India’s leading microfinance firm, SKS Microfinance, made a decent debut on the Bombay Stock Exchange at Rs 1.036, up 5.17 per cent over its issue price.

Shares of SKS Microfinance, engaged in providing microfinance services to individuals from poor segments of rural India, will list on exchanges on Monday, August 16, 2010. It has fixed issue price at Rs 985 per share, at higher end of price band of Rs 850-985.

SKS Micro Finance IPO Basis Of Allotment

Engineers India FPO Basis Of Allotment Status

Engineers India FPO Basis Of Allotment Status

Steel pipe maker Prakash Steelage on Wednesday fixed the issue price of its initial public offer at Rs 110 per share — the upper end of the price band.

The initial public offer (IPO) of steel pipe-maker Prakash Steelage got subscribed 4.53 times on close, on the back of huge participation from non-institutional investors.

The initial pubic issue of Prakash Steelage was subscribed 1.77 times on the last day of bidding for the issue by qualified institutional buyers (QIB) today, 9 August 2010. The IPO received bids for 1.10 crore shares, compared with 62.5 lakh shares on offer.

Credits ratings agency, CRISIL Equities has assigned an above-average fundamental grading for the initial public offer (IPO) of Ashoka Buildcon Ltd, which proposes to enter into capital markets via fund raising through equity offer.

The 62.5 lakh shares initial public offering (IPO) of Prakash Steelage (PSL), which is engaged in the manufacturing of seamless & welded stainless steel pipes, tubes and U-tubes, has subscribed 1.23 times, as per NSE’s website.

Hem Securities has recommended that investor with risk apetite can go for the issue, in its research report.

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