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JSW Energy, a part of JSW group, is coming out with an initial public offering (IPO) of Rs 2700 crore. The issue will open for subscription between December 79, 2009.
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Construction company, MBL Infrastructure has listed at Rs 185 as against issue price of Rs 180 per share on the NSE. At 9:17 hours IST, the share was trading at Rs 210.50, a premium of 16.94%. It has touched an intraday high of Rs 219.40 and low of Rs 185.
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HDFC Securities has come out with a research report on Infinite Computer Solutions (ICS) IPO. The research firm said investors willing to take risk could subscribe for listing gains.
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Udayan Mukherjee, Managing Editor of CNBCTV18 believes the upcoming NMDC issue will prove to be the governments acid test going forward. "The government may easily say that I made a mistake with NTPC and NHPC. I will treat NMDC like a real IPO and give a good discount to people in the market."
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The response to the initial public offering (IPO) of Hathway Cable and Datacom, a cable television services provider, was lukewarm. The issue was subscribed just 1.34 times, as per data available on the NSE website. The 277.5 lakh equity shares IPO closed today.
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Accelerating its business in landstarved Mumbai which has thousands of dilapidated and ageing buildings, realty developer Kumar Urban development Limited (KUL) has embarked on a series of 18 redevelopment projects, including two massive skyscrapers, across the island city with an initial investment of over Rs 500 crore.
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India's largest power generation company NTPC has credited shares, recently issued via its followon public offering (FPO), to the beneficiary account of the successful allottees in the FPO on February 18, 2010.
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