20 Microns sees 2830% growth in 200809 topline as well as bottom line for FY09. The longterm investors will remain and prosper with company, it said. The company sees 22% growth in decorative paints.
20 Microns closed at Rs 34.45 on the NSE, at a huge discount of 37.36% to its issue price of Rs 55.
Alkali Metals proposes to enter the capital markets on October 7, 2008 with a public issue of 25,50,000 Equity shares of Rs 10 each through 100% book building process. The IPO will close on October 10, 2008. The company has fixed the price band between Rs 90 and Rs 105 per equity share.
Gujarat Pipavav Port Ltd (GPPL), the developer and operator of Pipavav port, the country’s first private sector port, has filed its draft red herring prospectus, reports The Hindu Business Line.
Mahindra Holidays has revived efforts for its IPO. It had refiled its draft offer documents with the Securities and Exchange Board of India, or Sebi, in September. At that time, the company did not go ahead with its offer due to unfavourable market conditions.
20 Microns will list on the bourses with its equity shares on October 6, 2008. The isssue price is fixed at Rs 55. The public issue of 43,50,632 Equity shares of Rs 10 each was subscribed 4.29 times.
Pipavav Shipyard, promoted by SKIL Infrastructure, is having second thoughts on going ahead with its proposed 0million IPO in the wake of the recent tremors on Wall Street that continues to rattle global and Indian markets, reports The Hindu Business Line.
Mahindra Holidays has filed draft red herring prospectus (DRHP) with SEBI to sell 92 lakh shares at Rs 10 per share. The equity dilution will be 11% post issue.
Government is planning to raise Rs 8001,000 crore via Cochin Shipyard IPO, reports CNBCTV18 quoting NW18.
Jairam Ramesh, Union Minister of State for Commerce and Power, said the decision of NHPC IPO will be taken soon. “The company board is reviewing the market condition. A government assessment said the market condition is uncertain to bring in the IPO.”
