Unlike Emaar and Wockhardt which cut their IPO price bands, IRB Infrastructure plunged into the volatile capital market with its original price band of Rs 185-220.
As of 5 Pm, IRB issue was subscribed by 44% overall. The QIB portion was however higher at 75%. The issue closes on feb 5.
Wokhardt was yet to open its account as of 5 PM. It has revised its price band at Rs 280-310 (orig Rs 225-260)
Emaar IPO opens tomorrow with revised price band of Rs 540-630 (orig Rs 610-690)
Showing posts with label Wockhardt. Show all posts
Showing posts with label Wockhardt. Show all posts
Thursday, January 31, 2008
Wednesday, January 30, 2008
Big fight for big RPL refunds: IRB, Emaar MGF, Wockhardt in fray
MUMBAI, January 30: With a keen eye on the refunds of the mega IPO Reliance Power, at least three major companies – IRB Infrastructure Developers, Emaar MGF, Wockhardt Hospitals Ltd – are all set to dare the market volatility and enter the IPO market from tomorrow.
Refunds from India's largest IPO Reliance Power Limited are reported to be around Rs 100,000 crores. The capital market is all set to witness yet another big fight post RPL IPO – this time for the refunds of RPL application amounts. Refunds of RPL applications are expected to start hitting the bank accounts around the first week of February.
Many fresh IPOs, including that of Highways specialist IRB Infrastructure Developers Limited, Emaar MGF, a JV between Dubai-based Emaar Properties and MGF Development, and health care company Wockhardt Hospitals Ltd, are all se to vie with each to garner the RPL refunds.
While IRB and Wockhardt IPOs would open between January 31 and February 5, 2008, Emaar MGF issue opens on February 1.
Emaar MGF plans to raise Rs 7,080 crore, touted to be the second largest IPO by an Indian real estate firm. The company will offer 10.25 crore equity shares of Rs 10 face value at Rs 610 and Rs 690 per share.
IRB Infrastructure is entering the market on the strength of success of its road and highway projects. The company has recently outbid giants like Reliance Energy and L&T to win the contract for six-laning of 239 km long Dahisar-Surat section of the National Highway development Project (NHDP). With a public issue of 5,10,57,666 Equity Shares of Rs 10 each and a price band of Rs 185 to Rs 220 it targets to raise Rs 1,200 crores.
Wockhardt Hospitals Ltd it plans to raise 7.78 billion rupees through its IPO for setting up hospitals. The firm has set a price band of 280-310 rupees a share for the IPO and plans to sell
25.09 million shares. The healthcare services company is scheduled to enter the capital market on January 31 with an IPO of 25,087,097 equity shares of the face value of Rs 10 each for cash at a price to be determined through a 100 per cent book building process. The price band of the IPO has been fixed between Rs 280 and Rs 310 per share. The issue closes on February 5.
Refunds from India's largest IPO Reliance Power Limited are reported to be around Rs 100,000 crores. The capital market is all set to witness yet another big fight post RPL IPO – this time for the refunds of RPL application amounts. Refunds of RPL applications are expected to start hitting the bank accounts around the first week of February.
Many fresh IPOs, including that of Highways specialist IRB Infrastructure Developers Limited, Emaar MGF, a JV between Dubai-based Emaar Properties and MGF Development, and health care company Wockhardt Hospitals Ltd, are all se to vie with each to garner the RPL refunds.
While IRB and Wockhardt IPOs would open between January 31 and February 5, 2008, Emaar MGF issue opens on February 1.
Emaar MGF plans to raise Rs 7,080 crore, touted to be the second largest IPO by an Indian real estate firm. The company will offer 10.25 crore equity shares of Rs 10 face value at Rs 610 and Rs 690 per share.
IRB Infrastructure is entering the market on the strength of success of its road and highway projects. The company has recently outbid giants like Reliance Energy and L&T to win the contract for six-laning of 239 km long Dahisar-Surat section of the National Highway development Project (NHDP). With a public issue of 5,10,57,666 Equity Shares of Rs 10 each and a price band of Rs 185 to Rs 220 it targets to raise Rs 1,200 crores.
Wockhardt Hospitals Ltd it plans to raise 7.78 billion rupees through its IPO for setting up hospitals. The firm has set a price band of 280-310 rupees a share for the IPO and plans to sell
25.09 million shares. The healthcare services company is scheduled to enter the capital market on January 31 with an IPO of 25,087,097 equity shares of the face value of Rs 10 each for cash at a price to be determined through a 100 per cent book building process. The price band of the IPO has been fixed between Rs 280 and Rs 310 per share. The issue closes on February 5.
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