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.