10 Apr 07 Hilton Metal Forging plans to raise Rs 38.15 crore through an IPO
Hilton Metal Forging ltd is all set to tap the indian capital market. The company has planned to come out with an IPO of 54.5 lakh equity shares of Rs 10 each at a price Rs 70 per equity share which includes a premium aggregating to Rs 38.15 crore
The IPO is slated to open on April 18 and closes on April 24, 2007.
Hilton Metal Forging ltd specializes in the manufacture of forgings for various oil, petrochemical, pharmaceutical and automobile industries
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Dear Bullish Indian,
First of all Congrat for your great service done to the investor community through your site,going through it was an eye opener for me. THankx.
I have a query regarding Hilton Metals..what is the issue price decided by them and what is the likly date of listing for the same. Expecting your prompt response as ever thankx.
Hv a great day ahead and continue your service.
Regards,
JasVenk
Hello Jasvenk,
The issue price of hilton metals is Rs.70 per share. Hilton is likely to list in the last week of May. Since it is a fixed price issue, it will take more time for allotment, listing and refund to be completed, compared to a book building IPO
Hi Bullish,
Thankx for your info for my earlier query. This time I would like to know if there are difference in the listing gain of a book building IPO and fixed IPO. Now i got allotted 975 shares…would like to make use of the listing gain…plz advice me at wt price should I book my profit otherwise. Thankx in advance.
No there is no difference. In a fixed price IPO, you wont get the daily subscription details and the allotment, listing and refund will be delayed. In the case of book building IPO, allotment, listing and refund would be completed in 15-20 days. But in the case of fixed price IPO, it will take more than 30 days.