Initial public offers of House of Pearls and IT distribution company Redington India have been fully subscribed.
The issue of House of Pearls, the textile company, received 68,49,950 bids for its offer of 59.84 lakh equity shares, according to latest data available on the stock exchange.
The price band of the issue has been fixed at Rs 525 to Rs 600 per share.
IPO of Redington India, which opened today, has been subscribed 1.62 times receiving 2.14 crore bids for its offer of 1.32 crore shares.
The price band for the issue has been fixed between Rs 95 -113.
The issue will close on January 25.
Redington's offering comprises of about 16.99 per cent of the fully diluted post-issue paid up capital of the company.
The company plans to invest the IPO money in setting up more service delivery centres, besides establishing an LCD repair facility in India Another IPO of exhibition theatre chain, Cinemax India, has been subscribed 84 per cent receiving 75.34 lakh bids for its offer of 89.20 lakh equity shares.
The price band of the issue has been fixed at Rs 135 to 155.
The Technocraft India, issue has received demand of about 67 per cent for its offer of 83.20 lakh equity shares, data shows.
The issue closes tomorrow and the price band has been fixed between Rs 95 to 105.
Indo-Australia committed to resolve agri-trade issues
Publish Date : 3/3/2007 7:21:00 AM
The agri-trade has become a very contentious issue in the World Trade Organisation (WTO), but India and Australia have agreed to resolve issues coming in the way of trade in agricultural goods by setting up a mechanism.
RBI to absorb more liquidity to contain inflation
Publish Date : 3/3/2007 7:11:00 AM
In a bid to further contain inflation, Reserve Bank of India today announced a modified market stabilisation scheme (MSS) and liquidity adjustment facility (LAF) to suck out Rs 11,500 crore from the system.
Gold and Silver prices turn distinctly weak
Publish Date : 3/3/2007 7:03:00 AM
Both the precious metals today turned distinctly weak on the bullion market as silver plunged by Rs 570 and gold by Rs 155 on heavy stockists offerings tiggered by sharp fall in the global markets.
Further fall in gold and silver prices
Publish Date : 3/2/2007 7:06:00 AM
Both the precious metals continued to decline on the bullion market here today on sustained offering from stockists in view of fall in the international markets.
Rupee ends marginally up at 44.26/27 a dollar
Publish Date : 3/2/2007 7:03:00 AM
The rupee today ended marginally higher at Rs 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales.
Hyundai domestic sales up 74 pc in Feb
Publish Date : 3/2/2007 7:01:00 AM
Hyundai Motor India today reported a 74 per cent increase in its domestic vehicle sales during February at 15,459 units compared to the same month last year.
Hutchison Telecom files caveat fearing legal move by Essar
Publish Date : 3/2/2007 6:59:00 AM
Hong Kong-based Hutchison Telecom has filed a caveat before the Bombay High Court to ensure that its plea is heard in case Essar moves the court, challenging the the foreign partner's decision to sell stake to Vodafone.
Skoda slashes car prices up to Rs 24,000
Publish Date : 3/2/2007 6:56:00 AM
As car makers Maruti and Hyundai announced a hike in prices, luxury car maker Skoda Auto today slashed prices across all models by up to Rs 24,000 citing reduction in customs duty on imported car parts in the Budget.
Bond prices continue to decline
Publish Date : 3/1/2007 8:30:00 AM
Government bond prices continued to decline on persistent selling while call rates eased in view of ample liqudity in the system.
India should be more conscious of global developments: RBI
Publish Date : 3/1/2007 8:19:00 AM
The Reserve Bank of India today said the steep fall in Indian stock markets was a contagious effect of plunge in overseas bourses and the country should have strong market and regulatory mechanism to avoid disruption in markets.
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