Vaswani Industries, a sponge iron manufacturer, has fixed the issue price for its initial public offering at higher end of price band of Rs 4549 a share.
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The Rs 219.58 crore initial public offering of Punebased multiproduct engineering company Innoventive Industries (IIL) opened for subscription. KR Choksey has recommended subscribing the issue with long term perspective, in its research report.
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In an interview with CNBCTV18, R Ramswamy, chairman and managing director of Servalakshmi, spoke about the companys IPO plans and the road ahead.
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Paramount Printpackaging's public issue has received good response from investors mainly noninstitutional and retail investors. The issue, which closed today, has subscribed 3.92 times, as per data available on National Stock Exchange.
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Followon public offer of staterun lender Power Finance Corporation (PFC) will open for subscription during May 1013, reports CNBCTV18 quoting sources.
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The over Rs 11,000 crore followon public offer (FPO) of the Oil and Natural Gas Corporation (ONGC) is likely to hit markets between June and July this year, a top central government official said here today.
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Country's largest gold financing company Muthoot Finance's initial public offering, which closes on April 21, has received good response from investors especially qualified institutional investors.
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The initial public offering of Muthoot Finance, the nonbanking finance company engaged in gold loan business, opened for subscription. Aditya Birla Money has recommended subscribing the issue with a medium to longterm perspective, in its research report.
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HDFC Standard Life is planning to push its initial public offering to next year as current valuations are not attractive. This comes even as the insurance regulator is expected to announce IPO guidelines by the monthend.
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The Offer
The present IPO is a fresh Issue of 5.15 cr Equity Shares of `10 each by the company which constitutes 13.85% of the companys postissue paidup capital. The offer is being made in the price band of `160 `175 a piece. Thus, the issue size amounts to ` 824 cr to ` 901 cr.
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Muthoot Finance, the nonbanking finance company engaged in gold loan business, plans to raise Rs 901 crore via an initial public offer of 5.15 crore equity shares in the price band of Rs 160175.
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Shilpi Cable Technologies saw bulk selling on listing day, which resulted 30% fall in the stock to close at Rs 48.35 as against issue price of Rs 69 a share especially after 20% spike up in initial trade on the National Stock Exchange
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Cables manufacturer Shilpi Cable Technologies started the trade above expectations on first day, with opening at Rs 78 as against issue price of Rs 69 a share on the National Stock Exchange.
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Punebased manufacturer of drugs, Emcure Pharmaceuticals, is planning to raise money through an initial public offering, according to market sources. The size of the IPO, expected to come in the second half of the year, is around Rs 650700 crore.
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Prime Retail India has filed draft red herring prospectus with the market regulator SEBI for a public issue of 75 lakh equity shares of face value of Rs 10 each.
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