PC Jawellers Plans IPO

PC Jeweller plans initial public offer (IPO) to raise up to Rs 570 crore for opening of 20 new retail showrooms across the country. The Delhi-based jeweller, which currently has 20 stores, had filed the DRHP with the market regulator SEBI last week, to launch its IPO of 4.51 crore equity shares of Rs 10 each.
PC Jeweller posted a net profit of Rs 146.7 crore over a turnover of Rs 1,993.84 crore during the last fiscal.
The company has two jewellery manufacturing facilities in Uttarakhand that cater to domestic market and two facilities at Noida for exports market. In addition to retail operations, the company sells gold and diamond jewellery on a wholesale basis to other jewellery retailers in India. It export gold and diamond jewellery on a wholesale basis to distributors in Dubai, Hong Kong and Singapore. In the last fiscal, exports contributed about 34 per cent to the company's total income.
The book running lead managers are SBI Capital Markets and Kotak Mahindra Capital Company and the co-book running lead manager is IDBI Capital Market Services.

Maruti Suzuki Sales No.s

Maruti Suzuki Sales no.s
Co. reported a 20.8% decline in sales for September to 85,565 units due to labour unrest at its Manesar plant that severely affected production.The company had sold 1,08,006 units in the same month last year.
The Manesar facility rolls out Maruti Swift that has a waiting period of over four months. The plant also produces hatchback A-Star and sedan SX4.
Luxury sedan Kizashi witnessed sales of 14 units.
MSI's exports in September also fell, down 47.5%, to 6,749 units from 12,858 units in the year-ago period.
Sales of the company's mini-segment cars, including the M800, A-Star, Alto and WagonR, fell by 23.5% to 37,324 units from 48,780 units in September, 2010.
Estilo, Swift and Ritz witnessed a 9.3% dip in sales to 19,722 units from 21,749 units in the same month a year ago.
Sales of DZiRE, however, grew by 9.9% to 9,411 units from 8,566 units in the corresponding period a year ago. MSI's mid-sized sedan SX4's sales slipped by 90% to 196 units from 1,965 units in the year-ago month.

Tata Motors Sept. Sales No.s

Tata Motors Sales no.s
The company had sold a total of 64,668 units in the same month of 2010.
The homegrown firm's total passenger vehicles sales in the domestic market stood at 26,319 units in September, up 10.22% from 23,877 units in the same month last year.The company's small car Nano's sales stood at 2,936 units during the month, down 47%.
The 'Indica' range reported sales of 10,282 units, up 64% from September, 2010.
The 'Indigo' family recorded sales of 7,793 units, a decrease of 11% in comparison to the same month last year. Sales of 'Sumo', 'Safari', 'Aria' and 'Venture' grew by 60% to 5,308 units.
In the commercial vehicles segment, the company sold 46,247 units in the domestic market in September, compared to 35,734 units in the same month last year, up 29%.
LCV sales during the month amounted to 28,092 units a growth of 47% over last year
Medium and heavy commercial vehicle sales stood at 18,155 units, a growth of 9% compared to September, 2010.