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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 1,039,071 1,172,009 10,542,347 10,384,843 360,892 1,672,299 N.A. 4,478,811 N.A. 1,062,791 1,143,780 1,497,016 2,544,000 2,000,000 839,212 876,060 N.A. 2,201,845 548,337 344,264 3,392,151 3,515,039 466,234 386,399 304,582 400,337 67,381 50,003
IPO
April
May
Sun TV
Adhunik Metaliks
Kewal Kiran Clothing
Reliance Petroleum
Plethico Pharmaceuticals
Uttam Sugar Mills
Godawari Power & Ispat
Solar Explosives
Kamdhenu Ispat
Tantia Constructions
Gallantt Metal
Emkay Shares & Stock
Shivalik Global
Lokesh Machines
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.
968 31 185 63 270 176 155 31 126 11 63 26 131
IPO
Issue Price
Current Price
% Change
Sun TV
875
10.6%
Adhunik Metaliks
37
-15.7%
Kewal Kiran Clothing
260
-29.0%
Reliance Petroleum.
60
5.6%
Plethico Pharma
300
-10.0%
Uttam Sugar Mills
340
-48.4%
Godawari Power
81
71
-12.6%
Solar Explosives
190
-18.6%
Kamdhenu Ispat
25
22.2%
Tantia Constructions
50
152.7%
Gallantt Metal
10
12.2%
Emkay Shares
120
-47.7%
Shivalik Global
60
-56.9%
Lokesh Machines
140
-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.
For more mutual fund action in the market, click here.