Allahabad Bank got listed on the NSE and BSE today. It fell as much as 8% below its issue price of Rs 10 (day's low), soon after listing at a premium (Rs.12.7) on the Bombay Stock Exchange. The stock recovered at close. Nov. 29, 02

Canara Bank has priced its initial public offering at Rs 35 per share, which is at a price earnings multiple (P/E multiple) of 2.73 (based on FY01-02 earnings) against the average industry P/E multiple of 3.6. The offer price is at a premium of Rs 25 per share (Rs 10 face value). The bank hopes to garner Rs 385 crore from the 11 crore equity shares on offer. The issue opens for subscription on November 18 and closes on November 27, with ICICI Securities, SBI Capital Markets, Kotak Mahindra Capital, JM Morgan Stanley and DSP Merrill Lynch as lead managers to the issue. Nov. 11, 02

State-run Central Bank of India has plans to come out with an initial public offer (IPO) of equity shares within six months. The bank is in the process of obtaining approvals from regulatory authorities for the IPO. It will also raise tier I and tier II capital, but the amount is yet to be decided. Sep. 18, 02

STAR plans to go public by the end of this year to raise funds for expansion and to being Direct- to- Home (DTH) operations in the country. It has also started consultations with merchant bankers on the possible size and time of the initial public offer (IPO). The company considers that an increase in the viewership rate through its popular programmes will help raise funds at an attractive premium by selling about 10 per cent of its equity. Sony Entertainment Television (SET), STAR`s rival, is also planning an IPO to raise money to pay for telecast rights for the cricket world cup in `03 and `07. Jul. 04, 02

i-flex Solutions initial public offering (IPO) of 39.62 lakh equity shares has been oversubscribed 1.24 times. JM Morgan Stanley, the lead book runners to the issue, received bids for 43.33 lakh shares. About 68,890 shares received bid price at Rs 600 levels, 3.86 lakh shares bid price of Rs 550, 7.76 lakh shares Rs 540, and 36.37 lakh shares Rs 530 (also the floor price). The average bid price works out to Rs 534 per share. The company aims to mobilise a minimum of Rs 220 crore for its expansion plans. The issue proceeds will be utilised to enhance delivery infrastructure by setting up development centres at Bangalore and Mumbai at a cost of Rs 170.62 crore. About Rs 50 crore will be utilised to increase its global marketing presence. Jun. 11, 02