Simplex Projets rises 75 pc on debut

Friday, August 3, 2007, 20:35 [IST]

New Delhi, Aug 3 (UNI) Construction firm Simplex Projects Ltd got listed this morning at Rs 323.75 on BSE and NSE, 75 per cent higher than its initial public offer price of Rs 185 share.

The volume of trade on BSE and NSE on the very first day totalled over 16 million equity shares.

The IPO of Simplex Projects received an overwhelming response from investors and was subscribed 82.78 times at the close of the issue on July 13. The company has received total bids for 24.83 crore equity shares against the public issue of 30,00,000 equity shares of Rs 10 each in the price band of Rs 170 to Rs 185 per equity share.

The company plans to use the proceeds for long-term working capital and to acquire plant and machinery.

UNI

Other articles published on August 3, 2007

Nominations open for Dhumakot Assemby byelection

Friday, August 3, 2007,20:35 [IST]

Dehradun, Aug 3 (UNI) Filing of nominations for Dhumakot Assembly byelection in Uttarakhand opened today with the returning officer issuing the notification. However, no nominations were filed today. August 10 is the last date of filing nomination. While Chief Minister Maj Gen(Retd) Bhuvan Chandra Khanduri is the candidate of ruling BJP, Congress is yet to declare its candidate. Mr Khanduri, who is scheduled to file his nomination on August 7, must get elected to the Assembly.....

Kafeel's body taken for ascertainig cause of death

Friday, August 3, 2007,20:35 [IST]

London, Aug 3 (UNI) The body of a man believed to be Kafeel Ahmed, the suspected Glasgow bomber, who died at the Royal Glasgow Infirmary last night is now with the Procurator Fiscal. A spokesman for the Crown Office told UNI this afternoon that the body's "identity is still to be ascertained." "Where, as in this case, the Procurator Fiscal instructs a post mortem. Then, on being satisfied that the cause of death has been.....

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Congress to go alone in next elections in K'taka: Kharge

Friday, August 3, 2007,20:35 [IST]

Bangalore, Aug 3 (UNI) KPCC President Mallikarjuna Kharge today said that the Congress party would go alone in the next elections in the state and will not form another coalition government with the help of Janata Dal(S). Speaking to newspersons at the airport where he had come to see off Prime Minister Manmohan Singh, who was on a day's visit to the city, he said the party was confident of winning a clear mandate in the eventuality.....

Congress leaders hurt in police lathi-charge; 'Hartal' tomorrow

Friday, August 3, 2007,20:36 [IST]

Kochi, Aug 3 (UNI) Several Congress activists, including KPCC general secretary Ajay Tharayil and Leader of the Opposition in Kochi Corporation A B Sabu, were reported injured as police resorted to a lathi-charge to break up a protest road-block by Congress workers outside the DCC office here this evening. Protesting against the police action, KPCC President Ramesh Chennithala called for a dawn to dusk 'hartal' in Ernakulam district tomorrow. Addressing agitated Congress workers here, Mr Chennithala accused.....

Centre to consider hiking MDA ceiling for coir exports to Rs 15 cr.

Friday, August 3, 2007,20:36 [IST]

Kochi, Aug 3 (UNI) The Centre has agreed to consider the Coir Board's request to increase the ceiling of export turnover for Market Development Assistance (MDA) from Rs two crore to Rs 15 crore, the Coir Board said here today. The Board said Union Minister of State for Commerce Jairam Ramesh asked Coir Board Chairman A C Jose to forward a detailed proposal on the subject, detailing the eligibility ceiling of other commodities. Mr Ramesh, who visited.....