Daily News from Bse,Nse Stock Markets of India |IPO Information

Kiri Dyes and Chemicals IPO Allotment Status is ready . Kiri Dyes and Chemicals IPO opened on March 25, 2008 and closed on April 02, 2008. Overall the IPO was oversubscribed by 1.43 times and on the retail side by 2.3803 times .

Investors who have applied in Kiri Dyes and chemicals IPO can check the allotment status with the application numbers in hand at the link given below.

Kiri Dyes and Chemicals IPO Allotment

Aishwarya Telecom IPO opens on 15th April, 2008 with an public issue of 52 lakh equity shares of Rs. 10 each to be issued at a premium of Rs. 32 on the lower end and Rs. 35 on the higher end. Aishwarya Telecom manufactures a wide range of Telecom Fiber Optic products and supplies to Bharat Sanchar Nigam Limited, Tata Tele Services, Bharati Telenet, HFCL public sectors defence sectors like ECIL in India. ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai. ATL manufactures products for Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators.

Aishwarya Telecom IPO Proceeds are planned to be used to :

Fund the Capital Expenditure for Research & Development of Main Frame Optical Time Domain Reflecto Meter (OTDR) in collaboration with IIT, Chennai;
Fund the Capital Expenditure for Research & Development of Ethernet Traffic Analyzers;
Fund the cost of Global System for Mobile Communication (GSM)/ General Packet for Radio Service (GPRS)/Code Division Multiple Access (CDMA) Analyzers for providing Technical Audit Services to the Mobile Operators;
Purchase land & construct building for new corporate, marketing, administrative and R&D office at Hyderabad;
Purchase land & construction of building for a new production unit at Hyderabad;

Aishwarya Telecom IPO Information

IPO Type: 100% Book Built Issue (Initial Public Offer IPO)
IPO Opens : April 15, 2008 to April 17, 2008
IPO Size: 52,00,000 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 32/- to Rs 35/-
Listing on : BSE, NSE
Lead Manager: SREI Capital Markets Ltd
Registrar: Big Share Services Pvt Ltd.

Indore-based agro-company Sita Shree Food Products on Monday got listed at Rs 35 at the National Stock Exchange (NSE) with a premium of 16.66% compared to its issue price of Rs 30.

Within minutes of listing the scrip touched a high of Rs 43.40 and a low of Rs 33.95. Over 5 million shares exchanged hands at the NSE.

On the Bombay Stock Exchange (BSE) the company got listed at Rs 30 and hit a high of Rs 44.40. Here over 9.27 million shares were traded.

The scrip was last trading at Rs 42.90, up Rs 12.90, or 43% on BSE and at Rs 40.95 on NSE at 10:06 a.m.

United Breweries  Rights Issue price has been fixed and announced by the company today to the exchanges. United Breweries earlier announced that the company will issue Rights Shares in the ratio of 1:9 (1 Rights share for 9 equity shares held) at the rate of Rs. 177 per equity share. United Breweries Rights issue Record Date has been fixed as April 21st , 2008. United Breweries is currently trading at Rs 189.15 on the BSE which indicates that the investors can buy the shares in the general market as there is no much difference in the rights  price and the secondary market price.

Gammon Infrastructure Projects IPO Allotment is ready to check for the investors. Gammon Infra IPO was overall oversubscribed by 3.48 times and on the retail side by1.0856 times .

Click here for Gammon Infra IPO Allotment .

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

Qualified Institutional Buyers (QIBs) quota : 10.37 times.

Non Institutional category oversubscribed : 2.77 times

Retail Individual Investors (RIIs) category : 0.98 times and

Employees category : 0.07 times.

Shree Renuka Sugars Stock Split Record Date has been fixed as Apr. 21, 2008. In an announcement made to the stock exchanges the company has informed that the members have fixed 21st April, 2008 as the record date for the purpose of sub-division of the equity shares of Rs 10 each into equity shares of Re 1 each.

Shree Renuka Sugars has registered a 3.48 times growth in net profit to Rs 272.00 million for the quarter ended December 2007 as compared with Rs 78.00 million for the corresponding quarter last year. Shares of the company closed down Rs 9.3, or 0.94%, to settle at Rs 980.5.