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 [...]
Archive for the ‘IPO’ Category
M&B Switchgear: A fit case to be investigated
October 24th, 2011
No Comments
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 [...]
M&B Switchgear IPO: Poor start but closes with gains of over 70%
October 21st, 2011
No Comments
M&B Switchgear Limited which had tapped the capital markets with its issue for 50 lac shares in a price band of Rs 180-186 listed on the stock exchanges. The issue was open between the 28th of September and the 5th of October and was subscribed 1.57 times. The retail portion was subscribed 2.35 times [...]
