20 Jun 07 BEML FPO : Public Issue opens for Subscription on June 27

The BEML FPO opens for subscription on June 27 2007 and closes for subscription on July 03 2007. The FPO price band has not yet been fixed by BEML. Looking at the response to ICICI Bank’s FPO, I’m sure BEML will be tempted to fix the price band for its FPO near the current market price of BEML. BEML shares ended the day at Rs. 1140 on the NSE. If the price band for the BEML FPO is fixed near the current market price, then the market price of BEML might increase. Time to buy BEML shares in the secondary market ahead of its FPO?

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Reader's Comments

1. Husain | 25 Jun 2007 5:26 am

   Hi,
   Can anybody please tell me, which banks provide IPO funding.

   Thanks

2. debasis | 11 Dec 2007 3:33 am

   ICICI, IDBI, HDFC and BOI.

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