During the fag end of the quarter there was a rush of IPO’s from companies who wanted to open their issues and they did so in the last three days of the month. The compelling reason was nothing to do with astrology or the market conditions; it was a regulation of SEBI, which allows […]
Archive for the ‘IPO’ Category
September Rush of IPO’s: Summary of performance
November 7th, 2011
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Vaswani Industries IPO: Listing day share collapses over 50%
October 25th, 2011
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The long delayed, controversy ridden and unique IPO from Vaswani Industries finally listed on “Dhanteras” day on the BSE and NSE. The company had issued 1 crore shares in a price band of Rs 45-49 which was subscribed with the help of friendly intermediaries. The QIB portion was undersubscribed with a mere 16% of […]
M&B Switchgear: A fit case to be investigated
October 24th, 2011
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Market Capitalisation per MW of solar power is Rs 127crs The company had come out with its public issue for 50 lac shares in a price band of Rs 180-186. The company listed on Thursday the 20th of October and we saw how the share price rose from the low of the day to […]
