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.
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.
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