Supreme Infrastructure managed to get listed on National Stock Exchange at R

David Myers, INCAT’s chief financial officer has stated that Tata Technologies will go for an IPO in the coming year (2008) in order to pay off arrears and fund expansion plans.

Tata Technologies, the specialist engineering and design company of the Tata Group had acquired INCAT, the UK-based engineering and design company in 2005 for 53.40 million pounds.

Reliance has informed that Reliance Power will soon go public with an issue of shares worth Rs 14000 crore. Reliance Power is a subsidiary of Anil Ambani led Reliance Energy. The issue will be biggest ever Initial Public offer by an Indian company.

Mumbai: ECE Industries Ltd made its first appearance on the National Stock Exchange (NSE) at a premium of 18.67% against the offer price of Rs 589 at Rs 699.

The company has already been enrolled on the Bombay Stock Exchange (BSE) earlier, and ended at Rs 632.25 on Monday.

During the day, the stock touched an intraday high of Rs 728.95, an intraday low of Rs 602 and finally closed at Rs 637.85 on the NSE.

Shares of Indowind Energy Ltd, a Chennai-based company managed to get listed at Rs 80 on BSE. The stock is trading at a premium of nearly 23% compared to the issue price of Rs 65.