Gujarat Pipavav Port Limited, the developer and operator of Pipavav port, the country’s first private sector port, has finally filed its Draft Red Herring Prospectus (DRHP) with market regulator (SEBI) for an Initial Public Offering aggregating to Rs 500 crore for cash at a price to be decided through a 100% book-building process.
Vijaywada based Chemcel Biotech (CBL) is all set to enter the capital market today (Sep 09), with an initial public offering (IPO) of 15,400,000 equity shares of Rs 10 each for cash at a premium of Rs 6.
The fixed priced issue will close on Friday (Sep 12, 2008).
The net issue to the public would be of 12,800,000 equity shares comprising 49.39% of the company’s post issue paid-up capital. The registrar to the issue is Bigshare Services. The equity shares of the company would be listed on the Bombay Stock Exchange.
Kolkata-based Austral Coke and Projects got listed at Rs 206 on the Bombay Stock Exchange (BSE), a premium of 5.10 percent from the issue price of Rs 196.
The scrip gained strength and touched a high of Rs 308.80. It also touched a low of Rs 206 thus far. At 10:03 am, the company’s shares stood at Rs 297 after hitting a high of Rs 308.80 and a low of Rs 206.
BSE has assigned a scrip code 533,016 to the company, while its shares will trade in the `B` group.
Chennai-based non-voice BPO service provider, Vishal Information Technologies got listed on the National Stock Exchange (NSE) at a discount of 13.33% at Rs 130 as against its issue price of Rs 150.
The scrip gained strength and touched an intra-day high of Rs 184. It also touched an intra-day low of Rs 125.60 thus far. The scrip was trading around Rs 177 and more than 10.81 lakh shares exchanged hands on the NSE.
Similar movement was seen on the Bombay Stock Exchange, where the scrip of the company got listed at Rs 150.
Gurgaon-based, Nutek India Limited is entering the capital market on July 29, with an initial public offering (IPO) of 4,500,000 shares of Rs10 each for cash at a price to be determined through a 100% book building process.
The price band has been fixed at Rs170 and Rs192 per share. The issue comprises a fresh issue of 3,500,000 shares and an offer for sale of 1,000,000 shares by a strategic investor.
The Issue has been assigned an IPO grade of 3 out of 5 by rating agency, CRISIL Limited. The issue will close on August 1.