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IPOs continue to draw investors; Redington fully subscribed
Publish Date : 1/23/2007 8:33:00 AM   Source : Business News ExpressNewsline.com

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.





Harvard students condemn Oxford University         Publish Date : 3/5/2007 7:11:00 AM  
Two Harvard students, including an NRI, have condemned Oxford University, where they are Rhodes scholars, as "outdated" and "frustrating" and dismissed its world famous Bodleian library as "less than inspiring".

Indian embassy to outsource jobs to American firm         Publish Date : 3/5/2007 7:10:00 AM  
After taking thousands of American jobs through outsourcing, India is planning to give a few back. The Indian embassy in the US capital is planning to outsource processing of visas to a US-based company.

Badal heads 18-member coalition ministry in Punjab(Final lead: Badal)         Publish Date : 3/3/2007 7:29:00 AM  
Octogenarian leader of the Shiromani Akali Dal (SAD) Parkash Singh Badal, on Friday took oath as Punjab's new Chief Minister and will lead an 18-member SAD-Bharatiya Janata Party (BJP) coalition ministry.

Bareilly eunuch adopts a girl child         Publish Date : 3/3/2007 7:22:00 AM  
It was a day of celebration for Saroj, a eunuch in Bareilly in Uttar Pradesh, as 'she' has become a 'mother' by adopting a baby girl.

Kalam offers prayer at Fatehpuri Masjid         Publish Date : 3/3/2007 7:16:00 AM  
Keeping a promise made two years ago, President A P J Abdul Kalam today offered prayers at the historic Fatehpuri Masjid in Chandni Chowk here along with thousands of Muslims.

Union Budget directionless, says Modi         Publish Date : 3/1/2007 8:41:00 AM  
Gujarat Chief Minister Narendra Modi today criticised the Union Budget by terming it as "directionless".

Centre allocates over Rs 100 crore for minority zones         Publish Date : 3/1/2007 8:38:00 AM  
Unfazed by the BJP's criticism over its welfare schemes for Muslims, the Congress-led Central Government has allocated over Rs 100 crore for development programmes in select districts with a sizeable population of minorities.

Kins of political bigwigs fail to find voters' favour         Publish Date : 3/1/2007 8:27:00 AM  
The assembly polls in Punjab turned out to be unkind for several kins of political bigwigs as voters rejected most of them barring some of Shiromani Akali Dal (SAD) supremo Parkash Singh Badal's near and dear ones.

High Court order on age of nursery admission tomorrow         Publish Date : 3/1/2007 8:24:00 AM  
The Delhi High Court today observed that the city Government's submission that a child should be four-years-old to get admission in nursery class was contrary to the law.

Parliament session may be stormy tomorrow on Quattrocchi issue         Publish Date : 3/1/2007 8:18:00 AM  
After the lull, it is going to be storm again in Parliament tomorrow.

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