Mini Sensex has been launched by the BSE. The symbol for Mini Sensex will be MSX. Delivery of Mini Sensex will be done through cash settlement. Just like the other derivative contracts there will be 1, 2 and 3 month contracts available. Mini Sensex will also have weekly contracts. NSE is also likely to reduce the contract size of NIFTY in a bid to encourage retail participation in the derivatives segment.
Future Capital IPO has finally received the long awaited clearance from SEBI. Future Capital IPO is likely to hit the markets in January 2008. The only thing that could deter the Future Capital IPO now is bad market conditions. If market remains buoyant, Future Capital IPO will hit the markets soon. Reliance Power IPO is also rumoured to hit the markets soon. Hence investors are advised to start setting aside funds to apply in these two IPO’s where huge listing gains are likely. More details on the Future Capital IPO including Future Capital IPO Subscription details and Future Capital IPO allotment information will be updated here soon.
Jagran Prakashan Stock Split Record Date has been fixed today as January 16, 2008. The face value of shares of Jagran Prakashan will be split in the ratio of 5:1. Hence, post sub division, investors who hold 1 share of face value Rs. 10 each will get 5 shares of face value Rs. 2 each. The shareholders who’s names appears in the shareholders register of Jagran Prakashan on the record date will be eligible for the stock split.
Canara Bank Open offer price for Can Fin Homes stands revised as per an announcement made by Canara Bank to the stock exchanges. The revised Can Fin Homes open offer price stands at Rs 78 per share. Canara Bank will buy the shares of Can Fin Homes from the shareholders of Can Fin Homes who participate in this open offer for a cash consideration of Rs. 78. The closing date of the Canara Bank Open offer price for Can Fin Homes remains unchanged and hence the open offer will close on January 07, 2008 as scheduled earlier.
Pride Hotels IPO Subscription Dates are likely to be announced soon, as per a report published in ET on Dec 26, 2007. Pride Hotels group is a Mumbai based chain of hotels which has hotels in Nagpur, Ahmedabad, Pune and Chennai. It is at present constructing a hotel in Bangalore. Pride Hotels estimates that the construction of the Bangalore hotel will most likely be completed before the IPO. Pride Hotels IPO will help raise funding for a Mumbai hotel cum spa. Pride Hotels IPO had recently raised Private Equity funding from Kotak realty fund, which is a leading properietry real estate private equity fund. More details about the Pride Hotels IPO including the Pride Hotels IPO Subscription Details and subscription Dates will be updated here as and when they are available.
The record date for the Suzlon Energy Stock Split has been fixed by the board of Suzlon Energy Limited earlier today. Suzlon Energy Stock Split Record Date has been fixed as January 28, 2008. A few weeks back Suzlon Energy Stock Split ratio was fixed as 5:1 wherein there will be a sub-division in the face value of the shares of Suzlon Energy from Rs. 10 to Rs. 2. Hence investors will get 5 shares of face value Rs. 2 each for every 1 share of face value Rs. 10 each that they hold on the record date for the stock split. More details on the Suzlon Energy Stock Split will be updated here in the next few days.
Balmer Lawrie Open Offer price has been fixed today by Grief International Holding which proposes to acquire a little less than 20% stake in Balmer Lawrie VanLeer and delist the shares of Balmer Lawrie after the open offer. In an announcement made today, the Balmer Lawrie VanLeer Open Offer price has been fixed at Rs. 70 per share of face value Rs. 10 each. Share prices of Balmer Lawrie VanLeer remained stagnant at close to Rs. 67 today on the BSE. There is an arbitrage opportunity and investors can make Rs. 3 per share through the Grief International Holding open offer for Balmer Lawrie VanLeer. However there is a risk of the open offer failing in which case the prices of Balmer Lawrie VanLeer’s shares are bound to fall. Balmer Lawrie Open Offer record date has not yet been announced. The record date will be updated here as soon as it has been announced by the company.
BGR Energy IPO Allotment Status is out and can be checked over here BGR Energy IPO Allotment was very low since the IPO was heavily oversubscribed. Most investors after checking out the allotment status of BGR Energy IPO would be disappointed that no shares have been alloted to them. Those who have received allotment should consider themselves very lucky since BGR Energy IPO would provide very high listing gains. BGR Energy IPO Listing Date has not yet been announced. Investors can check this space often to know the BGR IPO Listing Date as soon as it has been announced by the company.
Super Tannery Stock Split has been proposed by the board of directors of the company. As per the statement issued by the board of directors of Super Tannery India Limited, the face value of the shares of Super Tannery are proposed to be split in the ratio of 5:1 in which 1 share of face value Rs. 10 each will be split into 5 shares of face value Rs. 2 each on the record date for the stock split. Super Tannery Stock Split record Date is yet to be announced.
The Record Date for Indiabulls Financial Services Merger and Demerger has been fixed as January 08, 2008. The record date was announced to the stock exchanges by the Board of Directors of Indiabulls Financial Services Limited held on Monday. The Financial Merger and Demerger approved by the Honourable High Court of Delhi, New Delhi. More details about the Indiabulls Financial Merger and Demerger coming soon.