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IPO, New Issues
TCS, Infosys and Wipro to Outpace Current Indian ITeS Vendors, Says Gartner
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Infy_fan_alwaysTracked by: 0 Boarder
Gartner in its recently announced report has observed that Tata Consultancy Services, Infosys Technologies and Wipro Technologies will emerge as the next generation IT service megavendors. Observations in the report which refers to these companies as ‘India-3’ indicate that these companies are increasingly being considered for strategic service deals, and will augment or, in some cases, replace the current acknowledged megavendors by revenue namely, IBM Global Services, Accenture and EDS in this space by 2011.
Estimations from the report suggest that the three companies which are comparatively smaller will compete for the same megadeals that have been the domain of the current megavendors.
\'The emerging megavendors have made dramatic progress in the past few years and have more than doubled their revenue in a four-year period, with the 2007 revenue being 2.6 times the 2004 revenue,\' said Partha Iyengar, Vice President, Analyst and Regional Research Director, Gartner. \'This level of growth differential has continued even as these vendors have become multibillion dollar enterprises. To put this in context, there are just 100 service enterprises globally with more than $1 billion in revenue.\'
The report suggests that the three companies have shown a record growth rate by a margin of 3:1 over a period of last 30 quarters thereby outperforming the current megavendors. A comparison between the three companies and the megavendors who are larger in terms of revenue generation estimates the market capitalization of the local providers to be significantly higher than that of EDS and almost on par with Accenture.
The research company has observed that four competencies namely, process excellence, world-class HR practices, providing high quality services at a low cost, the achievement of significant and disproportionate ‘mind share’ compared to their actual size will be the reasons for the emergence of the three companies as megavendors. However it has also observed that having a level of revenue per employee similar to the current megavendors is a challenge that these companies need to address to achieve megavendor status.
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Analysts predict that European IT services firms will soon be eclipsed by cheaper Indian rivals
India can afford to offer cheaper IT staff and services
Systems integrator Logica attributed a 16 per cent year-on-year increase in revenue for the first half of 2008 to healthy spending by European energy, utility and public sector customers, whose budgets do not yet appear to have been affected by the credit crunch.
But like other IT services firms, Logica faces increased competition for its clients from suppliers in emerging countries, particularly India, and is having to restructure to compete.
Logica’s net income in the first six months of the year fell to £5.2m from £149.7m in 2007, as the company undergoes extensive re-organisation designed to cut £80m per year from its operational cost structure and present better value to customers.
Last April the company axed 1,300 European jobs, including 500 in the UK, simultaneously announcing its intention to increase offshore staff numbers in Morocco, the Philippines and Bangalore to 8,000 by the end of 2008.
The publication of Logica’s results coincided with a fresh prediction from analyst Gartner, suggesting Indian systems integrators and IT services companies will soon eclipse established European rivals in terms of revenue, market capitalisation and customer numbers.
\'With the less expensive and larger workforce available in India, the India-3 providers [Tata Consultancy Services, Infosys Technologies and Wipro Technologies] were able to create the combination of low-cost, high-quality services,\' said Partha Iyengar, Gartner vice president and regional director in a research note.
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Infosys will host its annual Analyst Meet on Wednesday, August 27, 2008 at its campus in Mahindra City, Chennai. Infosys will discuss the state of the company’s business at the Analyst Meet.
Mr. S. Gopalakrishnan, CEO and Managing Director will deliver the opening address on the state of the company’s business, after which Mr. S. D. Shibulal, COO will speak on the operational highlights. Heads of various business units of Infosys will make presentations in several break-out sessions during the day. These sessions are designed to serve as a forum for analysts to understand the company’s operations better. An executive open house will conclude the meet to be chaired by Mr. S. Gopalakrishnan.
The proceedings of the meet will be uploaded as webcast on Infosys website In addition, the presentations made by various participants and transcripts of the day’s discussions will also be uploaded there.
