ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Flood of Capital Issues

and auto vinyl super slim wire for which the company has negotiated for techno- logy with Sumitomo Wiring Systems. The company has been supplying IWH to original equipment manufacturers, such as, Maruti, Hero Honda, Kinetic Honda, Bajaj Auto, Mahindra and Mahindra, Escorts and Shriram Honda, in the automotive industry, and Subros and Intron, in the electronics industry. The expansion plan has been appraised by ICICI to cost Rs 20.50 crore. It is to be financed with an equity issue of Rs 11.15 crore, and institutional term loans of Rs 7.20 crore, besides lease finance by the IFCI of Rs 5.45 crore. The promoters are contributing Rs 2.40 crore to the share capital issue, the foreign collaborators Rs 1.21 crore and the institutions Rs 1.35 crore. The company is issuing 33 lakh equity shares of Rs 10 each at Rs 15 premium and offering out of this 11.60 lakh shares COMPANIES FEBRUARY this year has seen a flood of capital issues in the primary market. As estimated by Prime Database of Prithvi Haldia in New Delhi, the number of capital issues in February totalled 84 and the amount of capital issued by the companies aggregated Rs 650 crore, both all- time records. Prime Database has compiled the following figures to show that in both number and amount capital issues during February this year have hit a new high:

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top