Incorporated in 2002, Allied Computers International (Asia) Ltd is in the business of assembling and marketing of laptop computers. ACi undertakes services and maintenance contracts for all brands of laptop computers.

ACi Asia Limited is entering the capital markets with an initial public offering, IPO of 50,00,000 Equity Shares through a Fixed Price Issue.

The price for the issue has been fixed at Rs 12/- for equity share of Rs 10/-. The issue opens on October 19, 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).

This is what they call “Jinxed”. First problem during IPO that they have to give option to the investors to withdraw their applications and now on the day of listing, the market fell like anything. Dhanus Technologies, a communication services company, has ended the day with 5.47% premium at Rs. 311.15 as against its offer price of Rs. 295 on the BSE. The share opened at Rs. 300.20 but did not sustain above issue price and slipped to touch a low of Rs. 251.6 on the back of negative sentiment in the markets (Sensex closed at 18715.82, down 336.04 points).

In the afternoon trade, the stock started trading above issue price as markets recovered more than 1200 points during the day. It touched a high of Rs. 350.

On the NSE, the share rose 3.83% to end at Rs. 306.30, with volumes of 43,70,615 shares. It has hit a high/low of Rs. 327.80 and Rs. 260, respectively. The turnover was at Rs. 134.10 crore.

The company had entered the capital market on September 10, 2007 with a public issue of 38,35,000 equity shares of Rs. 10 each. The issue was subscribed 14.47 times.

What really happened it just lost 398 points instead of 1743 points why this much recovery the document that was released by SEBI yesterday evening made FII’s top think that the P-Notes might be totally banned and today morning this was reflected in the opening market , It opened with a downward gap of 1,013.96 points at 18,037.90. When the trading was halted at 09:57 IST, Sensex was down 1,743.96 points or 9.15% to 17,307.90.Nifty provisionally ended down 134.15 points, or 2.37%, to 5,533.90. When the trading was halted at 09:57 IST, Nifty was down 524.15 points or 9.25% to 5,143.90.

In afternoon, Securities & Exchange Board of India (Sebi) Chairman, M Damodaran, clarified to television media that participatory notes (PN) are not being banned and there will be no bar on FII inflows. But it is important to differentiate between PN underlyings, he added. He said that 18 months for unwinding will be enough and during this time, serious investors can register themselves. PNs can be renewed post unwinding the equal amount. Sebi is looking at encouraging more FII registrations and therefore it may look at simpler FII registration norms. He also clarified that Sebi is not proposing a ban on offshore derivatives.

From rupya