Daily News from Bse,Nse Stock Markets of India |IPO Information
May 7th, 2008 — IPO, IPO Subscription
Gokul Refoils And Solvent IPO will hit the markets on May 8th, with an public offer of over 71.5 lakh equity shares of Rs. 10 each to be issued at a price band of Rs. 175 to Rs. 195. Gokul Refoils IPO will open for subscription on May 08, 2008 and the issue closes for subscription on May 13, 2008.
About the Company
March 27th, 2008 — IPO, IPO Subscription
Titagarh Wagons IPO Subscription closed today, overall the issue has received very decent response from the investors with the issue getting subscribed by 6.75 times.
Final Subscription Figures of Titagarh Wagons IPO
February 19th, 2008 — IPO, IPO Subscription
REC IPO Subscription Details : (Rural Electrification IPO) has received tremendous response from the investors and has been fully subscribed with in the initial hours of its opening. REC IPO Subscription was 28 times at the end of day and majority of the bids are received in the QIB’s segment, Retail segment was subscribed by 6 times . Rural Electrification Corporation IPO Analysis has been done by many experts and everyone has suggested to apply in REC IPO for listing gains. Rural Electrification Corporation is available at a very attractive price compared to its peers the Power Finance Corporation (PFC) and considering the fact that the company has long serving record in the industry, investors can definitely invest in REC IPO for listing gains. Investors can expect decent allotment in Rural Electrification IPO as the number of shares offered under this segment is huge. More updates on REC IPO Subscription details will be posted here regularly.
February 15th, 2008 — IPO, IPO Subscription
GSS America Infotech IPO promoters should be very happy as the issue is fully subscribed now compared to the other recent IPO’s which were withdrawn due to poor response from the investors. GSS America Infotech IPO has received full subscription from the QIB’s and Non Institutional investors, but the issue is not fully subscribed in the retail segment and under the employees category. If the markets trade bullish today like yesterday, GSS America Infotech IPO subscription figures should be complete as the issue closes today. GSS America Infotech IPO price band is between Rs. 400 and Rs. 440 per share and the company plans to use the proceeds raised from the issue for setting up Global Delivery Centre at Hyderabad for its software operation. GSS America Infotech IPO is proposed to be listed on the BSE and NSE. More information and updates on GSS America Infotech IPO will be posted here.
February 8th, 2008 — IPO, IPO Subscription, Refund
Emaar MGF IPO has been withdrawn and the company has stated that it will refund the application money back to the investors in another 10-15 days. Main reason for the withdrawal of Emaar MGF IPO was because of the market sentiment and high pricing. Primary markets are facing tough time as lot of issues have to be extended and some of them getting withdrawn. Wockhardt Hospitals IPO Withdrew its IPO yesterday and SVEC IPO has extended the issue closing date to 13th of February, 2008.
Emaar MGF has revised its price band twice initially priced at Rs. 610 – 690 the company has reduced it to to Rs 540-630, with the subscription not getting done the company has extended the issue to 11th February and changed the price band to o Rs 530-630. Emaar MGF IPO Subscription today was over 0.84 times in the morning but suddenly QIBs and HNIs have started withdrawing their bids and the subscription dropped from 0.84 times to 0.43 times which made the company to rethink its IPO plans and has announced the withdrawal.
February 7th, 2008 — IPO, IPO Subscription
REC IPO will hit the markets for subscription on Monday, 19th February 2008. Rural Electrification IPO will issue over 15.6 crore equity shares at a price band of Rs. 90 to Rs. 105. Out of the total available shares employees reservation is fixed at over 39 lakh equity shares. Rural Electrical Corporation, REC is one of India’s leading Power Infrastructure company, which finances, promotes and helps in distribution of power projects .Rural Electrification Corporation has been awarded Mini Ratna Grade-1 status and the President of India currently holds 100 per cent paid up capital in the company through Ministry of Power and post IPO the share will come down to just over 81 per cent. R
Rural Electrification Corporation IPO is backed up by good financials of the company, for the FY07 the company has reported sales over Rs.2652 crore with Profit after tax standing at over Rs. 684 crore.
February 7th, 2008 — IPO, IPO Subscription
Wockhardt Hospitals IPO has been withdrawn according to the reporsts in various media. Wockhardt Hospitals IPO has received very poor response from the investors as the issue was heavily over priced compared to its peers like Apollo Hospitals and Fortis Healthcare. Subscription figures on the closing day were HNI Segment – 0.006 times, QIB’s – 0.3 times and the Retail segment was subscribed by only 0.2 times. Investors who have applied in this IPO has to wait for another 15 days to get the refunds from the registrar. More information regarding the Wockhardt Hospitals IPO Withdrawal news will be updated here as soon as it is known from the company.