3i Infotech gets listed on BSE at Rs 103

22nd April 2005: 3i Infotech, the software services firm of financial services ICICI group, listed on the Bombay Stock Exchange today at Rs 103, compared with its offer price of Rs 100. The firm's initial public offer (IPO) of up to 23 million shares, including a greenshoe option of 3 million shares, represented 42.6% of its post-issue capital. The IPO had raised Rs 230 crore ($52.6 million). The company, formerly known as ICICI Infotech, provides software services and products mainly to the banking, financial services and insurance sectors. Parent ICICI Bank and its subsidiaries account for 27% of 3i's revenue, down from 100% in 2000.

Srei International gets listed on LSE

21st April 2005: Srei International Finance Ltd said today that it has raised $35 million through issue of Global Depository Receipts which got listed on London Stock Exchange. The company raised $35 million, equivalent to Rs 15.30 crore, through the issue of 8.65 million GDRs, for which the issue closed on April 18, Srei informed the BSE. The company has got listed on the London Stock Exchange on Thursday, it said. The issue was priced at $4.05 each GDR representing 4 underlying equity shares of the company, the face value being Rs 10 each.

The proceeds from the offering will be used primarily for funding future growth by strengthening the capital base of the company and thereby increasing its capacity to leverage itself, it added. "This listing is indeed a giant leap forward for the company. With this, it has joined the big league of Indian corporates who have got themselves listed on international stock exchanges," Hemant Kanoria, Vice-Chairman and Managing Director, Srei International, said.

Jaiprakash Hydro got listed on NSE at Rs 35

18th April 2005: The scrip of Jaiprakash Hydro Power got listed on the National Stock Exchange on Monday and opened at Rs 35.50, at premium to the issue price of Rs 32. The stock was ruling at Rs 32.50 per share. The 100 per cent book-built issue opened for bidding on March 22 and closed on March 29. ICICI Securities Ltd and UTI Bank were among the lead book running managers for the issue.