SC has rejected SVPCL petition that challenges BSE turning down its IPO. SVPCL will refund application money to investors, reports CNBC-TV18.
The company had entered capital market with a public issue of Rs 34.50 crore through a 100 per cent book-building process between October 22-26, 2007. The price band was at Rs 40-45 per equity share. Its issue just subscribed 1.09 times, as per NSE website data.
BOB Capital Markets Ltd was the book running lead manager for the issue and UTI Securities Ltd is the co-BRLM.
Source: Moneycontrol.com
Thursday, August 21, 2008
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