Daily updates on Initial Public Offers (IPO)

[live_wire]

Tata Steel FPO opens on 19th January

Notwithstanding weak market conditions, Tata Steel has decided to go ahead with its follow on public offer (FPO). The issue opens on bidding on Wednesday, 19 January 2011 and closes on Friday, 21 January 2011. Tata Steel shares settled at Rs 621.70 on BSE on Friday, 14 January 2011. The anchor book will be open one day ahead of the issue i.e. on 18 January 2011.

The company is offering a total of 5.7 crore shares through the FPO, which includes reservation of 15 lakh shares for eligible employees of the firm. The issue size at the upper end of the price band of Rs 610, works out to Rs 3477 crore.

Tata Steel intends to use issue proceeds for partly financing the companys share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Pvt Ltd, Deutsche Equities (India) Pvt Ltd, HSBC Securities and Capital Markets (India) Pvt Ltd, RBS Equities (India) Limited. SBI Capital Markets Limited and Standard Chartered Securities (India) Limited are book running lead managers to the issue. Link Intime India Pvt Ltd is the registrar.

Issue Detail:

Issue Open: Jan 19, 2011 - Jan 21, 2011
Issue Size: Rs. 3,385.80 - 3,477.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 594 - Rs. 610 Per Equity Share

 

[San Yad]

Omkar Speciality Chemicals Ltd IPO

Issue Open: Jan 24, 2011 - Jan 27, 2011

Issue Type: 100% Book Built Issue IPO

Issue Size: 8,100,000 Equity Shares of Rs. 10

Issue Size: Rs. 76.95 - 79.38 Crore

Face Value: Rs. 10 Per Equity Share

Issue Price: Rs. 95 - Rs. 98 Per Equity Share

Market Lot: 60 Shares

Minimum Order Quantity: 60 Share

CARE Limited has assigned an IPO Grade 3 to Omkar Specialty Chemicals Ltd IPO

Any view on this IPO?


Happy Investing!

 

[myselfbharat]

Hello,
Upcoming Acropetal Technologies IPO is good OR not?
http://www.moneycontrol.com/news/ipo-issuesopen/acropetaltechsetsipopricebandatrs88-90sh_523562.html

 

[nutasha]

SAI Silks (Kalamandir) files DRHP for Rs 102 cr IPO
SAI Silks (Kalamandir), a retailer of sarees in south India, has filed draft red herring prospectus (DRHP) with market regulator SEBI for its initial public offering of Rs 102 crore. The issue is being made through the 100% book building process.

regards

hionstocks

 

[nutasha]

Rushil Decor sets issue price at Rs 72/share
Company raised Rs 40.64 crore (including promoters' contribution of Rs 1.75 crore) through the issue, which will be used for setting up of medium density fibre board plant and for working capital requirement.

regards'

hionstocks

 

[jansan]

Daily updates on Initial Public Offers

Daily updates to a good processioning site. its work is very simple. so its like many people.
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[chintan786]

Has any got refund after share allotment in LTFINA

 

[San Yad]

LTFINA listing today.

Any idea about the price?

Happy investing!