Engineers India FPO opens on bourses; shares up 2%

THE ECONOMIC TIMES Fri, Feb 07, 2014 | 10:03 AM IST IPO Newsletter

Engineers India FPO opens on bourses; shares up 2% Engineers India FPO opens on bourses; shares up 2% The follow-on-public offer (FPO) for 10 per cent stake sale in Engineers India (EIL), which is expected to garner Rs 500 crore to the exchequer. Why investors should subscribe to EIL OFS Why investors should subscribe to EIL OFS For the year 2014 so far, the stock of Engineers India has plunged a little over 10%, thus making valuation a little more compelling. SKS Microfin to raise Rs 400 cr through QIP SKS Microfin to raise Rs 400 cr through QIP SKS Microfinance Limited is planning to raise Rs 400 crore through QIP route in the next fiscal by diluting a maximum of 20 per cent stake. Engineers India FPO to hit market on Feb 6 Engineers India FPO to hit market on Feb 6 The government will sell 10 per cent stake in Engineers India Ltd (EIL) through FPO route, that is expected to fetch Rs 500 crore. 'IPO grades no factor in investors' decision making' 'IPO grades no factor in investors' decision making' A large number of investors are not influenced by grades provided for IPOs, which led Sebi to do away with mandatory grading norms for initial public offerings.

Company Name Issue Size Status Date of Relevance Volume   Engineers India Ltd. 1742667150.00 Open 06/02/2014 to 10/02/2014 145-150 Power Grid Corporation of India Ltd. 24697679220.00 Close 03/12/2013 to 06/12/2013 90.00

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