Taksheel Solution will enter the capital market on September 29, 2011 with a fresh issue of 55 lakh equity shares of Rs.10 each; in the price band of Rs 130150 a share, aiming to raise Rs 71.582.5 crore.
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PC Jeweller today filed the draft document with market regulator SEBI for its initial public offer (IPO) to raise about Rs 500 crore for expansion and working capital requirement.
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The Jaipur based Tijaria Polypipes is coming out with its initial public issue of 1 crore equity shares to raise Rs 60 crore to part finance its expansion and diversification plans.
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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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Packaging material manufacturer RDB Rasayans is entering capital market with a public issue of 45 lakh equity shares on September 21 and has fixed a price band for the issue at Rs 7279 per equity share.
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Shares of SRS, a company into business from cinema exhibition, jewellery, food to retail, slipped sharply in the opening trade on listing day. The stock was trading near day's low of Rs 40.40, down 30.34% from issue price of Rs 68 a share on the National Stock Exchange.
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The staterun oil and gas explorer ONGC is right on track to launch the followonpublic (FPO) on September 20, 2011. The empowered group of ministers (EGoM) may meet tomorrow to decide the price band for Rs 10,500crore FPO offer.
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The government is going to divest 10% stake in navaratna status PSU Hindustan Aeronautics (HAL), reports CNBCTV18.
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A Tata group company Tata Autocomp Systems (TACO) has shelved its USD 260 million initial public offering (IPO), reports CNBCTV18 quoting agencies.
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Finally after postponement for several times, followon public offer of staterun Oil and Natural Gas Corporation (ONGC) is going to open for subscription on September 20, 2011.
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The initial public offer (IPO) of TD Power Systems was over subscribed 2.92 times on the last day of the issue today.
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According to KR Choksey TD Power is an attractive engineering player with strong RoE (~30%), high margins (10%) and market leadership position but the issue seem to be expensive on valuation in current macro environment. Hence, the research firm recommended AVOID to the issue.
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Diversified group SRS today said it would invest a sum of Rs 100 crore to strengthen its cinema business by opening new screens in the next two years in smaller cities and towns.
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SRS, a diversified company having businesses like cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery, has fixed issue price at Rs 5865 a share for its initial public offering (IPO) of 3.5 crore equity shares.
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Educational services provider Tree House Education and Accessories has received mild response to its initial public offering. The issue, which closed today, has seen bids for more than 1.32 crore equity shares as against issue size of 71.67 lakh shares (excluding anchor investors' portion).
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