 33.08

49 PTC India Limited 499.99 110.76

50 Punj Lloyd Limited 670.18 148.47

51 Radico Khaitan Limited 341.79 75.72

52 Rei Agro Limited 182.67 40.47


54 Sobha Developers Limited 526.90 116.72

55 Shriram Transport Finance Company Limited 583.86 129.34

56 Sunteck Realty Limited 158.44 35.10

57 Texmaco Limited 170.56 37.78

58 Unitech Limited 1,621.10 359.13

59 Unitech Limited 2,789.33 617.93

60 Unity Infraprojects Limited 73.34 16.25

61 Usha Martin Limited 468.16 103.71

62 Websol Energy Systems Limited 45.40 10.06

63 Welspun Corp Limited 466.20 103.28

64 Yes Bank Limited 1,033.88 229.04

Total 42,484.45 9,411.71

Contd...

Documents

Listing of Securities - National Stock Exchange of India Ltd. · PDF fileListing of Securities 3 ... ` 2,500 for every increase of ` 5 crores or part thereof in the paid up s hare,