Fund managers invested in 14 out of the 19 initial public offers, IPOs that listed in the month of April and May.
Sun TV, Adhunik Metaliks, Kewal Kiran Clothing, Reliance Petroleum, and Plethico Pharmaceuticals received overwhelming response across funds. However, they stayed away from Rohit Ferro Tech, R Systems International, Powersoft Global Solutions, and JRG Securities.
Lokesh Machines, Shivalik Global, Emkay Shares & Stock, and Gallantt Metal were the lesser popular IPOs with fund managers.
|
Shares held by Mutual Funds | ||
| IPO | April | May |
| Sun TV |
1,039,071 |
1,172,009 |
| Adhunik Metaliks |
10,542,347 |
10,384,843 |
| Kewal Kiran Clothing |
360,892 |
1,672,299 |
| Reliance Petroleum |
N.A. |
4,478,811 |
| Plethico Pharmaceuticals |
N.A. |
1,062,791 |
| Uttam Sugar Mills |
1,143,780 |
1,497,016 |
| Godawari Power & Ispat |
2,544,000 |
2,000,000 |
| Solar Explosives |
839,212 |
876,060 |
| Kamdhenu Ispat |
N.A. |
2,201,845 |
| Tantia Constructions |
548,337 |
344,264 |
| Gallantt Metal |
3,392,151 |
3,515,039 |
| Emkay Shares & Stock |
466,234 |
386,399 |
| Shivalik Global |
304,582 |
400,337 |
| Lokesh Machines |
67,381 |
50,003 |
SUN TV: 21 schemes across 7 funds invested in April. But these numbers dropped to 12 schemes across 6 funds by May end. JM MF exited it, while PRINCIPAL MF sold the stock extensively. However, HDFC, Tata, and SBI MF added to their investments in the stock.
HDFC Equity Fund was the top investor in the stock with over 8.4 lakh shares as on May 31, 2006. Among fund houses, HDFC MF with over 8.7 lakh shares was the top investor in the stock.
As on today, funds hold over 11.7 lakh shares of SUN TV worth Rs 113.92 crore.
Adhunik Metaliks: 4 schemes across 3 fund houses invested in April. Templeton and Kotak MF maintained their position in May too. However, Pru ICICI off-loaded few shares of the stock.
Franklin India Smaller Companies Fund was the top investor in Adhunik Metaliks with over 45 lakh shares as on May 31, 2006. Among fund houses, Pru ICICI MF with over 54.8 lakh shares was the top investor in the stock.
As on today, funds hold over 103.8 lakh shares of Adhunik Metaliks worth Rs 32.45 crore.
| IPO | Issue Price | Current Price | % Change |
| Sun TV | 875 |
968 |
10.6% |
| Adhunik Metaliks | 37 |
31 |
-15.7% |
| Kewal Kiran Clothing | 260 |
185 |
-29.0% |
| Reliance Petroleum. | 60 |
63 |
5.6% |
| Plethico Pharma | 300 |
270 |
-10.0% |
| Uttam Sugar Mills | 340 |
176 |
-48.4% |
| Godawari Power | 81 | 71 | -12.6% |
| Solar Explosives | 190 |
155 |
-18.6% |
| Kamdhenu Ispat | 25 |
31 |
22.2% |
| Tantia Constructions | 50 |
126 |
152.7% |
| Gallantt Metal | 10 |
11 |
12.2% |
| Emkay Shares | 120 |
63 |
-47.7% |
| Shivalik Global | 60 |
26 |
-56.9% |
| Lokesh Machines | 140 |
131 |
-6.1% |
Kewal Kiran Clothing: 6 schemes across 2 funds invested in April. By May-end, 9 schemes across 3 funds held it. Pru ICICI MF introduced the stock into its portfolio in May.
Pru ICICI Fusion Fund was the top investor with over 6.4 lakh shares. Among fund houses, Pru ICICI MF with over 10.8 lakh shares was the top investor in the stock.
As on today, funds hold over 16.7 lakh shares of Kewal Kiran Clothing worth Rs 31.07 crore.
Reliance Petroleum: 24 schemes across 11 fund houses bought over 44.7 lakh shares in May. SBI's Magnum Contra Fund was the top investor in the stock with over 19 lakh shares. Among fund houses, SBI MF with over 31.6 lakh shares is the top investor in the stock followed by HDFC MF with over 7.3 lakh shares.
As on today, funds hold over 44.7 lakh shares of Reliance Petroleum worth Rs 28.37 crore.
Plethico Pharmaceuticals: 15 schemes across 4 fund houses bought over 10.6 lakh shares in May. Pru ICICI Power was the top investor in the stock with over 4.6 lakh shares. Among fund houses, Pru ICICI MF with over 8.4 lakh shares is the top investor in the stock.
As on today, funds hold over 10.6 lakh shares of Plethico Pharmaceuticals worth Rs 28.28 crore.
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