Shankara Pipes IPO will enter the equity markets with an public issue of 6.11 million equity shares of Rs 10 each with the premium to be decided later through the book building process. The company has recently filed DRHP with the SEBI and is awaiting approval. Shankara Pipes is a Bangalore based Steel Tubes and Pipes Distributor with India wide presence. Shankara Pipes IPO will dilute around 30 per cent paid up capital of the company after the issue and the company plans to list the Shankara Pipes IPO on the BSE and NSE. BRLM to Shankara Pipes IPO is Keynote Corporate Services Limited. More information and updates regarding the Shankara Pipes IPO will be done soon. Do visit us regularly for updates on Shankara Pipes IPO Subscription and the Shankara Pipes IPO Allotment news. Pride Hotels IPO is planned in the first quarter of 2008. Pride Hotels is five-star business hotel chain headquartered in Mumbai with expansion plans of around Rs 3.5 billion. For its expansion plans the hotel chain has received Rs. 450 million as part investment from Kotak Real Estate and further Rs 100 million from Mauritius based fund company. Pride Hotels has currently 430 rooms in Pune, Madras, Nagpur and has expansion plans to raise the number of rooms to 1126 by the year 2010. The company also plans to build a 200 room hotel in Mumbai near the International Airport and other new hotels in Bangalore and Goa. Funds raised from the Pride Hotels IPO will help the company to expand the presence to major parts of India. More updates regarding the Pride Hotels IPO will be updated here soon. Do visit us regularly for more updates on the Pride Hotels IPO Subscription and the Pride Hotels IPO Reviews.
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