IPO News
BGIL coming up with an IPO to raise Rs 54 crore
Bharatiya Global Infomedia Ltd (BGIL) intends to raise around Rs 50-54 crore through initial public offer (IPO). The company is entering the capital market with a public issue of 67.2 lakh equity shares of Rs 10 each. The bid will open on July 11, 2011 and close on July 14, 2011 by diluting 42.42 per [...]
DQ Entertainment lists at Rs 135 on BSE
The shares of DQ Entertainment makes a debut today by listing at Rs 135 per share at the bourses, with a premium of Rs 55 or 69 per cent as against its issue price on the BSE. The stock surges to Rs 140 in the early trade At 11.30 am, it was at Rs 112.70, [...]
Govt examining ways to prevent IPO fund misuse: Khurshid
The government is studying ways in order to prevent the over-pricing of initial public offers (IPO) and monitoring the end use of funds raised through IPOs to prevent the diversion of fund, said the corporate affairs minister Salman Khurshid. He also said that his ministry is examining the report of the expert group in order [...]
Jewellery IPOs shine on D-Street; 3 firms raise Rs 526 cr
With 3 firms raising a total of over Rs 526 crore during January-March, the initial share offerings of jewellery houses are shining on Dalal Street. Meanwhile, in the first 3 months of current calendar year, 3 companies in jewellery and allied businesses forayed into the capital market with their initial public offers (IPO). Thangamayil Jewellery [...]
Tirupati Inks’ FPO to raise Rs 50 crore
With a view to fund its expansion plans, Tirupati Inks Ltd. is eyeing to raise more than Rs. 50 crore from the capital market with its Follow-on Public Offer (FPO). The company will utilise the funds in order to set up a Greenfield unit at Ghaziabad for manufacturing specialty inks such as – digital ink, [...]
NMDC FPO gets poor response on day one
NMDC, mining major and the third government-owned company to hit the capital markets this year, received a very poor response on the first day of follow-on offer (FPO). As per the details available on the National Stock Exchange (NSE) website, the FPO was subscribed only 0.17 times with bids received for 57.12 million shares. The [...]