C Mahendra Exports Ltd IPO will give more than 20% return on listing. it is also a small share like gravita, RPP, SPYL. and next week market also consolidate and help good listing.
ndia's second largest steel maker and state-owned Steel Authority of India's (SAIL) follow-on public offer (FPO) is likely to open on February 8, kick-government's public offer in this year, reports CNBC-TV18. Under the first phase, SAIL will go in for a fresh issue of 5% of pre-issue paid up capital. This will be along with an offer for sale of 5% of government equity in the company.
The rollout of the two-phased FPO, although approved by the Cabinet Committee on Economic Affairs (CCEA) in April 2010, had been stuck due to board composition issues such as appointment of independent directors. The Centre had in October 2010 approved restructuring of the board of SAIL so as to meet regulatory norms. In all, the CCEA had approved a proposal for issuing additional equity of 10% by the company and divestment of Government equity to the tune of 10% through offer for sale, to be carried out in two phases. (With inputs from The Hindu Business Line)
club mahendra can be flop show in comparision to subscription as only 3.92 times in hni where hni percentage is only 15% of total issue capital wherein spy it was 50% and was covered about 9 times
C Mahendra no buyer even in kostak and firm, if you have any position then try to sell it in grey market before the cheques got cleared and please remember Ganesh Jwellery and think seriously before keeping any application unsold.