With reports saying that social networking giant Facebook may likely file its initial public offering (IPO) with the Securities and Exchange Commission as early as Wednesday, one pertinent question which is probably crossing the minds of some of the over 800 million Facebook users is whether they would be able a part of what will apparently be a truly historic deal.
For the largest producer of manganese in India, Manganese Ore India (MOIL), there is good news. The IPO of the state-owned company was subscribed 76 per cent on the first day of the bidding. This happened despite a bearish market.
The sixth one in the long list of disinvestment, that government is planning to do, the IPO has a price band of Rs 340-375 and via this the company is going to raise Rs 1,142 and Rs 1,260 crore. That however can be determined only when the price is finalized.
The competent institutional segment and high net worth individuals (HNI) have not revealed any attention in the IPO. The Claris Lifesciences initial public offering (IPO) of Ltd has been subscribed 0.06 times. The IPO got proposal for 489390 shares in opposition to the issue dimension of 8,848,921 shares on bid.
The high net worth individuals and competent institutional segment has not depicted any attention in the IPO. The subscription of the retail segment got for 0.7 times.
Initial public offering (IPO) of Sahara group's for Sahara Prime City is in problem on Wednesday, subsequent to the Securities and Exchange Board of India (Sebi) banned important promoters and executives, counting originator Subrata Roy, of Sahara through importune money via public for the release of securities.
It has been reported that Essar Energy has slashed its asking price for the London IPO to about 420 pence for every share taking the price to about $2.5 billion, which is incidentally very much below the initial price range that they had planned for the IPO.
It was previously reported that Essar was actually considering lowering the prices but it was not expected that they would actually go below the price range of 450p - 550p, which was announced before formally announcing the rate which they have decided upon.
The initial public offering of Jaiprakash Associates' subsidiary, Jaypee Infratech, has opened for subscription.
According to the data available on the NSE website, it has been subscribed 0.7 times till now.
Jaypee aims to raise a maximum of Rs. 23.5 billion (USD 530 million) through its issue. The price band for issue that closes on May 4, is at Rs. 102-117 per share.
The shares of textile maker Pradip Overseas made debut today at the Bombay Stock Exchange with premium of Rs 10 and listed at Rs 120.
The shares rose 2.54 per cent and were trading at Rs 112.80 after touching a high of Rs 123 and low of Rs 111.10. The listing witnessed the volume of 61,76,777 shares.
On the National Stock Exchange (NSE) the shares of the company were trading at Rs 115.40 after touching a high of Rs 122.70 and a low of Rs 110. The volume on the NSE was about 67,00,914 shares.
Leading jewelry-maker and exporter, Shree Ganesh Jewellery House, uncovered its plans to raise over Rs 328-crore via an initial public offering (IPO) with an aim to widen its operations and diversify its sphere into newer products.
"We plan to raise up to Rs 328-crore through our IPO. We will use a part of the IPO proceeds to expand our existing facility at Manikanchan SEZ in Kolkata and set up two new manufacturing units in Kolkata", Shree Ganesh Jewellery House's Managing Director, Umesh Parekh, told reporters here today.
The initial public offering of the government owned United Bank of India, which closed today, has reported to fetch overwhelming response from its varied investors. It has been subscribed 32.92 times, as per data available on the NSE website.
A good research report has come out on the Union Bank of India (UBI) IPO and ended up by advising everyone to subscribe to its issue stating its margin of safety which is quite significant and the advantage is that is also has attractive valuations.
UBI, which is a banking institution in the private sector, is all set to enter the capital market with an attractive IPO or initial public offering of about 5 crore of equity shares on the 23rd of February. It is also expected to close on the