Allotment status for Dhanus Technologies is out. You can check the same at http://www.cameoindia.com/ipo.htm

Incorporated in 1993, Rathi Bars Limited (RBL) is a steel company involve in manufacturing TOR Steel under the brand name RATHI TOR. These steel bars are commonly used in the construction of multi-storied buildings, dams, bridges, flyovers, and power plants as a basic reinforcement material.

RBL is entering the capital markets with an initial public offering, IPO of 71,42,857 Equity Shares through a Fixed Price Issue.

The price for the issue has been fixed at Rs 35/- for equity share of Rs 10/-. The issue opens on October 18, 2007, and closes for subscription on October 23, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Dhanus Technologies, a rapidly growing telecom service provider company, has fixed the issue price at Rs 295 per equity share of Rs 10 each.

The company had entered the capital market with IPO (Iniital Public Offer) which was 100% Book Built Issue and issue price was Rs. 280/- to Rs. 295/- Per Equity Share.

Subsequent to the successful closure of IPO, on directions from SEBI, the company came out with a public notice along with individual intimations to all applicants giving the bidders an option to withdraw their bids if they so desired. At the end of this option, the issue still remains comfortably subscribed by 14.47 times (QIB 13.96, HNI 24.06, Retail 14.77 & Employees 1.03 times).

Now the company has fixed issue price at higher end of the issue priced. So much for the faithfuls.

The equity shares are proposed to be listed on both BSE and NSE.

The Central Board of Investigation has filed a chargesheet against 22 persons/entities involved in the IPO scam. The chargesheet relates to two criminal cases registered on a complaint from the Securities and Exchange Board of India in February 2006.

A statement issued by the CBI said that thousands of applications in the name of fictitious persons were submitted to corner shares received in the retail individual investors (RII) category. Many photographs were downloaded from Web sites and pasted on application forms under different names with a common postal address. The CBI has filed chargesheet against some bank officials, who had deliberately flouted the “know your customer” (KYC) norms to open thousands of fictitious bank accounts and also sanction loans to such fictitious applicants.

Source: Hindu Businessline

Consolidated Construction Consortium (CCCL), a provider of integrated turn-key construction services, will list on the bourses with its public issue shares on Monday, October 15, 2007.

The experts are predicating that Consolidated Construction Consortium is likely to list at Rs 600 to 700 per share on Monday against issue price of Rs 510 per share.

Koutons Retail India opened at Rs 515 and touched a high of Rs 649 in the morning trade on the BSE. It witnessed some profit booking around Rs 600 levels but did not slip below Rs 575. Market was trading in red during the day but that has not much impacted on the stock. This is against issue price of Rs. 415-

The stock rose 40.72% to end at Rs 584, with volumes of 81,49,741 shares. it has hit a high/low of Rs 620 and Rs 502.50. The turnover was Rs 483 crore on the NSE.

On the BSE, it opened at Rs 510.05. The share closed at Rs 590.45, with volumes of 41,67,052 shares.