ipo
Muthoot Finance IPO
Muthoot Finance Ltd, the largest gold financing company in India in terms of loan portfolio, proposes to enter the capital market through IPO route with an initial public offer of 5.1 crore equity shares. The object of the issue, billed as the biggest public issue in Kerala, is to augment the Company’s Capital base to [...]
IPO Analysis – Invest in Lovable Lingerie
A presence across price points, an expanding store network and ambitious future plans will help boost long-term growth. With strong brands in its kitty, presence in both mid-market and premium segments, a wide network of dealers and low debt, lingerie maker Lovable Lingerie is a good, if high risk, bet on the niche textile space. [...]
ONGC May File for Follow-on Offer on March 1
State-run ONGC is likely to file its Draft Red Herring Prospectus (DRHP) for its follow-on offer in the first week of March, said sources in the finance ministry. Though it was earlier reported that the company would file its DRHP in the week ending February 26, officials in the ministry said that it is not [...]
IPO Analysis – Sudar Garments
This IPO looks like Stiffly priced despite small scale of operations. The small garment manufacturer wants to expand and get into retail in a bigger way. Incorporated in January 2002 and promoted by Murugan Muthaih Thevar, Sudar Garments is engaged in the business of manufacture of garments for men’s wear, women wear and kids wear. [...]
IPO Analysis – Acropetal Technologies
This Acropetal Technologies IPO seems pretty unattractive. This small software company does not have anything special to offer. The company offers a broad spectrum of engineering design services to reduce product design cycle time and costs. The portfolio of services includes concept design, product design & development, advanced analysis, reliability engineering and value engineering. Product [...]
Acropetal Technologies IPO Subscribed 11% On Second Day
The initial public offer (IPO) of Acropetal Technologies was subscribed 0.11 times at 16:00 IST on the second day of the issue today, 22 February 2011. The IPO received bids for 22.10 lakh shares compared with 1.93 crore shares on offer. The Bangalore-based Acropetal Technologies – an outsourcing service provider in healthcare, energy and environment [...]
Power Finance Corporation FPO
The government today approved follow-on public (FPO) offer of the state-run lending agency Power Finance Corporation worth about Rs 5,732 crore. The exact amount to be raised through the offer can be ascertained only after the Empowered Group of Ministers (EGOM) decides the offer price. The shares of the company were trading at Rs 249.7 [...]
