| Name | Date of listing | Issue Price | closing price | closing price | % gain loss | change over |
| 29th April | 21st April | over week | lssue price | |||
| PTC India Financial Services | 30th March | 28.00 | 21.65 | 22.10 | -2.04 | -22.68 |
| Shilpi Cable Technologies | 8th April | 69.00 | 31.05 | 36.05 | -13.87 | -55.00 |
Performance of Newly Listed Shares 29th April 2011
April 30th, 2011
Comments Off on Performance of Newly Listed Shares 29th April 2011
Servalakshmi Paper IPO: Issue Subscribed
April 30th, 2011
Comments Off on Servalakshmi Paper IPO: Issue Subscribed
Servalakshmi Paper Limited which had tapped the capital markets with its IPO to raise Rs 60 crs in a price band of Rs 27-29 was subscribed. The issue had opened on Wednesday the 27th of April and closed on Friday the 29th of April. The issue received good excellent response from HNI’s and from retail and was oversubscribed while the QIB portion remained unsubscribed.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 11111111 | 3793400 | 0.34 |
| NII | 3333333 | 14019800 | 4.21 |
| Retail | 7777778 | 14789800 | 1.90 |
| Overall | 22222222 | 32603000 | 1.47 |
The IPO is for the second phase of the project and involves installing balancing equipment and working capital requirements. Under the first phase of the project, the company has already commenced commercial production of its 90,000 tons per day writing and printing and newsprint production project.
The unique thing about this project is that the company has installed the plant and machinery with term loans and is tapping the capital market one year after stabilisation of the plant and therefore ensuring that there is no gestation period in the same.
Innoventive Industries IPO: Issue subscribed
April 30th, 2011
Comments Off on Innoventive Industries IPO: Issue subscribed
Innoventive Industries India Limited which had tapped the capital markets with its IPO which opened on Tuesday the 26th of April and closed on Thursday the 28th of April for QIB’s and on Friday the 29th of April for other bidders was fully subscribed. The price band was Rs 117-120 and the issue was to raise Rs 219.58 crs. The issue was subscribed 1.24 times.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 9383760 | 7989500 | 0.85 |
| NII | 2815128 | 5475100 | 1.94 |
| Retail | 6568633 | 9720800 | 1.48 |
| Overall | 18767521 | 23185400 | 1.24 |
The company is a multiproduct engineering company and has raised money for expanding its existing capacity and also repaying a part of its existing term loans.
