SP Tulsian of sptulsian.com reviewed two recent IPOs Flexituff and PG Electroplast. He also gave reading and outlook for these stocks.
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In an interview to CNBCTV18, Pavan Kumar Kuchana, chairman and managing director, Taksheel Solutions said, the company will use Rs 22 crore of IPO proceeds for acquisitions.
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Samvardhana Motherson Finance Ltd (SMFL) today said it has filed preliminary papers with market regulator Sebi for an initial share sale to raise about Rs 1,750 crore.
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The initial public offering of Flexituff International, a leading integrated manufacturer of flexible intermediate bulk containers (FIBC), has opened for subscription today.
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Informationtechnology firm Taksheel Solutions' (TSL) Rs 80 crore IPO has opened for subscription today.
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Bad market conditions forced the Swajas Air Charters, an air charter services provider, to reduce the IPO price band to Rs 8490 from earlier Rs 90100 a share. The company also extended the closing date to October 5 from September 28, 2011.
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Tijaria Polypipes (TPIL) is engaged in the manufacturing of prelubricated HDPE pipes, PVC SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps with a total production capacity of 35,256 MTPA.
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Samvardhana Motherson Finance Ltd (SMFL) today said it has filed preliminary papers with market regulator Sebi for an initial share sale to raise about Rs 1,750 crore.
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Flexituff International, a leading integrated manufacturer of Flexible Intermediate Bulk Containers (FIBC) is entering the Indian capital markets with its initial public offer (IPO) for 67.5 lakh equity shares including offer for sale of up to 22.5 lakh equity shares by Clearwater Capital Partners (Cyprus) Limited of face value of Rs 10/ each.
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Infonet IT Solutions plans to raise Rs 60 crore for the business expansion. through the initial public offering route. The company has filed draft red herring prospectus with market regulator SEBI.
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Anurag Mundra, Whole Time Director of MB Switchgears in an interview to CNBCTV18 said the high price of IPO is justfied because the renewable energy business offers huge potential in the long run.
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The Rs 37.5crore initial public offering of Swajas Air Charters (SACL), an air charter services provider, closes today. MLR Securities has recommended investors to avoid the issue, in its research report dated September 28.
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Financial service company Onelife Capital Advisors' (OCAL) initial public offering of 33.5 lakh equity shares has opened for subscription today.
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The 50lakh equity shares' IPO of Transformer manufacturer M and B Switchgears has opened for subscription today. The company plans to raise more than Rs 90 crore through the issue by diluting 25% post issue.
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Packaging material manufacturer RDB Rasayans has fixed the issue price at higher end of price band of Rs 7279 a share.
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