Tara Health Foods IPO extended

Tara Health Foods Limited which had tapped the capital markets with an IPO for 1 crore shares in the price band of Rs 180 to 190 has had to revise the price band downwards and extend the issue by three days. The issue was open between the 28th of April and the 30th of April.

The company had allotted 15 lakh shares at Rs 180 to anchor investors as well. The revised price band has been lowered by Rs 5 to Rs 175-185 and the issue will now close on Wednesday the 5th of May 2010.

Investors desiring to apply or invest in the issue should look to do so on the last day of the issue itself.   

Mandhana Industries IPO Subscribed

Mandhana Industries Limited who had tapped the capital markets with an IPO which opened on Tuesday the 27th of April and closed on Thursday the 29th of April was subscribed 6.32 times. The issue price band was Rs 120-130 and the company had allotted shares to anchor investors as well.
Details of the subscription were as follows: –

Category Shares offered  Shares Bid   Subscription Ratio
QIB  2996150 23893300 7.9747
NII 1245000 13095750 10.5187
Retail 2905000 8154000 2.8069
TOTAL 7146150 45143050 6.32

Tarapur Transformers IPO Subscribed

Tarapur Transformers Limited which had tapped the capital markets with its IPO for 85 lakh shares in a price band of Rs 65-75 was oversubscribed. The issue size was 85 lakh shares and the issue had opened on Monday 26th april and closed on Wednesday 28th April. The issue was subscribed 1.74 times.
Details of the subscription were as follows: –

Category Shares offered  Shares Bid   Subscription Ratio
QIB  4250000 133290 0.0314
NII 1275000 6470910 5.0752
Retail 2975000 8146620 2.7384
TOTAL 8500000 14750820 1.74

                                                                  

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