Indiabulls Power, a subsidiary of Indiabulls Realty has fixed its initial public offering (IPO) price band at Rs 40-45 per share. The minimum bid lot will be 150 equity shares.
The IPO of 390, 700,000 equity shares, including a green shoe option of retaining 50,900,000 equity shares will open for subscription on October 12, 2009 and close on October 15.
Wednesday, October 07, 2009
Sunday, September 20, 2009
Updates on Stocks
UTV Software Communications Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay by an Order made on the September 11, 2009, has directed that a meeting of the equity shareholders of the Company be convened to consider and approve the Scheme of Arrangement relating to UMP Plc, UTV Motion Pictures (Mauritius) Ltd. and the Company. The said meeting will be held on October 14, 2009.
Jindal Cotex to List on 22 September 2009
Acrylic and polyester yarn maker Jindal Cotex will list on the Bombay Stock Exchange and the National Stock Exchange on 22 September 2009.
The Ludhiana-based company had fixed issue price at the top end of the Rs 70 - Rs 75 a share price band set for the initial public offer (IPO).
The issue price of Rs 75 discounts the company's year ended March 2009 earnings per share (EPS) of Rs 1.7 by a price earning (PE) multiple of 44.11.
The public issue, which closed on 1 September 2009, was subscribed 2.20 times. The company got bids for 2.47 crore shares as against 1.12 crore shares offered.
Monday, September 07, 2009
Market Today
trong response to the initial public offer of Oil India, an
improvement in business confidence of India Inc and revival of
monsoon rains helped key benchmark indices extend gains for the
second running day. The Sensex surged 327.20 points or 2.09% to
16,016.32, up 223.05 points from the day's low and off just 19.18
points from the day's high. The barometer index BSE Sensex surged
past the psychological 16,000 mark in late trade. Both the
frontline indices - the BSE Sensex and the 50-unit S&P CNX Nifty
settled at their highest level in more than 15 months. Global
stocks surged after the G20 leaders pledged to maintain stimulus
measures.
Today's rally came on the back of higher turnover. The BSE clocked
a turnover of Rs 6,055 crore as compared with Rs 5,722.02 crore on
Friday, 4 September 2009. The market breadth indicating the overall
health of the market was strong. Realty, banking and metal stocks
were at the forefront of today's rally. The BSE FMCG index was the
lone loser among the sectoral indices on BSE. In stock-specific
activity Tata Motors surged almost 13%. ICICI Bank jumped around 7%
and Sterlite Industries gained around 6.5%
trong response to the initial public offer of Oil India, an
improvement in business confidence of India Inc and revival of
monsoon rains helped key benchmark indices extend gains for the
second running day. The Sensex surged 327.20 points or 2.09% to
16,016.32, up 223.05 points from the day's low and off just 19.18
points from the day's high. The barometer index BSE Sensex surged
past the psychological 16,000 mark in late trade. Both the
frontline indices - the BSE Sensex and the 50-unit S&P CNX Nifty
settled at their highest level in more than 15 months. Global
stocks surged after the G20 leaders pledged to maintain stimulus
measures.
Today's rally came on the back of higher turnover. The BSE clocked
a turnover of Rs 6,055 crore as compared with Rs 5,722.02 crore on
Friday, 4 September 2009. The market breadth indicating the overall
health of the market was strong. Realty, banking and metal stocks
were at the forefront of today's rally. The BSE FMCG index was the
lone loser among the sectoral indices on BSE. In stock-specific
activity Tata Motors surged almost 13%. ICICI Bank jumped around 7%
and Sterlite Industries gained around 6.5%
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