Sanghvi Forging IPO closes for subscription on 9 May 2011
Sanghvi Forging & Engineering is entering the capital markets with an initial public offering (IPO) of Rs36.90 crore. The price band for the issue has been fixed at Rs80 at lower level and Rs85 at upper level. The issue opens on 4 May 2011 and closes for subscription on 9 May 2011.
Sanghvi Forging & Engineering is engaged in the business of manufacture and marketing of stainless steel forged and machined subtends, forged flanges, forged fittings and CNC machined forged parts & automobile components in India. The company has its own forge shop, die shop, heat treatment shop, CNC based machine shop.
SBI Mutual Fund new issue closes on 4th May
SBI Mutual Fund has launched SBI Debt Fund Series-90 Days-43, a close-ended income scheme.
The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme. The tenor of the scheme is 90 days.
The new issue closes on 4th May. The minimum investment amount is Rs5,000.
CRISIL Liquid Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.
DSP BlackRock Mutual Fund new issue closes on 5th May
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 19, a close-ended income scheme.
The investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The scheme may also use fixed income derivatives for hedging and portfolio balancing. The tenor of the scheme is 12 months.
The new issue closes on 5th May. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Dhawal Dalal is the fund manager.