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Ankur sir
today MMB messenger is writing a post you wrote 10 days ago
you had compared resurgere mines with sesa goa when you wrote a reply to sauravsachoin and thats what they are doing today
cheers...
In reply to:
Its time to prepare shopping list guys !
Posted by :
librankur
Dear Guest ,
Helping is what we all are here for.
My most recent catch is KS OIL , you make decide on the stock after due diligence.
:-) 
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SC has rejected SVPCL petition that challenges BSE turning down its IPO. SVPCL will refund application money to investors, reports CNBC-TV18....
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People have wizened up quite a bit in the primary market. They now look at comparisons in the secondary market and what they can buy there and don’t necessarily get attracted to a primary offering. So Resurgere Mines and Minerals India is not a bad company; it will probably do Rs 400 crore in sales in FY09. ...
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Hi Ankur bhai,
It seems like you forgot me again! :)
So, some more months before sensex starts to move upward then :)
Ramesh...
In reply to:
Its time to prepare shopping list guys !
Posted by : librankur
Dear ultima,
As you would have seen , we certainty have hit a road block at the levels you have suggested ,the bears rule prevails.
:-)
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Tata Motors scraps convertible share issue
MUMBAI (Reuters) - Tata Motors Ltd, India's top vehicle maker, said on Wednesday it would scrap a planned 30 billion rupees ($686 million) convertible preference share issue due to weak stock markets and instead raise funds by selling some investments.
However the plan to sell rights shares worth 42 billion rupees stands, said the company, which is raising money to fund its $2.3 billion acquisition of Jaguar and Land Rover from Ford Motor Co.
The board of directors decided on the move, "taking into account the current situation in the capital markets and the change in level of prices in the stock markets since May 2008," it said in a statement.
Tata Motors shares, which ended 0.2 percent up at 424.05 rupees in the Mumbai market, are down 27 percent since May 29 when it announced the fund raising plan. The main share index has slid 10 percent during the period.
The company said it plans to sell its investments in a phased manner, preferably to group firms, at prevailing market prices over the next 6-8 months.
.The company, part of the conglomerate Tata group, said in July it had sold a 24 percent stake in its auto component unit to an associate firm and booked a profit of $27 million.
Tata Motors had planned to raise up to 72 billion rupees through three simultaneous but unlinked securities issues but now plans to go ahead only with the sale of two classes of rights shares, it said.
Funds raised through share sales in India in the first six months of 2008 fell 66 percent from a year earlier to $5.85 billion hurt by falling stock markets, Thomson Reuters data showed. The main share index is down 28 percent in 2008.
Hindalco Industries, India's top aluminium maker, last week said it would offer more rights shares than planned to after the stock market slide soured pricing. It hopes to raise $1.2 billion.
Source: yahoo ind news
v.krishnamoorthy...
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add....
Analysts tracking the sector sounded bullish on the proposed IPO. "It is a highly rated public sector undertaking and will enthuse investor interest in the primary market," said Amitabh Chakraborty, president (equity), Religare Enterprises. "The IPO is expected attract long-term foreign institutional investors along with retail participants and will bring in depth into the market.
" The public offer was delayed for want of the stipulated number of independent directors on the company's board. SEBI's listing norms stipulate that half the board of a listed company should comprise independent directors.
NHPC's net profit during 2007-08 stood at Rs.1,004 crore-up from the previous year's Rs.
925 crore. It has an installed capacity of 5,200 MW generated from 13 of its hydro power plants and plans to increase its generation capacity to 11,000 MW by 2012 from 5,200 MW now.
The company plans to invest Rs 90,000 crore in new projects over the next ten years. About 10 hydroelectric power plants of the company are under various stages of implementation, including the country's largest hydroelectric project -- a 2,000 MW plant at Subansiri in Arunachal Pradesh.
v.krishnamoorthy...
In reply to:
NHPC IPO to hit market on October 13
Posted by : Leave it.
