Commercial Engineers & Body Builders Sets IPO Price In INR125 INR127 -Indicative Band
India's Commercial Engineers & Body Builders has set the indicative price of its proposed initial public offering in a INR125-INR127 band.
The offering--which will include a fresh issue of INR1.53 billion worth of shares and an offer for sale of nearly 1.53 million shares by New York Life Investment Management India II LLC and Commercial Automobiles Pvt. Ltd.--will open for subscriptions on Sept. 30 and close on Oct. 5, the company said in a newspaper advertisement Tuesday.
It may consider participation by anchor investors, bidding for which will open a day before the issue starts.
ICICI Securities Ltd. and Edelweiss Capital Ltd are the arrangers to the issue.
TECPRO IS A MUST APPLY. GREY MARKET RS. 20 PREMIUM. IF WE GET 270 PER APPLICATION ITS A COOL 5400 PER APPLICATION PROFIT. MUST APPLY 20 DIN MAIN 5400 BAHUT HAI.
I have a question. Can I apply two applications in this IPO from my two different demat accounts. I've one account in ICICI and other in Angel broking. Please suggest.
YEH AAJKAL HO KYA GAYA HAI. CHOTTI MOTI COMPANIES BHI RS. 355 MAIN IPO LAA RAHI HAI. SEBI INHE ROKTI KYON NAHIN HAI. SEE ELECTRO WHAT GOOD PRICING. BUT THIS CHAMPU TYPR COMPANIES ARE ASKING 355 PER SHARE.
THIS REMINDS ME THE ERA OF HARSHAD MEHTA WEHRE ALMOST 15 COMPANIES HIT IPO EVERY MONTH BUT AFTER FEW MONTHS MANY RAN AWAY FROM THE MARKET. THEY EVEN DID NOT PAY LISTING FEES AND NOW ARE NOT TRADED ON NSE/BSE.
TECPRO ALREADY SUBSCRIBED MORE BECAUSE IN TECPRO YESTERDAY WAS QIB LAST DAY BECAUSE ISSUE OPENED FOR 4 DAYS. AND IN ASHOKA QIB LAST DAY IS TODAY NOT YESTERDAY, ISSUE OPENED FOR ONLY 3 DAYS. TODAY YOU WILL SEE ASHOKA ALSO GETTING HEAVILY SUBSCRIBED BY THE QIBS. BUT EMPLOYEES THERE IS LAST DAY TODAY ONLY.
EVEN EMPLOYEES ARE NOT POSITIVE FOR THEIR OWN COMPANY IPO. ITS A MUST AVOID TECPRO BUT MUST APPLY ASHOKA BOTH 4 STAR COMAPNY
Somebody commented that Employees don't have much faith on Tecpro Systems in compared to Ashoka Buildcon. I don't think that's any criteria here. This is all about Business, business of profit and loss. Employees cannot influence much of the IPO listing price because in any case their share is less. Here, I could observe that Tecpro already subscribed 14 times as compared to Ashoka ( 1.8 times). So, the experts -- the institutions have more faith on this stock.
The number of times of total bid would decide the listing gains, of course if market favors. All the best.