Going For Broke

Price : Rs 10, at par

Opens on : June 7, 1997

Listing : Vadodara, Ahmedabad and BSE

Lead manager : Aryaman Financial Services

The company has yet to tap a client base to generate business, set up infrastructure, and receive approval from NSE.

Alka Securities

In a recent seminar in Mumbai on the stock broking business, experts expressed their concern over the stock broking business. This sentiment has not, however, deterred some companies from raising money for their stock broking business. Alka Securities is such an example.

Alka Securities, a member of NSE in both the capital market and wholesale debt segment, is coming out with its maiden issue of Rs 5.5 crore. The company plans to open counters for broking business at 12 locations