Monday, August 25, 2008

SVPCL to refund IPO application money

SVPCL 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.

SC has rejected SVPCL petition that challenges BSE turning down its IPO. SVPCL will refund application money to investors.

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