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Shares of stateowned Punjab and Sind Bank opened at Rs 144 on National Stock Exchange, with a premium of 20% over issue price of Rs 120 a share, which was below experts' expectations. Experts were expecting 25% premium on listing.
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In an exclusive interview with CNBCTV 18, Kiran Mazumdar Shaw, CMD of Biocon says that Clingene Syngene to undergo transformation in the business model and would wait for a year before listing the IPO. She also expects Pfizer revenues in the next 2436 months.
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Point Red Telecom, manufacturer of WiMAX equipments, is all set to tap capital markets to fund its expansion plans. It has filed draft red herring prospectus with market regulator SEBI for a Rs 102 crore initial public offering (IPO).
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Claris Life listed on the bourses today. Arjun Handa MD and CEO at Claris Lifesciences said he was confident of resolving FDA issues that were bogging the company, adding that he saw no regulatory issues cropping up.
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MOIL (earlier known as Manganese Ore India) ended with 24% premium to its issue price on NSE. It closed at Rs 464.20 up 23.79% from its issue price of Rs 375 a share, after witnessing an intraday high of Rs 590 and low of Rs 456 on the National Stock Exchange. The share opened at Rs 565 on both exchanges.
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