Power Mech

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  Samvat 2073: Top 10 Diwali Picks From Nirmal Bang Securities

  The broader markets have outperformed the benchmark indices in Samvat 2072 with BSE mid-cap index soaring 24 per cent and the small-cap index rallying 20 per cent.

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  Power Mech Bags Rs 60 Crore Order from Lanco Infratech

  Power Mech Projects Ltd has bagged two orders worth about Rs 60 crore from Lanco Infratech to complete expansion works at its Ennore power plant.

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  Market Turbulence Rattles Small IPOs as Bigger Deals Loom

  Shares hit their lowest level in about a year last week, hit by global turbulence sparked by steep market drops in China. Foreign investors - crucial in larger offerings - sold a record amount of shares in August, offloading even more than during the financial crisis.

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  Power Mech Projects Makes Weak Debut, Falls 9% on Listing

  Out of the IPO proceeds, Power Mech Projects plans to use Rs 105 crore for funding its working capital requirements and pay back some of the working capital loans. The remaining Rs 30 crore will be used for general corporate purposes, the company said in a prospectus filed with Sebi.

• Prabhat Dairy's Rs 300-Cr IPO to Open on August 28

  The company plans to garner up to Rs 300 crore by issuing fresh equity shares and offer for sale of up to 1.47 crore equity scrips, as per the draft paper.

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  Power Mech IPO Sails Through; Over-Subscribed 19.23 Times

  Power Mech is engaged in three business verticals, including erection, testing and commissioning of boilers, turbines and generators and balance of plant (BOP) for power sector, operation and maintenance and civil works which include construction jobs for the main plant and BOP requirements.

• Power Mech IPO Subscribed 45% on Second Day

  So far in 2015, nine firms have mobilised nearly Rs 4,400 crore through IPOs, higher than funds raised in the preceding two years.

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  Sensex Ends 300 Points Off Day's High, Nifty Settles Below 8,550

  Rate hike in US would mean that the funds may move out of emerging market equities into the US bonds which will offer a higher interest rate post the rate hike.

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  Power Mech IPO Subscribed 7% on First Day

  The IPO received bids for 1.96 lakh shares against the total issue size of 29.88 lakh shares, according to data available with the NSE till 1700 hours.

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  Power Mech Raises Rs 82 Crore From Anchor Investors

  The company's initial public offering (IPO) opened for subscription on Friday and would close on August 11, 2015.

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  Power Mech Projects IPO Opens: Read This Before Investing

  Power Mech has emerged as an integrated power infrastructure services player at pan-India level, says Angel Broking. The company is in the business of providing erection, testing and commissioning of boilers, turbine and generators and balance of plant works. Recently, it has also built capabilities in civil works and power plants' operation and ma...

• Dilip Buildcon, Navkar, 2 Other IPOs to Hit Markets This Month: Report

  To tap a strong investor sentiment, four companies including Dilip Buildcon and Navkar Corp plan to hit the capital markets this month, to raise an estimated over Rs 1,800 crore through initial public offers (IPOs).

• Power Mech Projects to Raise Rs 270 Cr via IPO

  Power Mech Projects plans to raise nearly Rs 270 crore through initial public offering (IPO) to meet its working capital requirements and expand presence globally.

• Power Mech Projects IPO Gets Sebi Nod: Report

  Power Mech Projects Ltd has received approval of the Securities and Exchange Board of India (Sebi) to raise funds through initial public offering (IPO).

• Power Mech Projects Files Draft Prospectus for IPO

  The Draft Red Herring Prospectus is for issuance of 4,269,000 equity shares of face value Rs 10 each.