Alkali Metals IPO Latest News Today

Alkali Metals IPO Stocks today on its listing day closed at the premium of around 68%. The Initial Public offer (IPO) was struggled for its subscription around a month back and company was forced to reduce its IPO Stock price band along with extended issue closing date.

Alkali stock closed today at Rs 173/-, around 68% premium of public issue's price of Rs 103/-. The stock was open at Rs 90/- and then keep rising up to Rs 179/- before closing at Rs 173/-.

Not sure if Alkali could sustain this price at current market situation. IPO investors are highly recommended to sell and book the profits if they haven't done it yet.

Alkali Metals Limited IPO Listing date and info:

IPO Listing Date: Thursday, November 06, 2008
BSE Script Code: 533029
NSE Symbol: ALKALI
Listing in: 'B' Group of Securities
ISIN: INE773I01017
Issue Price: Rs 103/- Per Equity Share
Face Value: Rs 10/- Per Equity Share

Alkali Metals IPO is listing on Nov 06. Find more listing info as below:

Alkali Metals IPO Listing Date: Thursday, November 06, 2008
Alkali Metals BSE Script Code: 533029
Alkali Metals NSE Symbol: ALKALI
Alkali stock Listing in: 'B' Group of Securities
Alkali Metals Stock ISIN: INE773I01017
Alkali Metals IPO Issue Price: Rs 103/- Per Equity Share
Alkali Metals Stock Face Value: Rs 10/- Per Equity Share

IPO Allotment Status is now available online for Alkali Metals Limited IPO.

Alkali Metals Limited IPO was open on October 07, 2008 and closed on October 15, 2008. IPO was oversubscribed by 1.04 times (0.6255 times in retail).

IPO Allotment Status is now available online for Alkali Metals Limited IPO.

Alkali Metals Limited IPO was open on October 07, 2008 and closed on October 15, 2008. IPO was oversubscribed by 1.04 times (0.6255 times in retail).

Visit / to check your application status. Also find Alkali Metals Listing Date, Alkali Metals Grey Market Premiums and latest IPO news.

Alkali Metals Limited IPO fully subscribed on its extended closing day. Issue received 1.04 times bids for its IPO stocks. Retail quota of the issue remains unsubscribed and received bid for 63% of the shares allocated in this category. QIB's also didn't show much interest and subscribed only for 72% of there allocated quota. Non Institutional category subscribed 3 times.

Alkali IPO bidding information in detail:

Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	1275000	912665	0.7158
1(a)	Foreign Institutional Investors (FIIs)		912665
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		0
1(c)	Mutual Funds		0
1(d)	Others		0
2	Non Institutional Investors	382500	1183650	3.0945
2(a)	Corporates		694070
2(b)	Individuals (Other than RIIs)		427245
2(c)	Others		62335
3	Retail Individual Investors (RIIs)	892500	558220	0.6255
3(a)	Cut Off		527930
3(b)	Price Bids		30290

 

Update: 10/10/2008
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of ALKALI METALS LIMITED will close on Oct 15, 2008 instead of the earlier closing day on Oct 10, 2008. Further price band has revised from Rs 90 /- to Rs 105 /- per share to Rs 86 /- to Rs 103 /- per share.

Date: 10/01/2008
Incorporated in 1968, Alkali Metals Limited is a Hyderabad based manufacturer of sodium derivatives, pyridine derivatives and verity of fine chemicals.

Alkali Metals Limited is entering in the capital markets with an initial public offering, IPO of 25,50,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs 90/- at lower level and Rs 105/- at upper level for equity share of Rs 10/-. The issue opens on October 07, 2008, and closes for subscription on October 10, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Alkali Metals Ltd has extended its IPO closing date to Oct 15, 2008 because of poor response. Issue price has also been revised to Rs 86 /- to Rs 103 /- per share.

Alkali Metals IPO was subscribed around 0.33 times on its 3rd day (previously closing day). Investors showed very little interest in Alkali Metals IPO since it opened on October 07. Especially QIBs haven't applied for a single share in this IPO so far which clearly shows that how bad the primary market is at this point of time.

Alkali Metals IPO remain unsubscribe on its first day for subscription. Only bid received are in Retail Individual Investors (RIIs) category for 390 shares of total retail quota of 892500 shares.

Alkali Metals IPO, a 100% Book Building Initial Public Offer is open for subscription at this time and closing on Oct 10, 2008. No bids can be placed on 09 October 2008 because of Dasera holiday in stock markets across India.

ICRA has assigned an IPO Grade 2 (below average fundamentals) to AML IPO.

Incorporated in 1968, Alkali Metals Limited is a Hyderabad based manufacturer of sodium derivatives, pyridine derivatives and verity of fine chemicals.

Alkali Metals Limited is entering in the capital markets with an initial public offering, IPO of 25,50,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs 90/- at lower level and Rs 105/- at upper level for equity share of Rs 10/-. The issue opens on October 07, 2008, and closes for subscription on October 10, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Incorporated in 1968, Alkali Metals Limited is in the business of manufacturing fine chemicals for various industries including pharmaceuticals, petrochemicals, agro chemicals, Paints, dyes etc.

Alkali Metals Limited is entering in the capital markets with an initial public offering, IPO of 25, 50,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs 90/- at lower level and Rs 105/- at upper level for equity share of Rs 10/-. The issue opens on October 07, 2008, and closes for subscription on October 10, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).