1 vote
1 vote
Kaushalya Infrastructure Development Corporation has listed with expected premium of 13.16% at Rs 67.9 as against offer price of Rs 60. It has touched a high and low of Rs 74 and Rs 63.60 respectively.
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1 vote
Manaksia, a manufacturer of value added metal products and metal packaging products, has opened for subscription with a public issue of up to 15,500,000 equity shares of Rs 2 each for cash at a price band of Rs 140 to Rs 160 per equity share. Keynote Capitals has recommended subscribing to the issue with long term view.
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1 vote
The initial public offer of 50 lakh shares of Porwal Auto Components has received mild response. The issue subscribed just 1.03 times. It has received bids for 51.66 lakh equity shares as against 50 lakh shares on offer.
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1 vote
Riju Jhunjhunwala, Rajasthan Spinning Weaving Mills has informed CNBCTV18 that Bhilwara Energy will go for a preIPO placement IPO in the next 45 months. The preIPO placement likely in February 2008, Jhunjhunwala said. The company is looking to raise USD 350400 million via preIPO and IPO, he added.
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1 vote
Manjushree Extrusions, is making a rightscumfollow on public offer of equity shares aggregating to Rs.35.70 crore. The rights issue will open on January 7, 2008 and close on February 6, 2008, while the public offer will open on January 31, 2008 and close on February 6, 2008.
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1 vote
Nearly 102 companies had come out with an initial public offering in 2007 till December 17. The price movements of 79 out of 102 IPOs shows that investors would have been better off not selling their shares on the day of listing.
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1 vote
Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, has listed at Rs 790, a premium of 70% over its offer price of Rs 465.
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1 vote
Aries Agro (AAL), a micronutrient and other nutritional products for plants and animals manufacturing company, has listed at Rs 150 as against offer price of Rs 130 per share and touched a high of Rs 206, a gain over 58% in an early trade.
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1 vote
Future Capital Holdings (FCHL), the financial services arm of the Future Group, has received good response on day one of subscription period. The issue subscribed 2.38 times, as per data available on NSE website. It received bids for 1.52 crore equity shares as against 64.22 lakh shares on offer.
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1 vote
Bang Overseas, a provider of fashion fabrics and readytowear requirements in apparel, textile and retail segment, is opened for subscription with an IPO of 3,500,000 equity shares of Rs 10 each. The issue will constitute 25.81% of the postissue paidup capital of the company.
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1 vote
OnMobile Global, a leading provider of telecommunications value added software products and services, has opened for subscription with an initial public offering of 10,900,545 equity shares. Prabhudas Lilladher has recommended subscribing to the issue.
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1 vote
GSS America has come at a difficult time. Most issues are devolving; they are not getting sold. So it is very difficult to go out and make a case for buying smallcap IT in these conditions. One needs to stay with the blue chips there even if one has to pay 2030% valuation premium to the small companies.
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1 vote
It was an electrifying response on day one for Reliance Power IPO, which has subscribed 10.68 times. Maximum bids are at Rs 450 per share, a higher end of band Rs 405450. Public issue received bids for 2.4 billion shares as against 26 crore shares on offer and that bids worth of USD 27.5 billion (Rs 1.08 lakh crore).
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1 vote