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Resurgere Mines & Minerals India Ltd IPO Final subscription status:
Resurgere Mines & Minerals India Ltd IPO Final subscription status:
Overall subscription: 1.16 times
Retail Individual Investors (RIIs) category: 0.40 times
Qualified Institutional Buyers (QIBs): 1.34 times
Non Institutional Investors: 2.41 times
Austral Coke & Projects Ltd IPO Final subscription status
Austral Coke & Projects Ltd IPO Final subscription status:
Overall subscription: 1.65 times
Retail Individual Investors (RIIs) category: 0.67 times
Qualified Institutional Buyers (QIBs): 0.62 times
Non Institutional Investors: 7.32 times
Vishal Information Technologies Ltd IPO – Listing Date
Vishal Information Technologies Ltd IPO is getting listed on 11-Aug-08 . Listing details are:
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Vishal Information Technologies Ltd |
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Listing Date |
11-Aug-2008 |
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BSE Scrip Code |
533011 |
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NSE Symbol |
VITLINFO |
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Listing in |
‘B’ Group of Securities |
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ISIN |
INE108J01014 |
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Issue price |
150 |
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Face Value |
10 |
Mother of all IPOs coming
The proposed mega public listing of Bharat Sanchar Nigam Ltd (BSNL) moved a step ahead with the government indicating a valuation of about Rs 2,00,000 crore for the state-owned telecom behemoth.
‘ASBA’ payment method – new rabbit from SEBI’s hat
Introduced in July 2008, Applications Supported by Blocked Amount (ASBA) Process, is the alternative payment method (optional) for IPO application where the IPO bidding amount remains in investors account, but blocked by the bank until allotment is done. If there is no allotment, the amount would be released by bank, and the investor could be able to use it immediately.
This is an additional method of payment available exclusively to retail individual investors through participatory banks (SCSB’s). Banks would be required to register themselves in the SCSB list, which would be available on SEBI’s website. The purpose of adding this new payment option is to reduce the turn around time for IPO Stock listing and to make the refund process faster.
Vishal Information Technologies Ltd IPO allotment status
Vishal Information Technologies Ltd IPO allotment status is out and available at http://www.intimespectrum.com/site/ipo.asp
Vishal Information Technologies Ltd IPO was open on July 21, 2008 and closed on July 24, 2008. IPO
Nu Tek India Limited IPO Final subscription status
Nu Tek India Limited IPO Final subscription status:
Overall subscription: 1.63 times
Retail Individual Investors (RIIs) category: 1.01 times
Qualified Institutional Buyers (QIBs): 2.06 times
Non Institutional Investors: 1.78 times
That means retail investors will get fill allotment except for those whose applications are not correct.
Resurgere Mines & Minerals India Limited - IPO
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Resurgere Mines & Minerals India Limited (Formerly Exfin Shipping (India) Ltd.) |
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Period |
11-Aug to 13-Aug 2008 |
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Size (Equity Shares) |
5000000 |
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Type |
100% Book Built Issue (Initial Public Offer IPO) |
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Face Value |
Rs. 10- |
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Price Range |
Rs 263 to Rs 272 |
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Market Lot |
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Max shares Retails investor can apply at cut off |
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Registrar |
Intime Spectrum Registry Ltd |
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Registrar’s email |
rmmil.ipo@intimespectrum.com) |
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Lead Manager |
Motilal Oswal Investments Advisors Pvt Ltd |
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Listing |
BSE, NSE |
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Grading |
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About the company |
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Incorporated: 1987 Business: Extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and Iron Ore Fines. The company is also engaged into merchant export of iron ore fines to China. Resurgere Mines & Minerals India Ltd is ISO 9001:2000 and ISO 14001:2004 Certified from UKAS, United Kingdom. Company is a recognised Star Trading House of India and is also member of various business councils i.e. CAPEXIL, FIEO, FIMI etc. Company currently operates in Nuagaon, Kendujhargarh district and Maharajpur, Mayurbhanj district of Orissa and company purport to commence operations in Singhbhum district of Jharkhand in the near future. Resurgere Mines & Minerals India Ltd have entered in to longterm contracts for these mines, at Nuagoan and at Maharajpur, with the leaseholders for raising and purchasing of iron ore. Company have also entered into similar arrangement with a leaseholder in a mining area in the West Singhbhum district of Jharkhand for the raising of iron ore and then supply of entire production of the mine. All the three mines carry high quality iron ore of about 62% - 64% Fe content. They have made an application to the Collector of Sindhudurg district for the grant of an iron ore mining lease over an area of 108.77 hectares in village Banda, District Sindhudurg in Maharashtra. Company have also applied for two prospecting leases of iron ore in Banda region to the Collector of Sindhudurg district. They are also engaged in merchant export of iron ore fines to China. Resurgere Mines also propose to venture in bauxite mining and processing business in the near future and hold a mining lease over bauxite mines situated in Yelwan Jugai, Maharashtra through wholly owned subsidiary M/s. Warana Minerals Private Limited (WMPL). WMPL is a partner with 60% share in a registered partnership firm, Shri Warana Minerals which is engaged in the business of mining bauxite ore under the said 30 year mining lease. The mining assets of Company, except Banda mine, have cumulative estimated reserve of 74.82 million tonnes of iron ore and 4.92 milllion tonnes of bauxite as certified by Central Mining Research Institute. |
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Objects of the Issue |
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# Purchase of Plant and Machinery for setting up of our own extraction and crushing facilities at the mines; # Purchase of railway rakes to set up our own logistics infrastructure facilities; # Margin money for working capital; # General Corporate Purposes. |
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