May 2009 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Sunday, May 31, 2009

Rishabhdev Technocable IPO opens for subscription from June 04, 2009

May 31, 2009 0
Rishabhdev Technocable IPO opens for subscription from June 04, 2009
Rishabhdev Technocable Limited, a company engaged in the business of cable manufacturing and trading is coming up with a 100% Book Built Issue (Initial Public Offer) of 90,00,000 Equity Shares of Rs. 10/- each.

The IPO is open from June 04, 2009 till June 09, 2009. This is the first IPO since Edserv Softsystems Limited IPO in February 2009.

Click here for more on Rishabhdev Technocable Limited IPO
Click here for Rishabhdev Technocable Limited IPO - Objects of the Issue

Rishabhdev Technocable IPO Info

May 31, 2009 0
Rishabhdev Technocable IPO Info
Issue Opens on: Thursday, June 04 ,2009
Issue Closes on: Tuesday, June 09, 2009
Issue Size: 90,00,000 Equity Shares of Rs. 10/- each
Price Band: Rs.29/- to Rs.33/- per equity share
Bid Lot: 200 Shares
Lead Manager: IDBI Capital Market Services Ltd, PL Capital Markets Pvt Ltd
Registrar: Mondkar Computers Pvt Ltd

Saturday, May 30, 2009

Rishabhdev Technocable Ltd. IPO - Objects of the Issue

May 30, 2009 0
Rishabhdev Technocable Ltd. IPO - Objects of the Issue
Rishabhdev Technocable, a cable manufacturing and trading company is entering the capital market with its initial public offer of 90,00,000 equity shares of Rs 10 each. The issue will open on June 4, 2009 and close on June 9, 2009. The price band is fixed at Rs 29-33 per share.
(Click here for complete info)


The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to:
  1. Expansion cum modernization of existing manufacturing facilities (Unit I) at Daman;
  2. Setting up of new facilities (Unit II) at Daman for manufacturing Electrical Control Cables;
  3. Setting up of new facilities (Unit III) at Silvassa for manufacturing Power cables;
  4. Margin Money for working capital Requirements;
  5. To meet Public Issue Expenses
  6. General Corporate purpose

Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times