Tulsi Extrusions Limited Oversubscribed by 2.08 times

Tulsi Extrusions Limited Oversubscribed by 2.08 times on the closing day.Its becuase the Price Range is Rs 80 to Rs 85 , the IPo got good subscription from the retail side.Bid Details
Qualified Institutional Buyers (QIBs) 1.54062
Non Institutional Investors 3.10763
Retail Individual Investors (RIIs) 2.45974
Employee Reservation 1.0673

LIC is introducing Health Plus Insurance Plan

Lic is introducing today Health Plus Insurance Product.
Age Limit: 3 months to 55 years.All Family member's are covered in a single policy thrugh this health plan.
LIC's first plan for medical treatment which is treating like Mediclaim Policy of General Insurance.
No tention of lapsation like general insurance it is working as per another regular plan's.ECS facility is also avail in this plan.
Double accident benefit is also coverd under this plan.
Total Family is covered by a single policy for taking Medical care of them.

Reliance Infratel IPO - Issue Details

About Reliance InfratelThe Company is part of the Reliance Anil Dhirubhai Ambani group and its business is to build, own and operate telecommunication towers and related assets at designated sites and to provide these passive telecommunication infrastructure assets on a shared basis to wireless service providers and other communications service providers under long-term contracts.These customers use the space on the Company’s telecommunication towers to install their active communication-related equipment to operate their wireless communications networks.About Reliance Infratel IPO IssueReliance Communications Ltd has announced that the Reliance Infratel Ltd, (the “Company”), subsidiary of the Company proposes an initial public offering of 8,91,64,100 Equity Shares of Rs 5 each (”Equity Shares”) for cash at a premium (the “issue”) to be decided through the 100% book building process. The Issue will constitute 10.05% of the post-Issue paid-upequity capital of the Company.DRHP with SEBIThe Company has filed its Draft Red Herring Prospectus (”DRHP”) with the Securities and Exchange Board of India (”SEBI”), on February 04, 2008.Issue AllocationQIB - 60 percent and Mutual Fund 5 percent out of it .Retail - 30 percentNon-Institutional Bidders - 10 percentIssue PurposeThe Issue proceeds are proposed to be utilized to finance the development of passive infrastructure sites and for general corporate purposes.