Shares of Karda Construction Limited listed on the bourses and the same was a disaster. The company had offered 43 lakh shares in a fresh issue in a price band of Rs 175-180. The issue was oversubscribed 2.53 times with QIB portion subscribed 1.53 times, HNI portion subscribed 3.43 times and Retail 2.01 times. The […]
Archive for the ‘General’ Category
Karda Construction Limited – Listing Is a Disaster, Share down Over 20%
April 4th, 2018
Comments Off on Karda Construction Limited – Listing Is a Disaster, Share down Over 20%
New Year to Bring Hope and Expectation of Growth
April 2nd, 2018
Comments Off on New Year to Bring Hope and Expectation of Growth
The short week saw some recovery and indices gained to end the financial year 2017-18 on a positive note. The week saw the BSESENSEX recovering lost ground and gained 372.14 points or 1.13% to close at 32,968.68 points while NIFTY gained 115.65 points or 1.14% to close at 10,113.70 points. Dow Jones had a strong […]
Lemon Tree Limited – Issue Subscribed 1.19 times on ONLY QIB Backing
April 2nd, 2018
Comments Off on Lemon Tree Limited – Issue Subscribed 1.19 times on ONLY QIB Backing
The Offer for Sale of 9,45,00,053 shares by Lemon Tree Limited just about manged to get subscribed. The price band of the issue was Rs 54-56. Earlier the company had allotted 5,56,43,820 equity shares to 18 anchor investors comprising of 20 entities. The highest allocation of 1,15,84,740 equity shares was made to SBI Mutual Fund. […]
