October 2009

Indiabulls Power lists at Rs.45 and then loses 16% in early trade

Indiabulls Power listed at Rs 45.05 on the NSE today, near its issue price of Rs 45. However, the share fell sharply and at 9.56 am, it was trading at Rs 37.70, at a huge discount of 16.22% to its issue price. The share touched an intraday high of Rs 45.05 and an intraday low of Rs 35.35 in the early trade. The total traded quantity was 1,54,44,101 shares and turnover was at Rs 5,895.01 lakh. On the BSE, the share opened at Rs 44.95, .....

Continue Reading →

Den Networks IPO opens for Subscription

The initial public offering (IPO) of Den Networks has opened for subscription today. The issue is of up to 20,000,000 equity shares of Rs 10 each. The issue will close on October 30, 2009. The company has fixed price band between Rs 195-205/share. The issue comprises a net issue to the public of up to 19,750,000 equity shares and a reservation of up to 250,000 equity shares for subscription by eligible employees. The issue would constitute up to 15.16% of the post-issue paid-up equity share .....

Continue Reading →

Thinksoft Global lists at Rs 126 on the NSE

Thinksoft Global Services listed at Rs 126 on the NSE today, at a marginal premium of 0.8% to its issue price of Rs 125 a share. However, the stock gained momentum and at 9.56 am, the share was trading at Rs 133, at a premium of 6.40% to its issue price. The share touched an intraday high of Rs 134.80 and an intraday low of Rs 126 in the early trade. The total traded quantity was 6,06,972 shares and turnover was at Rs 796.53 lakh. .....

Continue Reading →

Why Should I buy Gold?

All of us find reasons before making any kind of investments. A couple of days ago, I was in the same dilemma and I was asking myself the reasons why I should buy Gold. Here, I am listing a few of them that I had in my mind to justify my thought of investing in gold and also, while browsing on the internet, I came across some interesting reasons behind why at all should one invest in gold. However, let me warn you that I .....

Continue Reading →

Pipavav Shipyard lists at Rs 61.10 on the NSE

Pipavav Shipyard listed at Rs 61.10 on the NSE today, at a premium of 5.34% to its issue price of Rs 58 a share. At 9.56 am, the share was trading at Rs 60.30. The share touched an intraday high of Rs 61.10 and an intraday low of Rs 59.90 in the early trade. The total traded quantity was 539611 shares and turnover was at Rs 324.9 lakh. On the BSE, the share opened at Rs 60.05, at a premium of 3.53% to its issue .....

Continue Reading →

Pipavav Shipyard issue priced at Rs 58/sh; listing on Oct 9

India?s largest dockyard Pipavav Shipyard will list its equity shares issued via public issue on October 9, 2009. It has fixed its issue price at Rs 58. The IPO was subscribed almost 9 times. Building India?s largest dry dock and world class multi-sector fabrication facility, Pipavav Shipyard hit the capital market on September 16 and closed on September 18. The company raised over Rs 495 crore with the issue of over 85.45 million equity shares of Rs 10 each and the issue came with a .....

Continue Reading →

RIL Rewards 1:1 bonus to Shareholders

Mukesh Ambani group firm Reliance Industries on Wednesday said it will issue one bonus share for every share held in the company. The board of directors of the company at its meeting held today, recommended issuance of bonus shares in the ratio of one equity share of Rs 10 each for each share held, RIL said in a filing to the Bombay Stock Exchange. The issue of bonus shares is subject to the shareholders’ approval, it added. The board has also declared a dividend of .....

Continue Reading →

Thinksoft Global IPO subscribed 2.57 times

The initial public offering (IPO) of Thinksoft Global Services was subscribed 2.57 times as per the NSE website. The issue received total bids for 93,70,900 shares against its issue size of 36,46,000. The issue was scheduled to close on September 24 but was extended due to lukewarm response from investors. The company had also reduced its IPO price band to Rs 115-125 from Rs 120-130 per share. Read Full Article Here: Thinksoft IPO Price band reduced The issue had opened for subscription on September 22, .....

Continue Reading →

Indiabulls Power IPO to open on Oct 12

According to the sources, the initial public offering (IPO) of Indiabulls Power, a subsidiary of Indiabulls Realty will open for subscription on October 12, 2009 and will close on October 15, 2009. From this issue, the company is expected to raise around Rs 2,000 crore. The proceeds of the issue will be used to part finance the construction and development of the 1,320 MW Amravati Power Project Phase ? I (Rs 775 crore from the issue) and for funding equity contribution in the company?s wholly .....

Continue Reading →

Glenmark to raise Rs 575cr: Sources

Glenmark Generics filed a draft red herring prospectus (DRHP) yesterday, according to the sources. Glenmark Pharma would raise Rs 575 crore via Glenmark Generics initial public offer (IPO). The issue values Glenmark Generics at Rs 5,000 crore. This is sourced based information and we get to hear that, the company will raise Rs 575 crore through the IPO in Glenmark Generics. This values Glenmark Generics at about USD 1 billion or Rs 5,000 crore, the equity dilution in Glenmark Pharma is expected to be between .....

Continue Reading →

Bharti-MTN deal failed :: The Inside Story

According to the sources, the fate of the unsuccessful Bharti-MTN deal was sealed by the South African government?s treasury as much as three weeks back. The treasury wrote to MTN Phuthuma Nhleko on September 11 insisting that for the deal to go through, the potential merged company should remain domiciled in South Africa and should be listed in both companies, something that was not a possibility under existing Indian laws. MTN, South Africa?s largest telecom company, and India?s Bharti were exploring a deal that could .....

Continue Reading →