got the very confirm news that inspite of list at discount niraj will surly run this confirm news from operators operator will run this stock so dont sell at listing rather waith for 1 hour trade and then sell it
hey dont rely on rumours that Niraj will list at discount have faith in market i have got 25 years experience it will surly give gain. In past so many issues which were in discount in grey market but 99% issues would have listed in premium only and even if they were listed in discount but after 1 hour trade it would come in premium this is not just a comment but my 25 years experience speaks if you people dont belive then u will see tomorroww morning what will happen but dont sell Niraj Share only on the base of rumours and messages good luck
Hey guys pls dont try to be a market masters and pls dont predict any situation for Niraj IPO Listing it will surly list at good amount of premium 200+ And Pls dont think anyting......ok...........
TODAY NIRAJ CEMENT IPO LISTING DATE WILL BE CONFORM THAT 19 JUNE 2008 IPO LISTING.AND OUR CLEINT HAS BEEN ALLOT SHARES BUT NOT CR. IN HIS DEMAT A/C WHAT REASON.
Niraj Cement Structurals an engineering and construction company focusing on road construction development, will list on the bourses with its equity shares on June 19, 2008. The issue price is fixed at Rs 190 per equity share.
The IPO of Niraj Cement Structurals had received total bids for 56.57 lac equity shares as against the issue size of 32,50,000 shares and was subscribed 1.74 times. Non-institutional and retail investors responded the issue quite well, their reserved portion subscribed around 4 times each.
The Company proposes to utilize the net proceeds of the Issue to finance its plan for investment in capital equipment on a recurring basis, fund long term working capital requirements and for general corporate purposes. It intends to bid for road related infrastructure projects - leveraging and building the specialization and prequalification and thereby participating in more states and regions and gaining access to more complex projects. It will leverage its strength in Road Construction to bid for projects on BOOT and BOT basis which will enhance the core competence of the company.
Niraj is catering to road projects and has capability to execute various road construction projects. Its major clients include New Mangalore Port Trust, Orissa Work Govt. Dept, Indore Development Authority, Jaipur Development Authority and Kidco. Its present areas of operations are road construction and other infrastructure related works including providing EPC services.
Good news from my reliable source this source i am using since ten years and as per that Niraj IPO will list 200+ and can go upto 300 so guys enjoy.................