Share issue of Shree Pushkar Chemicals and Fertilisers Limited which had a fresh issue to raise Rs 70 crs in a price band of Rs 61-65. The issue was subscribed by all the three categories and the overall subscription at the lower end of the band was 1.34 times. The issue would be priced at the upper end and therefore the subscription levels would rise.

The full details of subscription are given below:-

Market conditions prevailing during the week were not conducive for fund raising and have dented the confidence of investors in the way issues are priced. History repeats itself but the unfortunat6e part is that the cycles are now shortening.