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Daily News & Analysis
Thursday, January 17, 2008
VSE to come out with public issue in mid-08
It may be priced at a premium of Rs200 per share
Maulik Buch. Vadodara
The Vadodara Stock Exchange (VSE) is planning to come out with an initial public offering (IPO) in the middle of 2008 at a significant premium of about Rs200 per share. "We are planning to come out with an IPO of VSE in a few months," said VSE president Sudhir Shah.He expressed confidence that the IPO would get the green signal from the Securities and Exchange Board of India (Sebi).The exchange, however, is still to decide on how much capital it plans to raise through the IPO."The IPO might be introduced with a premium around Rs200. It will take around five months to complete the whole procedure for the issue," Shah said.Shah further said the exchange planned to expand its base from Vadodara to Central Gujarat and was in the process of reaching Surat within a month.VSE was established in 1990. It was the third such exchange after Ahmedabad and Rajkot in Gujarat. VSE is also planning to introduce the F&O segment apart from expanding the depositary services. The segment will give preference to SME sector. Currently the depository services are offered to 58,000 investors.
Daily News & Analysis
Thursday, January 17, 2008
VSE to come out with public issue in mid-08
It may be priced at a premium of Rs200 per share
Maulik Buch. Vadodara
The Vadodara Stock Exchange (VSE) is planning to come out with an initial public offering (IPO) in the middle of 2008 at a significant premium of about Rs200 per share. "We are planning to come out with an IPO of VSE in a few months," said VSE president Sudhir Shah.He expressed confidence that the IPO would get the green signal from the Securities and Exchange Board of India (Sebi).The exchange, however, is still to decide on how much capital it plans to raise through the IPO."The IPO might be introduced with a premium around Rs200. It will take around five months to complete the whole procedure for the issue," Shah said.Shah further said the exchange planned to expand its base from Vadodara to Central Gujarat and was in the process of reaching Surat within a month.VSE was established in 1990. It was the third such exchange after Ahmedabad and Rajkot in Gujarat. VSE is also planning to introduce the F&O segment apart from expanding the depositary services. The segment will give preference to SME sector. Currently the depository services are offered to 58,000 investors.
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