Precision Camshafts acquired the company through its wholly-owned subsidiary PCL (International) Holding BV.
With the government pushing for electrification of vehicle, a host of ancillary stocks are in focus and buzzing. In an interview to CNBC-TV18, Yatin Shah, CMD & Promoter of Precision Camshafts spoke at length about the same and latest happenings in the company.
In an interview to CNBC-TV18, Yatin Shah, CMD & Promoter of Precision Camshafts spoke about the results and his outlook for the company.
Idea Cellular | Axis Bank | Kotak Mahindra Bank | Hindustan Unilever | McNally Bharat | Havells | BPCL | GPT Infra | Mangalam Drugs and GSK Pharma are stocks, which are in the news today.
HPCL | Fortis Healthcare | Gruh Finance | Dewan Housing | MCX | Coal India | Sical Logistics | Precision Camshafts | Network 18 | TV18 Broadcast | United Bank of India | Varun Beverages and DCB Bank are stocks, which are in the news today.
More than 70 percent of the newly-listed companies are trading well above their issue price, giving handsome returns of up to 98 percent.
Infosys | TCS | Laxmi Vilas Bank | Britannia | GTL | Tanla Solutions | Sagar Cements | Technofab Engineering | IG Petro | Shirpur Gold Refinery | Motherson Sumi | Aptech | Ashok Leyland | Bajaj Finance | GAIL | ONGC and Alstom T&D are stocks, which are in the news today.
More than half of the new entrants to the stock market so far this year are trading well above their issue price, giving investors returns of up to two times.
The bidding for shares in the IPO of Ujjivan Financial will remain open from April 28-May 2, 2016, according to a public announcement.
Out of the six companies that have launched their IPOs this year, four are still trading below the price at which they had issued shares to the investors, an analysis of the performance of these firms showed.
The IPO comprises fresh issue of shares worth Rs 80 crore and an offer-for sale of up to 6,445,224 equity scrips by the existing shareholders including IDFC Private Equity, as per the Draft Red Herring Prospectus (DRHP) filed with Sebi.
HCG was the fourth company after Precision Camshafts, TeamLease Services and Quick Heal Technologies to come out with an IPO this year.
The Rs 450-crore IPO received bids for 1,37,70,850 shares against the total issue size of 1,25,00,000 shares, data available with the NSE till 1600 hours showed.
The initial public offering (IPO) received bids for 1,04,09,100 shares against the total issue size of 1,75,00,000 shares, data available with the NSE till 1700 hours showed.
Infibeam Incorporation Ltd, the first e-commerce firm to tap the IPO route, saw its Rs 450-crore issue getting subscribed 21 per cent on the opening day today.
The Rs 650-crore issue received bids for 2,03,79,385 shares as against the total issue size of 1,63,90,000, data available with NSE till 1430 hrs showed.
The qualified institutional buyers' portion was subscribed 75 per cent, while retail investors segment saw 31 per cent subscription.
The Maharashtra-based specialty wire ropes manufacturer has fixed the price band at Rs 40-45 for the IPO.
The Rs 650-crore issue received bids for 34,19,715 shares against the total issue size of 1,63,90,000 shares, data available with the NSE till 1700 hrs showed.
The initial public offer (IPO) will conclude on March 23, as per the latest update available with capital markets regulator Securities and Exchange Board of India (Sebi).
After opening at Rs 165, it fell as much as 17 percent in early trade to hit an intraday low of Rs 154.50 but then it managed to recoup some of its losses during the day to touch day's high of Rs 185.
Precision Camshafts listed at Rs 165 on the National Stock Exchange, down 11 percent against issue price of Rs 186 per share.
The market breadth was positive as about 1083 shares advanced against 730 declining shares on the BSE. Precision Camshafts listed at Rs 165 on the National Stock Exchange, down 11 percent in opening trade.
The company's share sale programme was the first initial public offering of 2016.
The initial public offer (IPO) of TeamLease generated a demand worth about Rs 27,918 crore, as it received bids for 19,09,15,620 shares against the total issue size of 28,92,063, data available with the NSE till 1900 hrs showed.