The initial public offer (IPO) of Chennai-based Edserv Softsystems of Rs 20 crore managed to sail through even while the Rs 44-crore IPO of Gemini Engi-Fab has been pulled off last week due to lack of investor confidence.
According to data revealed by National Stock Exchange, the IPO of EdServ Softsystems has received 51,49,000 bids as against issue size of 39,73,908 shares and got subscribed 1.30 times.
The price band for the issue was fixed between Rs 55 and Rs 60.
In today's trading session, Tata group stocks witnessed mixed reaction from investors on news that Tata Sons, the holding company of the Tata group, has pledged shares of some of the group companies, to finance operations in a tight liquidity situation in the credit market.
In its filing with the NSE, Steel giant Tata Steel, announced that the company's founders have pledged 9.89 crore shares, or 13.53 per cent of the total equity capital.
Medical services provider Fortis Healthcare notified on Tuesday that one of its main promoters Fortis Healthcare Holdings has pledged 20.75 per cent stake of the company for an undisclosed amount.
The health chain said, that its promoter (Fortis Healthcare Holdings) has pledged 4.70 crore shares representing 20.75 per cent stake in the company.
After opening on a flat note, the Sensex continued to trade strong on account of heavy buying action witnessed across frontline stocks including DLF and Reliance Capital.
The BSE Sensex hit one-month high above the 9,700-mark on hopes that the interim budget will contain fiscal incentives to perk up sagging growth.
Realty stocks gained the most on hopes the forthcoming interim budget may include sops to the housing segment. The BSE realty index surged 5.89%, the most among sectoral indices on BSE.
The Mumbai’s King Edward Memorial (KEM) Hospital is struggling to deal with emergency services after resident doctors went on a strike.
The resident doctors are calling for the arrest of 25 people following an alleged assault on five of their colleagues by relatives of a patient on Monday night.
The patient, who was undergoing treatment in the Central Mumbai hospital for the last 15 days, died in the hospital and the body was not handed over to the relatives.
The initial public offer (IPO) of Chennai-based Edserv Softsystems of Rs 20 crore managed to sail through even while the Rs 44-crore IPO of Gemini Engi-Fab has been pulled off last week due to lack of investor confidence.
In today's trading session, Tata group stocks witnessed mixed reaction from investors on news that Tata Sons, the holding company of the Tata group, has pledged shares of some of the group companies, to finance operations in a tight liquidity situation in the credit market.
Medical services provider Fortis Healthcare notified on Tuesday that one of its main promoters Fortis Healthcare Holdings has pledged 20.75 per cent stake of the company for an undisclosed amount. 
After opening on a flat note, the Sensex continued to trade strong on account of heavy buying action witnessed across frontline stocks including DLF and Reliance Capital. 
The Mumbai’s King Edward Memorial (KEM) Hospital is struggling to deal with emergency services after resident doctors went on a strike.
