Melstar IPO mops up over Rs 1,247 cr
Melstar Information Technologies has collected over Rs 1,247 crore through its public issue. The Rs 16.27-crore IPO along with an offer for sale of Rs 6.4 crore has been oversubscribed by 55 times, according to merchant banking sources.

Nasdaq's romp stokes initial offering market
The record highs on the Nasdaq coupled with a month-long drought of new issues should light a fire under initial public offerings this week, though doubts over lofty tech valuations could damp the fervor.

Balanced funds, contrasting styles
Two balanced funds from Prudential ICICI MF and Birla MF, which came at about the same time last year, offer interesting insights into their performance over the last two months and also lessons for investors on risk-return correlation.


  Amfi moots retirement scheme
  Corporation Bank -- Higher volumes, better show
  Shree Rama Multi-Tech's book-building portion of IPO oversubscribed 46 times
  Sebi refers vanished firm cases to states
  Moderate rise in Skindia GDR index
  Sebi meet to consider Net trading


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