IPO Closing Today

1) IT People (India) Ltd.

Opening Date: 27-August-07
Closing Date : 31-August-07


Source : www.indian-commodity.com

IPO Closing Today

1) Magnum Ventures Ltd.

Opening Date: 27-August-07
Closing Date : 30-August-07

Source : www.indian-commodity.com

IPO Opening Today

1) Magnum Ventures Ltd.

Opening Date: 27-August-07
Closing Date : 30-August-07


2) IT People (India) Ltd.

Opening Date: 27-August-07
Closing Date : 31-August-07


3) Dagger-forst Tools Ltd.

Opening Date: 27-August-07
Closing Date : 03-September-07

Source : www.indian-commodity.com

Ipo Closing Today

1) Indowind Energy Ltd.

Opening Date: 21-August-07
Closing Date : 24-August-07

IPO Closing Today

1) Motilal Oswal Financial Services Ltd.

Opening Date: 20-August-07
Closing Date : 23-August-07

IPO Opening Today

1) Indowind Energy Ltd.

Opening Date: 21-August-07
Closing Date : 24-August-07

IPO Opening Today

1) Motilal Oswal Financial Services Ltd.

Opening Date: 20-August-07
Closing Date : 23-August-07

Motilal Oswal IPO Price Band At Rs 725-825

Mumbai based Motilal Oswal Financial Services Limited fixed its Initial Public Offering (IPO) price band between Rs 725-825 per equity share. The IPO would be open to public from August 20 and intends to sell 29.8 lakh equity shares of Rs 5 each through 100 per cent book building process.

For the year ended March 31, 2007 the company made a net profit of Rs 69.5 crore on total revenues of Rs 379.1 crore. Outlining the need for raising the capital Chairman and Managing Director of the company Motilal Oswal said the company needs additional capital for long-term working capital requirements and wants to invest in additional office space and technology. Terming that the company is open to inorganic growth, Oswal said that the company wants to focus on Indian market and has no intentions to turn into a bank. "Our focus was to give Indian products to Indian investors and Indian products to foreign investors," Oswal said.

Motilal Oswal Financial Services operates through four subsidiaries namely Motilal Oswal Securities, Motilal Oswal Commodities Brokers, Motilal Oswal Venture Capital Advisors and Motilal Oswal Investment Advisors in the market. The issue closes on August 23.

Indowind Energy IPO On Aug 21

Mumbai: Indowind Energy Ltd mulls to foray the capital market with IPO of Rs 81. 25 crore. The issue opens on August 21 and closes on August 24. The 100-per cent book-building process IPO will offer 1.25 crore equity shares of Rs 10 in the price band of Rs 55-65. About 2.60 lakh has been reserved for the employees. The company proposes using the proceeds for adding 9 MW capacity in Chitradurga, Karnataka, to buy hydraulic cranes, and buy second-hand windmills. The power generated at Chitradurga will be sold to Karnataka Power Transmission Company. The company foresaw huge potential as the installed wind power capacity in the country was only 7,800 MW and there was over 45,000 MW untapped capacity. UTI Securities is the book-running lead manager for the issue, Canara Bank as the co-book running lead manager, while Keynote Corporate Services is an adviser to the issue.

Motilal Oswal Sec To Hit IPO Stands

Motilal Oswal is coming up with an IPO of 29,82,710 equity shares of Rs5 each through 100% book building process on August 20 2007 and will close on August 23,2007. The price band for this issue has been fixed at Rs725-825 per equity share. The purpose for raising the funds through IPO is to support its growth through long term capital deployment, enhanced facility for broking customers, office space and technology advancement.

Investors may be staying away from the market thanks to the volatility but brokers are not, at least when it comes to raising money. Motilal Oswal a prominent domestic broker on Dalal Street is hitting the markets with an IPO hoping that investors will lap up the issue, because brokerages are a favourite with many global investors."Overall the India story is intact, there is no weakness at all, but as far as the global liquidity is concerned we may face some problems, as far as this issue is concerned there is a shortage of financial service paper in the market, given the size and pedigree of the company, I think they will receive good response," Ravi Kapoor Managing Director and Head of Equity, Citigroup said.

IPO Closing Today

1) Puravankara Projects Ltd.

Opening Date: 31-July-07
Closing Date : 8-August-07

IPO Closing Today

1) KPR Mills Ltd.

Opening Date: 2-August-07
Closing Date : 7-August-07


2) Take Solutions Ltd.

Opening Date: 1-August-07
Closing Date : 7-August-07

Purvankara Cuts IPO Price Range To Rs400-450 Per Share

The Indian real estate company, Purvankara Projects limited have lowered the price range for its initial public offering to Rs400-450 per share Rson the last day of its public issue. The company has earlier set a price band of Rs500-525 for its issue of 21.47mn shares. As per the NSE data, the company''s offering was over subscribed 0.36 times on the last day of its issue period. This period is now extended to August 8.

As per the deputy managing director Girish Puravankara, ''The reason (for the revision) is that market sentiment has taken a hit now and we want we want to respect the market sentiment.

The shortfall in the funds raised due to the revision of the price band is intended to be adjusted against the general corporate requirement, the company said in a statement to the Bombay Stock Exchange.

Puravankara Lowers IPO Price Band

The subprime woes have dragged US housing into a slump and the ripples from that have hit India's markets as well. The first casualty is Puravankara. It has been forced to re-price its IPO when it got few takers at the current price. Market regulator SEBI has also endorsed company's move. Puravankara has extended its IPO closing date to August 8 from August 3. It has also lowered its IPO price band to Rs 400 - 450/share from Rs 500 - 525/share. The company says that market volatility has forced it to re-price the issue. At the new prices, Puravankara will be able to raise only Rs 900 crore as against earlier Rs 1127 crore. The IPO, which opened on July 31 and was supposed to close on Friday, got a very poor response. So far the issue got only 36 per cent subscription. However, the management had different reasons to postpone the issue. Realty stocks across board got hammered in the recent market melt down. DLF down 15.7 per cent from its 52 week high of Rs 714. Unitech has lost 13.9 per cent from its all time high of Rs 623, Sobha Developers shed 26.6 per cent from its 52-week high and Parsvnath crashed 43.8 per cent from its all time high. Merchant bankers say that with the downward revision of IPO price, investors now can bid for larger pie of shares.

TAKE Solutions Completely Subscribed On Second Day

MUMBAI: The initial public offering of TAKE Solutions Ltd was subscribed 1.18 times on day 2 of the issue. The IPO received 24,71,787 bids against issue size of 21,00,000 shares. The company, with focus on life sciences and supply chain management solutions, entered the primary markets August 2. The price band of 100% book building issue is Rs 675-730 per share. The issue closes August 7. The issue will constitute 17.50% of the completely diluted post issue paid up equity capital of the company. The company will use the proceeds to acquire companies, businesses and products. TAKE Solutions purchased Texas based, ClearOrbit Inc, a supply chain execution and collaborative supply management solutions provider in June 2007 for an aggregate value of $20.6 million.

IPO Closing Today

1) Puravankara Projects Ltd.

Opening Date: 31-July-07
Closing Date :  3-August-07

IPO Opening Today

1) KPR Mills Ltd.

Opening Date: 2-August-07
Closing Date :  7-August-07