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 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]