IPO

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 .....

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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 .....

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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, .....

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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 .....

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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 .....

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Thinksoft IPO Price band reduced

Thinksoft Global Services has extended its initial public offering (IPO) closing date to October 1, 2009 from the earlier decided date, September 24, due to a lukewarm response from investors, especially qualified institutional investors (QIBs). It also reduced its IPO price band to Rs 115-125 from the earlier Rs 120-130 per share. Commenting on this development, Asvini Kumar, MD, Thinksoft Global Services, said till yesterday QIBs had not contributed much whereas the high networth individuals (HNI) portion was oversubscribed twice and the retail portion was .....

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Reliance Infratel files IPO papers

Anil Dhirubhai Ambani Group (ADAG) company and subsidiary of Reliance Communications, Reliance Infratel, has filed for the draft red herring prospectus (DRHP) for an initial public offering (IPO) of 15.6 crore shares with the SEBI (Securities and Exchange Board of India). The offer will be constituted 10.05% of the fully diluted post issue paid-up capital of the company. Post issue, Reliance Communication will continue to own 85% stake in the company. Part of proceeds will use for repaying RCIL (Reliance Communications Infrastructure Limited) loan of .....

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United Bk plans IPO in Jan 2010

United Bank of India (UBI) is looking to raise close to Rs 500 crore through its maiden initial public offer (IPO) that is expected to hit the markets by January 2010. UBI’s listing will leave Punjab and Sind Bank as the only public sector undertaking (PSU) bank, which is yet to be listed. The bank proposes to offload a 15% stake to the public by issuing 50 million shares that are likely to be priced between Rs 80-90 per share as per initial valuation estimates. .....

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Jindal Cotex listing Rs 77 on the NSE

Jindal Cotex listed at Rs 77 on the NSE, at a premium of 2.67% to its issue price of Rs 75 a share. The share touched an intraday high of Rs 77.25 and an intraday low of Rs 76.10 in the early trade. The total traded quantity was 1,52,682 shares and turnover was at Rs 117.55 lakh. On the BSE, the share opened at its issue price of Rs 75. It touched an intraday high of Rs 83.70 and intraday low of Rs 75. The .....

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Pipavav IPO Overbid 2 Times

Pipavav Shipyard has opened its initial public offering (IPO) of 85,450,225 equity shares of Rs 10 each for subscription. It has been subscribed 1.94 times so far and has received bids for 13.62 crore shares as against the issue size till 16 hours IST, as per the data available on the NSE website. Maximum bids were seen at Rs 60/share, the higher end of the price band. Qualified and non-institutional investors’ portion subscribed 1.09 times and 5 times. It will raise nearly Rs 513 crore .....

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OIL IPO Price fixed at Rs. 1050 per share

The price for the highly demanded Oil India’s (OIL) initial public offering (IPO) has been fixed at Rs 1,050 per share by the priceminister’s panel, the Oil Secretary RS Pandey informed. According to the reports, the company will list its equity shares on the bourses on the September 30, 2009. OIL, the second largest oil and gas company in India, had come out with the OIL IPO of 264.5 lakh equity shares of face value Rs 10 each and raised Rs 2,777 crore. The issue .....

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OIL IPO: Should I Subscribe?

Oil India Ltd. (OIL), the second largest oil and gas company in India, opened its initial public offering (IPO) of 26.45 lakh equity shares of face value Rs 10 each for subscription today (7th September, 2009). The issue price for the IPO has been fixed at Rs 950-1050 per equity share and it will raise around Rs 2,512 – Rs 2,777 crore. The question that the investors are having in their minds is that should one subscribe to the issue or not. While most experts .....