SRS, a diversified company having businesses like cinema exhibition, food and beverages, retail and manufacturing and jewellery retail, has opened its Rs 3.5 crore shares IPO for subscription, diluting 25.13% stake. Experts as well as brokerage houses feel that the issue is overvalued.
Brooks Laboratories, a pharmaceutical contract research and manufacturing services company, planned to raise Rs 63 crore through the initial public offering that is opened for subscription during August 16-18, 2011.
Educational services provider Tree House Education and Accessories has opened its initial public offering of 84.32 lakh shares for subscription today. A price band for the issue has fixed at Rs 135-153 a share. Company is going to offer a discount of Rs 6 to retail investors.
Mumbai based broking firm Inventure Growth and Securities will be listing its equity shares on the exchanges on Thursday, August 4. The company had managed to get good subscription and the issue price is set at the higher end of price band of Rs 100-117 a share.