ONGC IPO opens
New Delhi: ONGC's public offering has opened today. Reports say that it was oversubscribed within half an hour of its opening. It will be the largest IPO by any company ever in the Indian capital markets. ONGC has fixed the share price of its IPO between a band of Rs 680 and Rs 750.
Small investors can bid up to Rs 50,000 and can apply in lots of 10 shares. The issue will be open till March 13.
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Dredging Corporation: Offer oversubscribed 6 times
Mumbai: The public offer of Dredging Corporation closed today with the issue being oversubscribed six times. The pricing of the issue is likely to be announced tomorrow.
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Stanchart MF launches IPO of its PF plan
Hyderabad: Standard Chartered Mutual Fund has launched the IPO of its PF plan under the Grindlays Government Securities Fund.

Stanchart MF says that the open-ended plan comprises a feature called `Defined Maturity Date' which allows PF fund managers to predefine a date for automatic redemption of their units, facilitating better planning of their cash flows. The issue, which opened on February 24, will close on March 17.
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NSE moves 35 scrips to rolling segment
Mumbai: The National Stock Exchange has announced that 35 scrips would be moved from the trade-for-trade segment to the rolling segment. The changes in these scrips' status would be effective from March 9 on both BSE and NSE.
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Sensex down
The Sensex closed at 5815.87, down 26 points points from its previous close of 5842.20. The Nifty ended at 1844.95, lower by 15 points than its previous close of 1860.40.
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Counters:
MphasiS gained by Rs 22.8 to Rs 638.75.
Marico Industries gained Rs 36.90 and closed at Rs 279.90.
ICICI Bank up by 4.69 per cent to close at Rs 289.25.
Daewoo Motors higher at Rs 10.14.
Exide Industries gaining Rs 4.4 to close at Rs 132
Apollo Tyres gained by Rs 5.75 to close at Rs 245.95.
Tata Power gained Rs 6.6 to close at 376.9.
Reliance Energy gained Rs 9.45 to close at Rs 809.25.
BHEL gained by Rs 1.2 to Rs 592.5
ONGC gained by Rs 8.5 to Rs 760.05.
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Private Sector may get IPO relaxations
Mumbai: The Securities and Exchange Board of India (SEBI) is considering the possibility of extending relaxations offered to public sector company IPOs to the private sector on a case-to-case basis, Mr G.N. Bajpai, Chairman, SEBI, said today. Mr Bajpai told journalists that SEBI was carrying out investigations on the public sector undertaking IPO share price decline. "Action, if necessary, would be taken after investigations are complete,'' he told journalists on the sidelines of the Fifth SS Nadkarni Memorial Lecture organised by IRIS and Edelweiss Capital.
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ONGC: Clarifies on PN issue
New Delhi: The Government has stated that only the associates of book-running lead managers will be allowed to issue participatory notes for the public offer for sale of 10 per cent equity in ONGC to attract large foreign investors. The book-running lead managers themselves cannot issue the notes.
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