pipavav ipo subscription demand

The initial public offer (IPO) of the private sector ship builder, Pipavav Shipyard, was subscribed 7.57 times at 15:00 IST on last day of issue today, 18 September 2009. The company has already allotted 1.52 crore shares to anchor investors at the top-end of the Rs 55-Rs 60 price band.

 * Elder Pharmaceuticals (ELDP.BO) rose as much as 4.94 percent at 338.85 rupees after the Financial Express newspaper reported that the firm is in talks with U.S.-based private equity firm, TA Associates, to dilute a minority stake as part of its fund raising plans. Shares later eased to be up 2.2 percent at 330 rupees.

* Oil firms rose more than 2 percent in early trade after the government issued 103.06 billion rupees of bonds to the companies as partial compensation for selling fuel at state-set prices.
Shares of Indian Oil Corp (IOC.BO) were up 1.58 percent at 656 rupees, Hindustan Petroleum Corp (HPCL.BO) up 1.55 percent to 410 rupees and Bharat Petroleum Corp (BPCL.BO) at 580 rupees, up 1.73 percent.

* Engines maker Cummins India (CUMM.BO) fell as much as 4.2 percent to 352.05 rupees after it said workers at its Pune production facility went on strike from Sept. 15 demanding re-opening of a six-month-old wage agreement.
Shares later recovered to 360 rupees, down 2.04 percent.

 

11:39 IST top traded counters on BSE include ispat industries, ifci and nhpc
11:37 IST NSEI block deal: gail (india) 166203 shares at 353.80 inr
11:35 IST top SENSEX losers - hdfc down over 1 pct, wipro slips 0.8 pct
11:29 IST shares in reliance industries up 0.06 pct to 2181 rupees
11:26 IST civil aviation min says to approach cabinet shortly for equity infusion into air india
11:23 IST top SENSEX gainers - tata steel up 5.4 pct, sterlite industries gains 3.1 pct, m&m up 1.9 pct
11:23 IST NSEI block deal: reliance communication 300007 shares at 305.50 inr
11:15 IST BSE block deal: ultratech cement 331897 shares at 740.00 inr
11:13 IST spot gold rises above $1,011.55/oz, highest since march 2008
11:07 IST top mid-cap index gainers - orchid chem up 9.9 pct, lic housing finance gains 6.3 pct
10:58 IST nifty index up 34 points to 4,925 led by gains in tata steel, icici and sbi
10:56 IST NSEI block deal: reliance communication 500150 shares at 305.30 inr
10:55 IST top traded stocks on BSE include ispat indus, ifci, spicejet and nhpc
10:48 IST banking index up 1.15 pct; shares in pnb gain 3.4 pct, sbi up 1.3 pct, icici gains 1.1 pct
10:43 IST shares in tata steel gain 4.5 pct to 513 rupees, top SENSEX gainer
10:33 IST orchid chem says drug gets 180-day exclusivity from us fda
10:33 IST oil firms rise around 1 pct in early trade after the govt issued 103.06 billion rupees of bonds to the companies
10:32 IST orchid chem says gets us nod for piperacillin tazobactam injection
10:30 IST godrej group expects property to make up 30 pct of group profit in 2-3 yrs, vs 10 pct now - group chairman
10:30 IST godrej consumer considers qip, debt to fund acquisitions - group chairman
10:25 IST godrej consumer products eyes acquisitions in china, s.africa, brazil - group chairman
10:23 IST NSEI block deal: jaiprakash associates 1604116 shares at 241.95 inr
10:22 IST realty index up 1.5 pct; shares in unitech up nearly 2 pct, dlf gains 1.3 pct, indiabulls real estate rises 1 pct
10:18 IST lic housing finance prices qip sale at 658 rupees, vs range of 650-660 - source
10:14 IST top gainers in metal index - tata steel up 3.5 pct, jindal steel gains 3 pct
10:09 IST BSE metal index up over 2 pct, realty index gains 1.5 pct, bankex up 1.1 pct
09:58 IST gains in icici, reliance indus, infosys help SENSEX gain 175 points to 16,627
09:57 IST NSEI block deal: jaiprakash associates 500955 shares at 241.85 inr
09:56 IST top SENSEX gainers - sterlite industries, dlf, reliance comm up over 2 pct each
09:55 IST BSE SENSEX opens up 0.3 pct, extends rise to 1 pct

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