Daily News from Bse,Nse Stock Markets of India |IPO Information

Atlas Copco buy-back offer will be considered by the board of directors of the company in their upcomig board meeting on June 25, 2008. The company in an annoucement made to the stock exchanges has informed the buy-back offer consideration.

Atlas Copco Buy Back offer news helped the company Shares gain Rs 179.65, or 20%, to close at Rs 1,077.9 on the BSE.

Oudh Sugar Mills Rights issue Record date has been fixed by the company. In an announcement made to the stock exchanges the company has informed that the record date for reckoning the eligible shareholders who are entitled to apply for equity shares along with detachable warrants on rights basis is fixed as July 02, 2008.

Oudh Sugar Mills Rights issue ratio has been fixed at 22:100 (22 equity shares for every 100 equity shares of Rs 10 each for cash at a premium of Rs 50 a share). For every one equity share being allotted on rights basis, the allottee will also receive one detachable warrant.

Oudh Sugar Mills Rights issue price can be payable in two installments; 50% issue price will be paid on application and balance will become payable after 3 months from the date of allotment.

Ranbaxy Laboratories stock moved up smartly to  touch 52-week high of Rs. 660 on the open offer news. Stock hit the 52-week high in the early morning trades and later closed flat on the NSE at Rs. 567.80.

Ranbaxy Laboratories Share Price before 3 month was around Rs.458, the stock gained over 27 per cent fromt the 3 month lows and over 15 per cent in the last one week.

Ranbaxy Laboratories open offer is at Rs 737 per share. The offer will open on August 8th and close on August 27.

Somi Conveyor Beltings IPOis all set to hit the capital markets on June 24th, 2008. Somi Conveyor Beltings IPO price band has fixed at Rs 35 per equity share with over 62 lakh equity shares of Rs. 10 each under offering. The issue closes for subscription on June 27, 2008.

Somi Conveyor Beltingsissue comprises of contribution by promoters, of 14,99,286 equity shares of Rs 10 each at a price of Rs 35 per equity share for cash aggregating to Rs 5.25 crores, and the net issue to the public of 47,28,574 equity shares of Rs 10 each at a price of Rs 35 per equity share for cash aggregating to Rs 16.55 crores including an allocation of at least 10% of the net issue to the public to Qualified Institutional Buyers. The net issue to public would constitute 40% of the fully diluted post issue paid up capital of the company. The issue price is 3.5 times of the face value of the equity share.

Ashika Capital is the Book Running lead manager to the Somi Conveyor IPO shares and Mondkar Computers is the Registrar to the issue. Post IPO the shares are proposed to be listed on the BSE.

For more information and updates on Somi Conveyor Beltings IPO Subscription and Allotment details do visit us back.

Avon Weighing Systems IPO received an overwhelming response from the investors as the issue was subscribed by over 45 times. This is after a long time that a fixed price Public issue has hit the markets and people have shown good interest by oversubscribing the issue by 44 times. Avon Weighing IPO subscription started on 9th June, 2007 with a public issue over 1.37 crore equity shares priced at Rs. 10 each closed today for subscription.

Avon Weighing IPO is proposed to be listed on the BSE and the Book Running Lead Manager to the issue is Keynote Corporate Services. Datamatics Financial Services Limited is the Registrar to the issue.

Realty Index on Tuesday touched a 52-week low of 5,752.22 closing down by 7.38 per cent, the index was trading at 7,891 points, loosing more than 25 per cent in a  month.

Many Realty stocks are trading far below their issue prices and here are some details

DLF : DLF IPO which was issued at a price of Rs. 525 is now trading at a new 52-week low of Rs 481.55 loosing 7.39 per cent on closing day of Monday Trades. . The DLF issue was priced at Rs 525.

Purvankara Projects : Puravankara Projects closed at Rs 210 at close, down 5.43 per cent. Purvankara Projects IPO hit the markets at a issue price of Rs 400.

Sobha Developers : Sobha Developers which got subscribed at an issue price of Rs 640 is now trading at Rs 409.

Omaxe : Omaxe is currently trading at Rs 174 compared to the issue price of Rs 310.

Market Analysts feel that the slide in the Realty stocks is a logical conclusion to the run up, the stocks had over the last one year and feel that the realty market is expected to face further pressure in the short-term because of the slackening demand in both the residential and commercial segments.

The spot Rupee ended lower at Rs 42.97 per USD as against its previous close of Rs 42.87. In early trading, the Indian Rupee (INR) breached the Rs. 43 mark to the US dollar and looks like the Indian Rupee will depreciate further against the US Dollar, with the crude oil prices rising steadily week on week.

For Forex Dealing companies and export houses, who had aggressively hedged their positions in the forex derivatives market, would now make huge derivative losses.