Gravita India IPO – Subscription open from 1 November

Gravita India , a manufacturer of lead metal is planning to enter the capital market with an initial public offering (IPO) of 36 lakh equity shares on November 1 .The gravita india IPO will close on November 3. The company is aiming to raise more than Rs 40 crore at a price band of Rs … Continue reading “Gravita India IPO – Subscription open from 1 November”

Coal India IPO – Bigger Allotment for Small Investors

The retail portion of the Coal India IPO was oversubscribed by 2.31 times. Some analysts feel that allotment ratio might be fixed at 1:2 or 1:3 for those who have invested upto 1 lakh and 1:1 for investors who have subscribed for less than 100 shares. The allotment ratio for Coal India IPO is expected … Continue reading “Coal India IPO – Bigger Allotment for Small Investors”

India’s Largest IPO – Coal India Price fixed at Rs 245

Coal India’s shares will list on  the 4th November 2010 and allotments are likely to be finalised by 1st November. The Government has announced that it will be fixing the price of Coal India Ltd’s (CIL) initial public offering (IPO) at the upper end of the price band at Rs. 245 per share.This decision was … Continue reading “India’s Largest IPO – Coal India Price fixed at Rs 245”

History of Coal India – A Navaratna Company

Coal India Limited (CIL) is one of the worlds biggest coal mining companies and is headquartered in Kolkata, West Bengal, India It’s revenue was at Rs 45,797 Cr or U.S $10.3 billion approximately for the financial year 2008-09. It is under the administrative control of the Ministry of Coal. In October 2010 , Coal India’s … Continue reading “History of Coal India – A Navaratna Company”

Renewable Energy Technologies in India

By Venkat Raj Creating an environment conducive to promote renewable energy technologies is the need of the hour. Our country is blessed with plenty of renewable energy resources. Wind Energy, Solar Energy, Biomass, Geothermal Energy, Ocean Energy and the Energy from Wastes constitute the major alternative to the conventional sources. Though the Renewable Energy Scenario … Continue reading “Renewable Energy Technologies in India”

Mumbai NBFC Money Matters Financial Services raises Rs 445 Crore through QIP

Money Matters Financial Services Ltd. (MMFSL), a bombay headquarterd NBFC has raised about Rs 445 Cr (US$ 100 Millionn) at Rs 625.25 per share through Qualified Institutional Placement (QIP) to deploy in the asset financing business.  Global investment firms such as Morgan Stanley, Wellington, Fidelity have picked up a 20.4%  stake in the NBFC through … Continue reading “Mumbai NBFC Money Matters Financial Services raises Rs 445 Crore through QIP”

HDFC subsidiary – GRUH Finance reports net profit of Rs 32.37 Crore

The Board of Directors of GRUH Finance Ltd. (GRUH) – a subsidiary of HDFC Ltd. – has approved the accounts for the half year ended September 30, 2010 at their meeting held in Mumbai on October 14, 2010. Gruh Finance has reported a profit after tax for the year amounting to Rs. 32.37 crores as … Continue reading “HDFC subsidiary – GRUH Finance reports net profit of Rs 32.37 Crore”