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| Discuss V-Guard IPO at the Initial Public Offers (IPO's) within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Issue Date : February 18 - February 21. Price Band : Rs 80 - 85. ... |
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#1
12th February 2008, 12:00 PM
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V-Guard IPO
Issue Date : February 18 - February 21.
Price Band : Rs 80 - 85. Lot Size : 80 V-Guard Industries Ltd has announced a price band of Rs 80-85 for its forthcoming initial public offering of 80-lakh equity shares with a face value of Rs 10 each at a premium. The net issue to the public comprises of 76-lakh equity shares, while four-lakh shares have been reserved for its employees. The issue is slated to open on February 18 and close on February 21. The issue would constitute 26.80 per cent of the fully diluted post issue paid up equity share capital of the company. For a face value of Rs 10, the floor price is eight times the face value and cap price is 8.5 times, a press release from the company said. The company is likely to mobilise Rs 68 crore at the upper end of the price band. The capital raised from the issue is to be deployed to set up cable manufacturing facilities in Coimbatore and Uttarakhand, an enameling plant at Coimbatore, and development and pilot production plants for water heaters, fans and pumps are also envisaged at Coimbatore and Himachal Pradesh. The company has been making profits and paying dividends consistently during the last five years. The net profit of the company has grown from Rs 4.89 crore in March 2003 to Rs 13.49 crore in March 2007. 
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#3
13th February 2008, 06:11 PM
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Re: V-Guard IPO
thnx for the info seal
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#5
14th February 2008, 07:40 PM
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Re: V-Guard IPO
thnx again
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#7
18th February 2008, 09:33 PM
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Re: V-Guard IPO
You can look at nse website and on vguard on the current IPOs. It is on the home page itself. At the end of first day the retail portion is subscribed 0.1406 times and employees 0.6144 times. Overall it has already been subscribed 0.96 times.
Most likely it will sail through very well.
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#9
20th February 2008, 12:14 PM
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Re: V-Guard IPO
shall i apply to REC IPO ? is it viable?
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