IPO Watch

Indian Govt. Plans To Dilute Stake In Oil India Along With Oil India IPO

Oil India LimitedThe government is making plans to offload its stake from Oil India (OIL).

Omnitech Infosolutions To List On August 14

Omnitech InfoSolutions Limited Stock ChartBSE has declared that from Tuesday, August 14, 2007; the equity shares of Omnitech InfoSolutions Limited (Scrip Code: 532882) are scheduled and accepted for transaction on the stock exchange in the list of ‘B1’ Securities Group.

The company’s equity shares (Symbol: OMNITECH) shall be listed and allowed to dealings on the NSE w.e.f. August 14, 2007.

Simplex Projects Ends With 47% Premium

Today the equity shares of Kolkata-based integrated infrastructure player Simplex Projects were listed at Rs 323.75 or 75% premium to its issue price of Rs 185 on the BSE.

During the day, the scrip touched an intraday high of 323.75 and low of 266.70. Lastly, the company’s shares closed at Rs 272.05, an increase of 47%.

There were 6,719.672 shares for trading on the BSE counter.

Roman Tarmat debuts with gain of Rs 120

Roman Tarmat Ltd.Today, the shares of Mumbai-based construction company Roman Tarmat listed (July 9) on the NSE and the BSE.

Shares of the company opened up at a premium of Rs 120.00, or 68.57%, at Rs 295.00, greater than the issue price of Rs 175.00, at the Bombay Stock Exchange. The overall volume of shares traded was 1,667,036.

Simplex To Raise Rs 55 Cr From Its IPO

Simplex Projects LtdSimplex Projects Ltd., Construction Company is reported to h

BEML Filing Red Herring Prospectus With SEBI

After receivingSecurities and Exchange Board of India cabinet’s clearance of a follow-on public offer, BEML is looking to file the red herring prospectus with SEBI this month. “The company was in the process of filing the red herring prospectus (RHP) with SEBI this month. “We intend to hit the market in the first half of June this year," said Natarajan, BEML chairman and managing director.
According to Natarajan, Rs 440-crore public issue would be made entirely through the book-building route. After the follow-on public offer, government holding in BEML would be 55% and the balance would be held by public and financial institutions.

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