The initial public offering of Indian-made foreign liquor maker Ravi Kumar Distilleries was subscribed 0.15 times by 16:00 IST on day one of the issue today, 8 December 2010. The IPO garnered bids for 17.70 lakh shares.
Ravi Kumar Distilleries is offering 1.15 crore shares in a price band of Rs 56 to Rs 64 a share through the IPO which closes on 10 December 2010. The company plans to use the proceeds of the issue for capacity expansion, installation of a re-distillation plant and to part-finance it’s marketing and corporate branding expenses. Ratings firm CARE has assigned IPO grade 2 to the company IPO indicating under average fundamentals.
Ravi Kumar Distilleries is engaged in the business of manufacturing Indian Made Foreign Liquor under its own brand portfolio as well as under tie-up arrangements with other companies.
Select a news topic from the list below, then select a news article to read.
Ravi Kumar Distilleries IPO subscribed 15%
Claris Lifesciences IPO subscribed 0.50 times
The IPO received bids for 5390484 shares beside the issue size of 10789474 shares on offer
The initial public offering of Claris Life sciences Ltd has been subscribed 0.50 times. The IPO received bids for 5390484 shares beside the issue size of 10789474 shares on offer.
The qualified institutional was subscribed 0.11. The sky-scraping net worth individuals category was subscribed 0.30. The retail portion got subscribed 1.06 times.
The price band has been fixed between Rs 228 to Rs 235. On Nov 24, the issue period started and will be closed today. The IPO market timings are 10:00 am to 5: 00 pm.
The Book Running Lead Manager are Enam Securities Private Limited,Edelweiss Capital Limited,JM Financial Consultants Private Limited,ICICI Securities Limited.
MOIL IPO subscribed 29.10 times
The QIB portion was subscribed 1.03 times, whereas the Non Institutional portion was subscribed 0.88 times and retail portion was subscribed 0.36 times.
According to the NSE website, the initial public offering of MOIL Ltd is subscribed by 29.10 times.
The issue got total bids for over 977,911,298 shares as beside 33,600,000 shares on offer, as per the data available with the National Stock Exchange.
On Tuesday at 5:00 pm, the QIB portion was subscribed 49.16 times, whereas the Non Institutional portion was subscribed 8.77 times and retail portion was subscribed 10.86 times.
On Tuesday, the issue closed for the QIBs whereas it will close on Wednesday for the other category of investors.
MOIL is looking to obtain mining properties in South Africa, Congo and Turkey, as the demand for manganese by Indian steel producers is expected to climb in the near future, K.J. Singh, chairman and managing director, MOIL was quoted as saying.
MOIL IPO subscribed 2.37 times
The QIB portion was subscribed 1.03 times, whereas the Non Institutional portion was subscribed 0.88 times and retail portion was subscribed 0.36 times.
According to the NSE website, the initial public offering of MOIL Ltd is subscribed by 2.37 times, As per the data available with the National Stock Exchange, The issue got total bids for more than 79465786 shares as next to 33600000 shares on offer,.
The QIB portion was subscribed 1.03 times, whereas the Non Institutional portion was subscribed 0.88 times and retail portion was subscribed 0.36 times.
Retail investors will obtain a 5% discount on the issue price. Retail investors can also put in Rs. 2 lakh as contrasted to the prior limit of Rs. 1 lakh.
MOIL is investing Rs. 7.68bn in capacity expansion as it looks to ramp up manganese output to 1.5 million tons per annum by 2015-16 from the present 1.1 million tons.
MOIL is looking to get mining properties in South Africa, Congo and Turkey, as the demand for manganese by Indian steel producers is expected to climb in the near future, K.J. Singh, chairman and managing director, MOIL was quoted as saying.
Gravita India IPO subscribed 41 times
The initial public offering Gravita India, a manufacturer of lead metal, received a strong investor response. On the last day of the issue today, 3 November 2010, IPO was subscribed 41.28 times by 17:00 IST, data on NSE showed. The IPO got bids for 14.86 crore shares compared with 36 lakh shares on offer.
The company planned to raise Rs. 43.20-45 crore from the IPO, which had a price band of Rs. 120-125 a share. Gravita India is engaged in the business of manufacturing of lead metal by recycling & smelting process & other lead products.
Gravita intends to utilise the proceeds of the issue for setting upbeat additional manufacturing facilities at Jaipur and at Wada, Maharashtra. It will also use the proceeds for investment in overseas ventures at Sri Lanka - Navam Lanka Limited, Senegal - Pagrik Senegal SA and Honduras - Gravita Honduras SA. Part of the proceeds of the IPO will also be used for setting upbeat manufacturing facilities at Australia, Belarus, Chile and Mexico.
It has a subsidiary Gravita Exim, which is specialised in providing turnkey solutions and consultancy services on engineering and design for the secondary lead companies.
Turmeric Moves Steady in Erode and Nizamabad, Futures in slow-moving Mode
Turmeric arrivals in the Nizamabad mandi were stable at 500 bags with prices quoting steady at Rs 15,100 per 100 kg for the finger variety. Arrivals in the Erode mandi slightly enhanced to 3,500 bags from 2,000 bags and the commodity quoted at Rs14,700- 14,800 per 100 kg. Turmeric quoted in the Salem mandi at Rs 15,000 per 100 kg. In the Nanded mandi, select quality quoted at Rs 15,400 and the Powder quality quoted at Rs 15,000 per 100 kg. Rajpuri and Desi kadappa quoted at Rs 16,000, downhill Rs 100 and at Rs 15,200 per 100 kg in Sangli.
Turmeric for the November delivery on NCDEX traded in the range of Rs 12932-Rs 12830 per 100 kg, in the futures market. The contract is presently trading superior at Rs 12854, downhill Rs 4 per 100 kg from the previous close. The open interest hollow 0.89 percent, representing short covering.
Gyscoal Alloys trades at 46.62% premium on listing
Shares of Gyscoal Alloys are trading superior after listing at premium. On the National Stock Exchange, it got listed at Rs 75.15, a premium of 3.62% as beside its issue price of Rs 71.
Currently, the shares are trading superior by 46.62% or Rs 33.10 at Rs 104.10. The scrip has hit a sky-scraping of Rs 112.50 and a low down of Rs 75.15. At 09.31 a.m., a total of 7,310,668 shares changed hands on the NSE.
Prestige Estates Projects lists at 3.82% premium
Shares of Prestige Estates Projects are trading superior after listing at premium. It got listed at Rs 190, a premium of 3.82% as beside its issue price of Rs 183 on the National Stock Exchange
Presently, the shares are trading superior by 6.67% or Rs 12.20 at Rs 195.20. The scrip has hit a sky-scraping of Rs 208.80 and a low down of Rs 189.85. At 09.35 a.m., A total of 6,872,735 shares changed hands on the NSE.
SEBI: Coal India must offer exit option to IPO investors
The profit and loss statement showed that figures for accretion in stock and that of other income had been swapped,
By October 25, Security Exchange Board of India has reportedly asked Coal India Ltd., to present all investors an exit option, as the Company's profit and loss account in the Initial Public Offer document contained errors.
According to the report, the profit and loss statement demonstrates that figures for accretion in stock and that of other income had been swapped.
A.K. Sinha, Coal India’s director of finance was quoted as saying that "The mistake was in the standalone statement and occurred because the documents were printed in a hurry".
Page 2 of 7
