Business, Finance and Indian Stocks

JHS Svendgaard Laboratories Ltd, manufacturer of dental and oral healthcare products,came out with its initial public offering of 67 lakh equity shares of Rs 10 each at a price band of Rs 49 to Rs 58 per share in October 2006, just two months ago. Close to 50 % of its stock was issued at Rs.58. The promoters themselves subscribed to 5,00,000 shares out of a total issue of 67,00,000 shares in the issue.