This Week's IPOs: Chart Industries, CHG Healthcare Services, GeoMet Inc., and WNS Ltd.

The following companys are going public this week: Chart Industries (GTLS), an oil/gas equipment company; CHG Healthcare Services (CHGH), a temporary healthcare staffing company; GeoMet, Inc. (GMT) , a US oil/gas exploration company; and WNS (Holdings) Limited (WNS), and Indian outsourcing firm. The following are key details from their respective SEC filings:

CHART INDUSTRIES (GTLS)

Business Description (from their Prospectus)

We are a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, based on our sales and the estimated sales of our competitors. We supply engineered equipment used throughout the liquid gas supply chain globally. The largest portion of end-use applications for our products is energy-related, accounting for 51% of sales and 58% of orders in 2005, and 77% of backlog at December 31, 2005. We are a leading manufacturer of standard and engineered equipment primarily used for low-temperature and cryogenic, or very low temperature, applications. We have developed an expertise in cryogenic systems and equipment, which operate at low temperatures sometimes approaching absolute zero (0 kelvin; -273° Centigrade; -459° Fahrenheit). The majority of our products, including vacuum-insulated containment vessels, heat exchangers, cold boxes and other cryogenic components, are used throughout the liquid gas supply chain for the purification, liquefaction, distribution, storage and use of hydrocarbon and industrial gases.

Underwriters:Morgan Stanley, Lehman Brothers, UBS Investment Bank

Offering: The company is offering 12.5 million shares at a price range of $19- $21. The company intends to use the proceeds to cover debt and pay dividends to existing shareholders.

Financial Highlights:

Gross profit for the three months ended March 31, 2006 was $37.0 million, or 30.6% of sales, versus $24.6 million, or 28.9% of sales, for the three months ended March 31, 2005 and reflected an increase of $12.4 million, or 1.7 percentage points. E&C segment gross profit increased $5.7 million in the three months ended March 31, 2006 compared to the three months ended March 31, 2005, primarily due to increased sales volume in both heat exchangers and process systems. The E&C segment gross profit margin increased 3.0 percentage points, primarily due to favorable project mix and higher production throughput. Gross profit for the D&S segment increased $5.3 million, or 0.8 percentage points, in the three months ended March 31, 2006 compared to the three months ended March 31, 2005, primarily due to higher sales volume and product price increases in both bulk storage and packaged gas systems. BioMedical gross profit increased $1.4 million, or 3.6 percentage points, in the three months ended March 31, 2006 compared to the three months ended March 31, 2005, primarily due to higher sales volume. In addition, the increase in the gross profit margin for the three months ended March 31, 2006 was primarily attributable to improved manufacturing productivity for the medical respiratory product line. In the three months ended March 31, 2005, we incurred higher manufacturing costs as result of transitioning this product line’s manufacturing from Burnsville, Minnesota to Canton, Georgia.

Select Competitors: Air Products (APD), Kobe, Linde

CHG HEALTHCARE SERVICES (CHGH)

Business Description (from Prospectus)

We are one of the oldest and largest nationwide providers of temporary physician staffing services, commonly referred to in the industry as “locum tenens,” in the United States. We also are a leading nationwide provider of temporary allied health and travel nurse staffing services and permanent placement of physicians and other healthcare professionals. Our temporary staffing services focus exclusively on travel staffing. Founded over 25 years ago, we have many long-standing relationships with healthcare professionals and customers, and we believe we have a reputation as one of the most trusted and experienced providers of healthcare staffing services. In 2005, we placed more than 6,500 healthcare professionals on over 18,500 temporary assignments in more than 35 physician and over 50 other healthcare specialties and subspecialties with over 4,100 customers. Our primary customers are hospitals and physician practices. Locum tenens accounted for 51.2% of our 2005 revenue, other healthcare staffing, which consists of allied health and travel nurse staffing, generated 42.6% and permanent placement of physicians and other healthcare professionals generated 6.2%. We contract directly with our customers and do not rely on third-party payors, such as Medicaid, Medicare or insurance companies, for reimbursement.

Underwriters: Citigroup, Lehman Brothers

Offering: The company is offering 4.9 million shares at a price ranger of $15.00 - $17.00. The company says that they will use the estimated $35.2 million in net proceeds to "repay the revolving credit draws and a portion of the term loans outstanding under our credit facility".

Financial Highlights:

Comparison of Three Months Ended March 31, 2006 to Three Months Ended March 31, 2005
Revenue. Revenue increased 11.2% or $10.9 million. Of this increase, $4.2 million was attributable to our acquisition of Foundation Medical Staffing in September 2005. The remaining $6.7 million increase was primarily attributable to an increase in revenue in our locum tenens staffing segment partially offset by decreases in revenue in our other healthcare staffing and permanent placement segments.

