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DP Abhushan shares list at 20% premium

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The shares of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, listed at a price of Rs 33.60 per equity share, a premium of 20%. The Company IPO, which opened for bidding on NSE Emerge Platform on October 9, 2017, subscribed over 40 times. The HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data available on NSE. Proceeds of IPO will be utilized towards working capital requirement and general corporate purpose. DP Abhushan SME public issue comprises of 59, 32,000Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs.
The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at Rs. 45371.02 Lakhs, Rs. 48822.43 Lakhs and Rs. 45989.44 Lakh…

Indian Economy to regain its course to grow at 7-8% in Samvat 2074, Says Share India

According to Share India Securities Ltd, a leading stock broker, Indian Economy is all set to regain its course to grow at 7-8% in Samvat 2074.
“Samvat 2073 has been a great year for Indian markets. Rarely has any single year been so eventful – beginning with demonetization – which forced nation into queues, elections in Uttar Pradesh – which strengthened political capital of Prime Minister NarendraModi, rollout of GST – a landmark tax reform and Nifty in 5 digits – keeping pace with record highs” said Mr Abhinav Gupta, Vice President, Share India Securities Ltd
However, what sets this year apart is rally in wider markets - Nifty Small Cap index rallied ~21.5% higher than returns generated by Nifty Midacap and Nifty 50; continuous domestic flows in face of FII’s selling – YTD average of Equity inflows of INR 225bn, led by channeling of financial savings post demonetization, improvement in macro fundamentals– lower twin deficit of fiscal and trade numbers.
We believe that best is yet to c…

DP Abhushan IPO subscribes over 39 times on final day

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The Public Issue of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, received a stellar response from the investor on the final day. The issue which opened for bidding on NSE Exchange Platform on Oct 9, 2017, subscribed over 39.86 times. The HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data available on NSE. The issue will close today. (11th Oct. 2017.) Proceeds of IPO will be utilized towards working capital requirement and general corporate purpose.

DP Abhushan SME public issue comprises of 59, 32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs.

The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.

For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at Rs. 45371.02 Lakh…

DP Abhushan public offer opens on NSE Emerge

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Price Fixed at Rs 28 per equity share
October 9, 2017:   The Public Issue of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, opened today for bidding on NSE Exchange Platform.  The SME public issue comprises of 59, 32,000Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs. The issue will close on 11th Oct. 2017. The net Offer for Sale for public would be 56,32,000 Equity Shares of ` 10/- each for cash at a price of ` 28/- per share aggregating to Rs 1576.96 lakhs and the balance 3,00,000 Equity Shares of ` 10/- each for cash at a price of ` 28/- per share aggregating ` 84.00 lakhs reserved for market makers. 28, 16,000 Equity Shares of ` 10/- each for cash at a price of ` 28/- per share (including a premium of ` 18/- per Equity Share) will be available for allocation for allotment to Retail Individual Investors of up to ` 2.00 Lacs. 28, 16,000 Equity Shares of `…

RKEC Projects share get listed on NSE, stock surges 20% on debut

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Spiritual leader Sri Sri Ravi Shankar graces the momentous occasion
Bangalore/Mumbai October 9, 2017: RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, Andhra Pradesh, became 89th SME Company to get listed on NSE Emerge on 9th October 2017. Guest of Honor, Spiritual leader Sri Sri Ravi Shankar ji graced the momentous occasion along with other dignitaries at the listing ceremony held at the Art of Living Yoga Centre in Bengaluru.
RKEC Projects stock made a strong debut listing at a 20% premium. The stock opened at Rs 54 and currently trading at the upper circuit.
RKEC Projects Ltd’s Rs 28.70 cr IPO comprising 63,80,000 equity shares of face value of Rs. 10 each  for cash at a price of Rs. 45 per equity share, received overwhelming response from investors. The issue which opened for bids at NSE SME Emerge platform on September 25, 2017, subscribed 18.23 times on the final day.  The HNI and RII portion subscribed 30.37 and 7.92 times, respectively, as per d…

Share India Securities -200th SME Company to get listed on BSE SME Platform

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Stock surge 20% on debut Mumbai, October 5, 2017: Share India Securities Ltd, engaged in business of equity broking, investing and trading activities, became two hundredth SME Company to get listed on BSE SME Platform on 5th October 2017. Hon'ble Chief Minister of Maharashtra “Shri Devendra Fadnavis” graced the momentous occasion along with other dignitaries.

Share India Securities Ltd stock made a strong debut and surged 20 percent on listing.  Stock opened at Rs 44.75 and closed at Rs 49.20 a share.
Share India Securities’ Rs 26.37 cr IPO comprised 64,32,000 Equity Shares of face value of Rs. 10 each at price of Rs. 41 was  subscribed 3.87 times, as per data available on BSE SME Exchange on the issue closing day (26th September 2017).
The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
For the Fiscal year ended on March 31, 2017and March 31, 2016, total revenue for Share India stood at R…