Prakash Steelage IPO Price Band is fixed at Rs.100/- to Rs.110/- per equity share. The IPO would remain open for subscription between August 05, 2010 and August 09, 2010

Prakash Steelage Limited (PSL), a PED certified Company, engaged in the manufacturing of seamless & welded stainless steel Pipes, Tubes and U-tubes, is coming up with an IPO of 6,250,000 Equity Shares of Rs.10 each

The objects of the Issue are to meet the expenses of the issue and listing and for:
1. Expansion of existing manufacturing facility at Umbergaon, Gujarat;
2. Meeting the additional working capital requirement;
3. General corporate purposes

Stay tuned for more on Prakash Steelage IPO!

QIB: 1.32 times
Non-Institutional Investors: 0.02 times
Retail: 0.14 times
Overall: 0.73 times

Bajaj Corp IPO has received good response on its opening day, especially from the QIB Category and the IPO is bid 0.40 times on an overall basis with the QIB Category getting subscribed 75% on Day 1

Bajaj Corp Ltd., a part of Shishir Bajaj Group of Companies and the second largest in the group. Bajaj Corp Ltd is one of India’s leading FMCG company with major brands in Hair Care category. Bajaj Corp is one of India’s leading producers of hair oils and its main product is Bajaj Almond Drops

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QIB: 0.75 times
Non-Institutional Investors: 0.01 times
Retail: 0.03 times
Overall: 0.40 times

SKS Microfinance IPO, has received good response and is finally oversubscribed 13.69 times on an overall basis with the Retail Category getting overbid 2.81 times. The HNI Category has also received oversubscription of 18.26 times

SKS Microfinance Ltd. is one of the largest players in the Indian micro-finance industry. Started in 1998 as an NGO, SKS transformed into an NBFC in 2005 and is regulated by the RBI

Stay tuned for more on SKS Microfinance IPO!

SKS Microfinance IPO has been bid 10.51 times on an overall basis. The QIB Category is oversubscribed 20.38 times whereas the response in Retail Category has been feeble so far. The IPO closes for subscription today, i.e. Monday, August 02, 2010

SKS Microfinance IPO had received an IPO Grade 4/5 from Credit Rating Agency CARE. ‘CARE IPO Grade 4’ indicates Above Average Fundamentals. SKS Microfinance Ltd. is the first microfinance company in India to come up with an IPO. SKS Microfinance Ltd. is one of the largest players in the Indian micro-finance industry. Started in 1998 as an NGO, SKS transformed into an NBFC in 2005 and is regulated by the RBI

QIB: 23.43 times
Non-Institutional Investors: 5.85 times
Retail: 2.99 times
Employees: 0.57 times
Overall: 13.36 times