IPOs in the market

Allsec Technologies
Opened on: April 13
Closes on: April 20
Price Band: Rs 135-162 per equity share of face value Rs 10
Minimum Application for shares Book built portion :40
Minimum Application for shares Fixed price portion :40

HIGHLIGHTS: Public issue of 31.41 lakh equity shares of Rs 10 each at a price given in the band above. The issue would constitute 26.25 per cent of the fully diluted post issue paid-up capital of the company. The company wants to achieve benefits of listing and raise capital.

Promoted by: A Saravanan, R Jagadish

Mangalam Drugs and Organics
Opens on: 19 April 2005
Closes on: 26 April 2005
Minimum Application for shares: 100
Further multiples of: 100
Issue price: Rs 22
HIGHLIGHTS: Public issue of 65 lakh equity shares of Rs 10 each for cash at a price of Rs 22 each including a premium of Rs 12 per share aggregating to Rs 14.30 crore. The issue price is 2.2 times of the face value.
Promoted by: Ashok R Boob, Krishna R Boob