Archive for March, 2008
Sita Shree Food Products IPO Subscription Details, No Bidders in QIB section
Looks like Sita Shree Food Products IPO is doing good, because with 1 day remaining, the retail section has given fair response with subscription of 0.22 times. You can expect it to be subscribed around 1 time in retail section by 14th March end of the market day. The Non Institutional Investors section is subscribed [...]
Gammon Infra IPO Subscription Details
The initial public offer of Gammon Infrastructure Projects (GIPL), an infrastructure project development company, has got good response, subscribed more than 3 times. It has received bids for 3.13 crore equity shares as against 1.65 crore shares on offer. They had given two payment options for Gammon Infra IPO. That was one of the major [...]
Avoid Steeply Priced Gammon Infrastructure IPO
The company at a price band of Rs 167-200 will have the PE multiple of 100.37-120.21 at post issue EPS of 1.66 (Basis PAT annualized for 6 months ending Sept’07). As the company was incorporated in 2001 hence the present financial of the company are insufficient to demonstrate an earnings track record. Though the company [...]
PNB Housing Fin may float IPO after stake sale
Shortest post of this week. PNB Housing is in talks to sell 26% stake to strategic investor and might float IPO after stake sale.
IPO Listing Days: REC IPO and V-Guard IPO
Both these IPOs are listing in the market one after another. REC IPO is listing on 12th March, and V-Guard is listing on 13th March 2008. We hope you have checked the IPO allotment status for respective IPOs. If not, check out the links here. REC IPO allotment status V-Guard IPO allotment status I am [...]
You will have to wait for Persistent Systems IPO
Persistent Systems in Pune, leading outsourced software product development specialists, has decided to defer its proposed IPO due to the prevailing poor market sentiments and adverse developments in the financial markets in India and abroad. The company had earlier filed its draft red herring prospectus (DRHP) with SEBI. The deferment of the IPO will not [...]
Gammon Infra IPO: Partial Payment Method Details
We had given you Gammon Infra IPO updates last time and now there are more to add to it. Here are some basic details about Gammon Infra IPO. Gammon Infrastructure Projects (GIPL), an infrastructure project development company promoted by Gammon Group. It is initial public offering (IPO) of 1,65,50,000 equity shares of face value Rs [...]
