Puravankara - Listed below IPO value

Puravankara listed today with a discount of more than 5% on BSE. Currently it is trading at levels of Rs. 375. And market is up today.

Exide Industries: Board agrees for rights issue

During the board meeting held on 29-Aug-2007, Exide board agreed for rights issue. These shares will be alloted in the ratio of 1:15 (One share for every fifteen shares) at a face value of Rs. 1 with a premium of Rs. 29, effectively Rs. 30/- for each share thus raising an amount of Rs. 150 Crores. Thus raised funds would be utilized to augment the long-term resources of the company.

Refex - Poor opening

Refex opening was poorer than expected. Currently it is trading at Rs. 64 levels (Below IPO price). You can check your allotment status here. Should I say good luck to all who allotted?

Tech stocks on recovery?

Rupee is raising. Keep a watch on tech stocks. Since one week, stock value of Big 4 (TCS, Wipro, Infosys and Satyam) raised by about 2-4%, TCS being the highest gainer in one week.

Omnitech Infosolutions IPO - Allotment Status

Omnitech Infosolutions IPO - Allotment Status can be found here.

Central Bank Of India - Allotment Status

Central Bank Of India IPO allotment status is available here. Good luck to you.