Sejal Architectural Glass IPO will hit the capital markets on June 9th, 2008, with an public offering of over 91 lakh equity shares of Rs 10 each with the price band fixed between Rs 105 and Rs 115 per equity share.

Sejal Glass IPO proceeds will be used for setting up of a new manufacturing facility for the production of float glass with a capacity of 2,00,750 MT per annum in Gujarat.

Sejal Glass IPO has been graded by CRISIL and the public issue has received CRISIL IPO Grade 1/5 which indicates very poor fundamentals compared to other IPO’s.

Sejal Architectural Glass IPO Subscription closes on June 12th, 2008. Sejal Glass IPO shares are proposed to be listed on National Stock Exchange of India and Bombay Stock Exchange.

Saffron Capital Advisors Private Limited is the sole book running lead manager to Sejal Architectural Glass IPO.

Soaring crude prices proved to be Wall Street’s major undoing. The US markets tumbled, sparking the Dow Jones Industrial Average’s worst sell-off in 15 months, after a jump in the unemployment rate and rise in crude heightened concern the economy will sink into a recession.

US stocks more than wiped out weekly gains, with the Dow chalking up the eight-largest point drop in the index’s history.

Nymex Crude Futures has closed at USD 138.54 a barrel, a jump of USD 10.75 per barrel, which was the biggest gain in a day in the Nymex history, after hitting a high of USD 139.12 a barrel during the day. Oil risen after Morgan Stanley forecasted that crude may hit USD 150 a barrel in the beginning of July.

Labour department of US has announced employment data, May jobless rate went up 5.5% from 5% in April, which was biggest jump in 22 years, i.e. since 1986. May payrolls reduced by 49,000, which was fifth straight month of job cuts.

The Dow Jones Industrial Average plunged 394.64 points, or 3.13%, to 12,209.81. The Standard & Poor’s 500 index fell 43.37 points, or 3.09%, to 1,360.68, and the Nasdaq composite index slipped 75.38 points, or 2.96%, to 2,474.56.

A look at how the Indian ADRs performed:

Source: Money Control

First Winner Industries IPO is ready to hit the capital markets on 9th June of 2008 with an public offering of over 55 lakh equity shares of Rs. 10 each to be issued at a price band of Rs. 120 to Rs 130 per share.

First Winner Industries Ltd. started its operations with the objective to supply the textile fabrics to wholesalers and apparel & garment manufacturers. Initially, it started trading in the textile fabrics and with a view to have its own manufacturing facilities, it has set up its own weaving unit during 2006-07 by installing 100 looms.

First Winner Industries IPO proceeds are proposed to be used for expanding the company’s business activities and to set up new manufacturing facility.

First Winner Industries IPO will close for subscription on June 12th, 2008. Post issue First Winner Industries IPO shares are proposed to be listed on Bombay Stock Exchange Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

Almondz Global Securities Limited is the Book Running Lead Manager to First Winner Industries IPO.

For more updates and information on First Winner Industries IPO Subscription and Allotment details do check back later.

DP Service Centres       7,350

Demat Custody           46,02,244

Value               (US$ 1,081 billion)