The FPO for 5.7 cr shares from Tata Steel was subscribed and received excellent response from QIB’s and HNI’s. The retail portion was oversubscribed 1.6 times which is creditable. The employee portion was undersubscribed and received bids for a mere 6% of their reserved portion. In the next week or so we would know whether [...]
Archive for the ‘FPO’ Category
Tata Steel FPO closes today 21st Jan: Not enough incentive to subscribe
January 21st, 2011
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Makes better sense to buy post FPO from market Tata Steel Limited which has launched its FPO which opened on Wednesday the 19th of January and closes today for 5.7 cr shares in a price band of Rs 594-610. The company had earlier allotted 83.25 lakh shares to anchor Investors. With the issue closing today [...]
Tata Steel FPO completes anchor Investor Allocation
January 19th, 2011
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Tata Steel FPO which is opening today and closing on Friday 21st January completed allotment to anchor investors. The issue received excellent response and was oversubscribed. The price band for the issue is Rs 594-610 and the allocation to 33 entities was made at the top end of the price band at Rs 610. [...]
