The initial public offer (IPO) of Chennai-based Edserv Softsystems of Rs 20 crore managed to sail through even while the Rs 44-crore IPO of Gemini Engi-Fab has been pulled off last week due to lack of investor confidence.
According to data revealed by National Stock Exchange, the IPO of EdServ Softsystems has received 51,49,000 bids as against issue size of 39,73,908 shares and got subscribed 1.30 times.
The price band for the issue was fixed between Rs 55 and Rs 60.
In today's trading session, Tata group stocks witnessed mixed reaction from investors on news that Tata Sons, the holding company of the Tata group, has pledged shares of some of the group companies, to finance operations in a tight liquidity situation in the credit market.
In its filing with the NSE, Steel giant Tata Steel, announced that the company's founders have pledged 9.89 crore shares, or 13.53 per cent of the total equity capital.
Medical services provider Fortis Healthcare notified on Tuesday that one of its main promoters Fortis Healthcare Holdings has pledged 20.75 per cent stake of the company for an undisclosed amount.
The health chain said, that its promoter (Fortis Healthcare Holdings) has pledged 4.70 crore shares representing 20.75 per cent stake in the company.
Indian Public Sector Undertaking Bharat Earth Movers Limited (BEML), has received an order worth Rs 1672 crore from Bangalore Metro Rail Corp to supply 150 metro rail coaches by October 2010.
In addition, BEML is also likely to get an additional order for 63 Metro coaches for further expansion and extension of proposed Metro lines in the city. The value of order will be about Rs 600 crore.
It may be noted that Bangalore-based Company earlier won an order worth Rs 1365 crore from Delhi Metro Rail Corp to supply rail coaches.
Parsvnath Hotels Ltd. a subsidiary of Parsvnath Developers Limited (PDL), India's leading real estate and Infrastructure Company, has received 5 star category project approval from Ministry of Tourism, Government of India for its hotel project, situated at Hyderabad.
The project spread over an area of approximately 11063.68 sq. meters area would offer a judicious blend of Shopping Mall, Office Complexes and a Five Star category Hotel.
The initial public offer (IPO) of Chennai-based Edserv Softsystems of Rs 20 crore managed to sail through even while the Rs 44-crore IPO of Gemini Engi-Fab has been pulled off last week due to lack of investor confidence.
In today's trading session, Tata group stocks witnessed mixed reaction from investors on news that Tata Sons, the holding company of the Tata group, has pledged shares of some of the group companies, to finance operations in a tight liquidity situation in the credit market.
Medical services provider Fortis Healthcare notified on Tuesday that one of its main promoters Fortis Healthcare Holdings has pledged 20.75 per cent stake of the company for an undisclosed amount. 
Indian Public Sector Undertaking Bharat Earth Movers Limited (BEML), has received an order worth Rs 1672 crore from Bangalore Metro Rail Corp to supply 150 metro rail coaches by October 2010. 
Parsvnath Hotels Ltd. a subsidiary of Parsvnath Developers Limited (PDL), India's leading real estate and Infrastructure Company, has received 5 star category project approval from Ministry of Tourism, Government of India for its hotel project, situated at Hyderabad. 
