Muthoot Finance (MFL), with gold loan portfolio of Rs.130 billion, is the largest gold financing company in India. With about 20% market share in gold loan business, the company services to the needs of more than 4.1 million customers. A NBFC-ND-SI, MFL has about 67% of its branches located in gold-rich region of South India and accounts for 75% of total loan portfolio from this region. The ... [Continue Reading]
Lovable Lingerie IPO Opens on 8 March 2011, Subscribe Or Not
Lovable Lingerie has opened its (IPO) initial public offering for subscription from 8 March. The company has set price band at Rs.195 - 205 per share for its Rs.93.28 crore IPO. The issue will close on 11 March 2011. Bids can be made for 30 equity shares and in multiple of 30 shares thereafter. It is woman's inner wear manufacturing company, actively engaged in this industry. Equity shares are ... [Continue Reading]
Midvalley Entertainment IPO opens Today 10 Jan 2011
South India based entertainment & media company Midvalley Entertainment Limited (MVEL) has opened its (IPO) initial public offering for subscription from today. The company has set price band at Rs.64-70 per share for its Rs.60 crore IPO. The issue will close for subscription on January 11. Bids can be made for 95 equity shares and in multiple of 95 shares thereafter. It is a film production, ... [Continue Reading]
Shares of Punjab and Sind Bank Will list on 30 Dec 2010
State-owned Punjab and Sind Bank will list its equity shares on exchanges on 30 December 2010. Also, it has fixed issue price at higher end of price band of Rs.120 per share. However, equity shares issued to employees and retail investors was given at discount of 5% at Rs.114 per share. Through this IPO the bank raised Rs.470.82 cr; Also the IPO was subscribed 50.75 times (mainly due to QIB). We ... [Continue Reading]
MOIL Lists at Rs.565 vs Issue Price of Rs.375
MOIL India's largest manganese ore producer, lists at a premium of Rs.565 against its issue price of Rs.375. The listing gain for the stock was a more than 50%. At 9:22 AM the stock was trading at Rs.555, with volumes more than 11 Million. We have already recommended strongly to subscribe this IPO. ... [Continue Reading]
