Indian IPO Updates: "Global Vectra Helicorp, one of the largest dedicated offshore transportation services helicopter company, closed for subscription.
The issue has been subscribed 3.50 times, as per NSE website.
The total bids received for the issue were 1,22,47,980 against its total issue size of 35 lakh shares.
The company entered in the capital market with its initial public offer, IPO of 35,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the book-building process.
The price band for the issue was between Rs 175 and Rs 200 per equity share of Rs 10 each.
The shares will be listed on the Bombay Stock exchange and National Stock Exchange. The book running lead manager to the issue is SBI Capital Markets.
Global Vectra Helicorp, GVHL presently has 14 Bell 412 helicopters each having 13 passenger seats and two pilot seats. GVHL is part of the Vectra Group, which has 18 companies in six countries, primarily in India and Eastern Europe.
For fiscal 2006, the company achieved gross revenue of Rs 898.38 million as compared to Rs 524.20 million in fiscal 2005, an increase of 71.38% year on year. The net profit for fiscal 2006 was Rs 78.01 million as compared to a net loss of Rs 4.31 million in fiscal 2005.
GVHL‘s biggest client is the largest oil and gas company in the country. The other clients include Reliance Industries, British Gas Exploration and Production, Transocean and Gujarat State Petroleum Corporation.
posted by rtotla at 10:55 AM 0 comments
Usher Agro closes with premium of 8%
Usher Agro, an agri-processing company, closed with 8% premium over its offer price of Rs 15 per share on listing day.
The share ended at Rs 16.20, with volumes of 93,85,025 shares. It touched an intraday high of Rs 19.35 and an in"
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