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NTPC
issue attracts $15billion
Mumbai: The NTPC IPO has created the highest ever
demand for any equity issue in India in value terms and
attracted the largest number of foreign institutional
investors.
The NTPC sale of over 86 crore shares, comprising 10.5
per cent of the company's equity capital, attracted a
record $15 billion and about 260 FIIs. The shares, now
priced at Rs62 per share, are likely to be listed on the
exchanges on November 5.
The issue, which was subscribed 13 times, also had its
employees' quota subscribed 1.8 times.
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ADR
- Indian companies as of October 15
US Index Report
Date Oct 15 2004
|
DJIA
|
Dow Jones Industrial Average
|
9933.38
|
+
38.93
|
|
NASDAQ
|
Nasdaq Composite
|
1911.5
|
+ 8.48
|
INDIAN ADRs on NASDAQ
and NYSE
Date Oct 15 2004
|
IBN
|
ICICI Bank Ltd
|
$
14.41
|
+
0.45
|
|
INFY
|
Infosys Technologies Ltd
|
$
60.75
|
-
0.3633
|
|
REDF
|
Rediff.com India Ltd
|
$
7.50
|
-
0.24
|
|
SIFY
|
Sify Ltd
|
$ 5.54
|
- 0.59
|
|
VSL
|
Videsh Sanchar Nigam Ltd
|
$ 7.29
|
+ 0.06
|
|
WIT
|
Wipro Ltd
|
$ 21.49
|
-
0.62
|
|
RDY
|
Dr.Reddys Laboratories Ltd
|
$
16.50
|
+
0.05
|
|
SAY
|
Satyam Computer Services Ltd
|
$
26.38
|
- 0.52
|
|
HDB
|
HDFC Bank
|
$
33.28
|
+
0.58
|
|
MTE
|
Mahanagar Telephone Nigam Ltd
|
$
7.22
|
+
0.05
|
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Indoco
Remedies files draft prospectus
Mumbai: Indoco Remedies has filed the draft prospectus
with Security and Exchange Board of India for its maiden
public issue.
In a communiqué issued recently, the company said
that it is making initial public offerings of 30 lakh
equity shares of Rs10 each. The issue is 100 per cent
through the book building process.
The finances are being raised to fund part of the company's
expansion programme, to set up a formulation plant at
Baddi, Himachal Pradesh, a bulk drugs manufacturing plant,
a research and development centre and repayment of loans
for brand acquisition and purchase of office, the note
said.
The issue would constitute 25.38 per cent of the fully
diluted post issue paid-up capital of the company. Promoters
and the promoting group currently hold 79.75 per cent
of the paid-up equity capital of Rs8.82 crore, which would
decrease to 59.51 per cent after the issue.
Enam Financial Consultants Private Ltd is the book running
lead manager while Intime Spectrum Registry Ltd is the
registrar to the issue, the note said.
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