26 more stocks in F&O list
Chennai: The NSE will introduce 26 more stocks in the derivatives segment from December 29 taking the total number of stocks available for trading in the F&O segment to 150.

The stocks to be brought into the F&O segment include active counters in the cash segment like Bajaj Hindustan, Hindustan Construction, Jaiprakash Associates, Nagarjuna Construction and Tata Teleservices Maharashtra.

Others include Aban Offshore, Amtek Auto, Balrampur Chini, Bata India, Gateway Distriparks, HCC, JSW Srteel, Lupin, Praj Industries, Voltas, Sri Renuka Sugars, and Sesa Goa. An NSE circular said the details of market lot and list of contracts being made available for trading in the 26 securities will be informed to members separately thorough a circular on December 28.

Sobha Developers, which was listed on Wednesday, has been introduced to the F&O segment straightaway.

The scrip closed at Rs928, a 45 per cent gain, over the issue price of Rs640.
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Great Offshore to list today
Mumbai: Great Offshore, born of the de-merger of Great Eastern Shipping's offshore business, will be listed on Thursday. The company is engaged in offering offshore drilling services, marine construction services and other offshore support and logistics services. The company has a fleet of 30 offshore assets, including offshore support vessels and jack-up rigs, the average age being 12.3 years, considered the youngest Indian fleet in the offshore space. It has on order three offshore supply vessels and one jack-up rig, involving an investment of over $200 million.
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Scam-accused get notices by Sebi
Mumbai: The Securities and Exchange Board of India (Sebi) has issued show-cause notices to all those allegedly involved in the IPO-demat scam.

The notices have been issued to depositories, depository participants (DPs) and other intermediaries, asking them why further inquiry cannot be initiated against them in the scam.

Sebi has has alleged that all those named in the scam have violated the Sebi regulations. The intermediaries have been given 10 days' time to reply to the notices. Some of them have already replied, denying any such violations.
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Garware Offshore to raise $25mn
Mumbai: Garware Offshore Services has announced a proposal to raise funds up to $ 25 million through Qualified Institutional Placement (QIP) mechanism, subject to approval of shareholders. This will be utilised for acquiring offshore vessels. The company has also proposed raising of FII shareholding via the portfolio investment scheme in the company up to 60 per cent. It also decided to raise the borrowing powers of the company from the present Rs500 crore to Rs1,000 crore, subject to shareholders approval.
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IPO listings
Mumbai: The Sobha Developers stock debuted at the NSE at Rs1120, a premium of 75 per cent to its issue price of Rs640. The company is a real estate developer with income from residential and contractual projects.

The stock reached an intra-day high of Rs1,248 and settled at Rs926.65 on the NSE. It opened at Rs1,111.25 on the BSE, a premium of 73.6 per cent, touched an intra-day high of Rs1,179 and closed at Rs968.75.

The company had offered 88.9 lakh equity shares of Rs10 each through 100 per cent book-building process.
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Ruchira Papers
Ruchira Papers, a Himachal Pradesh-based kraft paper manufacturer, was listed on the BSE at Rs24.35 at a premium of 5.8 per cent to its issue price of Rs23. The stock slipped to an intra day low of Rs20.65, before settling at Rs20.95. On the NSE, the share opened at Rs24, a premium of 4.3 per cent, moved to an intra - day high of Rs24.50 and closed at Rs21.05. The company had offered 1.11 crore-equity shares of Rs10 each through 100 per cent book building process.
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Shree Ashtavinayak IPO subscribed 6 times
Mumbai: The initial public offering of Shree Ashtavinayak Cine Vision was subscribed 6.04 times on the closing day. Bids were received across the price band of Rs140 - Rs160 a share. The issue received bids for 1.99 crore shares against 33 lakh shares offered on the NSE and the BSE.

The QIB portion has been over-subscribed by 6.13 times, the non-institutional investor segment by 10.67 times and retail 3.94 times. The Rs52-crore IPO was offered through the 100 per cent book-building process. The IPO proceeds will go to produce three untitled films and procurement of pre and post-production equipment.
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Alpa Lab files draft prospectus with SEBI
Mumbai: Alpa Laboratories, a pharmaceuticals formulations company, has filed a draft prospectus with SEBI to enter the capital market with an IPO of 95 lakh equity shares of Rs10 each through a 100 per cent book building process. Of the shares on offer, 2.50 lakh shares will be reserved for employees and the net offer to the public will be 92.50 lakh shares.

Fifty per cent is being reserved for qualified institutional bidders and 15 per cent for non-institutional investors. The remaining 35 per cent is reserved for allotment to retail investors on a proportionate basis. The issue constitutes 44.06 per cent of the fully diluted post-issue equity capital of the company.

The lead manager for the issue is Allianz Securities Ltd and the registrar will be Bigshare Services.
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