Gross Profit Gross profit represents revenue less cost of services. Our cost of services is comprised primarily of compensation and benefits, travel and housing costs, professional liability expense and other costs paid to or expended on behalf of temporary healthcare professionals on assignment. [Q1 2006] gross profit increased 17.9% or $4.5 million . Of this increase, $1.1 million was attributable to our acquisition of Foundation Medical Staffing. The remaining increase was primarily attributable to increases in gross profit in our locum tenens and other healthcare staffing segments partially offset by a decrease in gross profit in our permanent placement segment. Gross margin, or gross profit as a percentage of revenue, increased from 25.9% for the first quarter of 2005 to 27.4% for the first quarter of 2006. This increase resulted primarily from an increase in gross margin in our locum tenens and other healthcare staffing segments.

Select Competitors: AMN Healthcare Services, Inc (AHS)., Cross Country Healthcare, Inc. (CCRN)

GEOMET INC (GMET)

Business Description (from Prospectus)

We are engaged in the exploration, development, and production of natural gas from coal seams (coalbed methane or CBM). Our principal operations and producing properties are located in the Cahaba Basin in Alabama and the Appalachian Basin in West Virginia and Virginia. We were originally founded as a consulting company to the coalbed methane industry in 1985 and have been active as an operator and developer of coalbed methane properties since 1993. At December 31, 2005, we controlled a total of approximately 255,000 net acres of coalbed methane development rights, primarily in Alabama, West Virginia, Virginia, Louisiana, Colorado, and British Columbia. We are developing a total of approximately 77,000 net acres of coalbed methane development rights in the Gurnee field in the Cahaba Basin and in the Pond Creek field in the Appalachian Basin. We also control the balance of approximately 178,000 net acres of coalbed methane exploration and development rights primarily in north central Louisiana, British Columbia, West Virginia, and Colorado. We have conducted substantial gas desorption testing and drilling of core holes throughout our property base. We believe our extensive undeveloped acreage position in the Gurnee field in the Cahaba Basin and in the Pond Creek field in the Appalachian Basin contains a total of 586 additional drilling locations.

Underwriters: Banc of America, A.G. Edwards, Raymond James

Offering: The company is offering 6 million shares at a price range of $13.00 - $15.00. The company intends to use the approximately $70.1 million in proceeds to pay off debt.

Financial Highlights:

Gas sales [Q1 '06] Gas sales increased by $5.9 million, or 93%, to $12.3 million compared to the prior year quarter. The increase in gas sales was a result of increased production and average gas prices. Production increased 36% while average gas prices, excluding hedging transactions, increased 42%. The $5.9 million increase in gas sales consisted of a $3.6 million increase in prices and a $2.3 million increase in production. The increase in production was principally attributable to our Cahaba and Pond Creek development activities.

Select Competitors: Anadarko Petroleum Corporation (APC), BP p.l.c. (BP), Berry Petroleum Company (BRY)

WNS (HOLDINGS) LIMITED (WNS)

Also on SeekingAlpha: Indian Outsourcing Company WNS Plans IPO This Week

Business Description: (from Prospectus)

We are a leading provider of offshore business process outsourcing, or BPO, services. We provide comprehensive data, voice and analytical services that are underpinned by our expertise in our target industry sectors. We transfer the execution of the business processes of our clients, which are typically companies located in Europe and North America, to our delivery centers located primarily in India. We provide high quality execution of client processes, monitor these processes against multiple performance metrics, and seek to improve them on an ongoing basis.

Underwriters: Morgan Stanley, Deutsche Bank, Merrill Lynch

Offering: The company is offering 10.4 million shares at a price range of $18.00 - $20.00. The company will use the approximately $73.9 million in proceeds "for general corporate purposes, including capital expenditures and working capital, and for possible
acquisitions of businesses and delivery platforms."

Financial Highlights:

For fiscal 2006, fiscal 2005 and fiscal 2004, our revenue was $202.8 million, $162.2 million and $104.1 million, respectively, and our revenue less repair payments was $147.9 million, $99.0 million and $49.9 million, respectively. During fiscal 2006, our net income was $18.3 million and our operating income was $19.9 million. During fiscal 2005 and fiscal 2004, our net loss was $5.8 million and $6.7 million, respectively and our operating loss was $4.4 million and $7.0 million, respectively.

Select Competitors: Accenture Ltd (ACN), Affiliated Computer Services Inc. (ACS) , Electronic Data Systems (EDS).