Today, the initial public offering of Ashoka Buildcon, which builds and operates roads and bridges in India on a build, operate and transfer basis, has opened for subscription. The company hopes to lift up upto Rs 2.25 billion through this issue.
On Thursday, Sep. 23, 2010, the company has established commitment of Rs 403 million from anchor investors. It has owed 1.24 million equity shares to anchor investors at Rs 324 a share, at higher end of price band of Rs 297-324.
Anchor investors are DSP BlackRock, Reliance Life Insurance, AIG Global Investment, Axis MF, Monsoon India Inflection Fund, Citigroup Global Markets Mauritius, Axis Bank, JM Financial MF and Macquarie Bank.
Newer news items:
- On listing, Indosolar trades at 10.68% discount
- Indosolar to register tomorrow
- VA Tech Wabag IPO subscribes more than 36 times on close
- Emkay: Subscribe` Ashoka Buildcon IPO
- ElectroSteel Steels IPO subscribes 8.23 times on close up
Older news items:
- Brokers` views on Tecpro Systems IPO
- Allied, Orient Cera, ONGC, Sun Pharma: Stocks in news
- Indosolar IPO subscribes 1.55 times on close up
- Patni baggage 3 year contract from Codan Group
- Bajaj Corp catalogs at 15.15% premium