NHPC IPO to hit market on October 13
Thu, Aug 21 12:50 AM
The much-awaited initial public offering of shares by state-run NHPC - formerly known as National Hydro Power Corporation - is expected to hit the market on October 13. The company plans to list its shares on the stock exchanges on November 6, said, a senior NHPC official said on condition of anonymity.
According to the official, the company\\`s board of directors will recommend the price band for the proposed public offer, IPO, at a meeting slated for September 16, and will seek the approval of Empowered Group of Ministers\\` for price fixation within the next two days. A weeklong investor road show in cities within the country and abroad is planned from September 29.
NHPC Chairman SK Garg could not be reached for comments despite repeated attempts. The company filed its offer document with the capital markets regulator, Securities and Exchange Board of India (SEBI) earlier on August 6.
NHPC plans to issue 167 crore equity shares of Rs 10 each. This would result in the dilution of 15 per cent of the government\\`s holding in the hydroelectric power major.
Currently, the government owns 100 per cent of the company. NHPC has a paid-up capital of Rs 11,500 crore, comprising of 1,150 crore equity shares of Rs 10 each.
Analysts tracking the sector sounded bullish on the proposed IPO. \\\\
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NHPC IPO to hit market on October 13
Thu, Aug 21 12:50 AM
The much-awaited initial public offering of shares by state-run NHPC - formerly known as National Hydro Power Corporation - is expected to hit the market on October 13. The company plans to list its shares on the stock exchanges on November 6, said, a senior NHPC official said on condition of anonymity.
According to the official, the company\\`s board of directors will recommend the price band for the proposed public offer, IPO, at a meeting slated for September 16, and will seek the approval of Empowered Group of Ministers\\` for price fixation within the next two days. A weeklong investor road show in cities within the country and abroad is planned from September 29.
NHPC Chairman SK Garg could not be reached for comments despite repeated attempts. The company filed its offer document with the capital markets regulator, Securities and Exchange Board of India (SEBI) earlier on August 6.
NHPC plans to issue 167 crore equity shares of Rs 10 each. This would result in the dilution of 15 per cent of the government\\`s holding in the hydroelectric power major.
Currently, the government owns 100 per cent of the company. NHPC has a paid-up capital of Rs 11,500 crore, comprising of 1,150 crore equity shares of Rs 10 each.
Analysts tracking the sector sounded bullish on the proposed IPO. \\\\...
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stocks fly after you buy i follow this thread or long time now and see stocks move up and down thanks for this new stocks...
In reply to:
Its time to prepare shopping list guys !
Posted by : librankur
Dear Guest ,
Helping is what we all are here for.
My most recent catch is KS OIL , you make decide on the stock after due diligence.
:-)
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Companies have taken primary market investers for a ride by fixing astronomical price for their IPOs. I donot know, if there is any authority to check the rationale of IPO price range and they are doing any quality work. SEBI should make it mandatory for companies to get the rating of IPOs and the price. Nobody likes to invest and lose. Investment has to be for gain....
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hi ankur, do u have a target on ksoils.... i hold this one in huge qties thought at a little highr level... i missed avging it when it was trading around 40 and 50 levels few weeks back as was not here....
i recently bought marksans pharma and uflex ltd... any inputs on these 2 stocks....
In reply to:
Its time to prepare shopping list guys !
Posted by : librankur
Dear Guest ,
Helping is what we all are here for.
My most recent catch is KS OIL , you make decide on the stock after due diligence.
:-)
Tracked by: 751 Boarders
hey ankur
thnaks for your reply so you are still buying and making money do you have some info about rnrl thats new
regards
preeti...
In reply to:
Its time to prepare shopping list guys !
Posted by : librankur
Dear Guest ,
Helping is what we all are here for.
My most recent catch is KS OIL , you make decide on the stock after due diligence.
:-)
Tracked by: 0 Boarder
* State-run Oil India will launch its initial public offering of shares by
early November, having resolved the issue of appointment of independent
directors on its board.
-NW18
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