I shall be on vacation for next two weeks. Though will try to post whenever I get some internet connection however most of the time, will be at my village where we do not have internet connection.

Sorry for the inconvenience.

Happy Deepawali. Wishing that Lakshmi brings lot of prosperity to all of you.

Cheers..Prakashak

Against issue price of Rs. 370, Maytas Infra Limited got listed today with an opening price of Rs. 515.75 (premium of 40%). It reach a high of 515 before closing at 613.35 (premium of 66%). Good luck to everyone.

Incorporated in 1984, Empee Distilleries Limited is in the business of manufacturing Alcoholic Beverages. Empee Distilleries manufacture Indian Made Foreign Liquor (IMFL) and their distillery units are located in Tamil Nadu and Kerala. Company manufactures IMFL under its own brands as well as for other companies.

Empee Distilleries is entering the capital markets with an initial public offering, IPO of 48,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
 
The price band for the issue has been fixed at Rs. 350/- at lower level and Rs. 400/- at upper level for equity share of Rs. 10/-. The issue opens on Nov 01, 2007, and closes for subscription on Nov 06, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Incorporated in 1999, Barak Valley Cements Limited (BVCL) is in the business of manufacturing cement under the brand name “Valley Strong Cement”. BVCL does most of the business in North Eastern region of India. BVCL’s products include Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC) with current capacity of 460 TPD cement manufacturing. BVCL plant is located at Joom Basti, Devendranagar, Badarpurghat, District Karimganj, Assam.

Barak Valley Cements is entering the capital markets with an initial public offering, IPO of 56,60,000  Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
 
Other details:

Religare is entering the capital markets with an initial public offering, IPO of 75,76,102 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 160/- at lower level and Rs. 185/- at upper level for equity share of Rs. 10/-. The issue opens on Oct 29, 2007, and closes for subscription on Nov 01, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company.

Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. It offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services. Religare’s retail network spreads across more than 900 locations across more than 300 cities and towns in India.