Ashoka Buildcon, engaged in construction business of roads and bridges, has filed the draft red herring prospectus (DRHP) with market regulator SEBI for its proposed Rs 225 crore initial public offer (IPO).
The company will utilize the issue proceeds for investment in capital equipment; working capital requirements; prepayment/ repayment of project loans of the company and funding certain subsidiaries for prepayment/ repayment of their loans.
Eight secured investors are all set to buy over 60 million shares, amounting to Rs 270 crore, of Indiabulls Power Ltd as informed by the company, which is going for IPO on October 12. The firm is expected to raise Rs 270 crore by selling stake at Rs 45 a piece to anchor investors.
Reliance Infratel, a subsidiary of Reliance Communication, has decided to go for an IPO shortly as the company is willing to offer 10 per cent stake to the investors.
The board of directors of Reliance Communications passed the IPO proposal on Wednesday.
Mr. Anil Ambani, Chairperson Reliance Communications, at the company's annual general meeting announced that they are looking forward to offer 10 per cent Reliance Infratel’s equity to the investors through an IPO. However, the company will still hold 85 per cent of the company’s stake.
India’s second largest oil and gas company, Oil India Ltd. (OIL) is going for IPO on September 7. The company is expected to raise around Rs 2,512 - Rs 2,777 crore through the Initial Public Offer of 26.45 lakh equity shares. OPIL has fixed issue price Rs 950-1050 per equity share with face value of Rs 10 each.
The initial public offer (IPO) of the textile firm has acquired a full subscription on the final day of its issue.
The latest data of National Stock Exchange (NSE) has revealed that the textile firm had received bids for over 1.12 crore shares.
The company has entered the capital market with an issue size of 1.24 crore shares in the price band of Rs 70-75.
The Securities and Exchange Board of India (SEBI), on Tuesday, has passed an interim ex-parte order, which has prohibited e & Projects Ltd from raising fresh funds through initial public offerings (IPO).
India's markets regulator, SEBI has taken the decision in response to the information from Income Tax Department for allegedly falsifying accounts of more than Rs 1,000 crore, and diverting money lifted from last year’s IPO.
NHPC Limited, a Mini-Ratna Category-I public sector undertaking and hydroelectric power generating company, will be listed on the bourses on September 1, 2009.
Earlier this month, the company launched its initial public offering (IPO) of 1.67 billion equity shares of Rs 10 each with a price band of Rs 30-36 per equity share.
NHPC Limited, a Mini-Ratna Category-I public sector undertaking and hydroelectric power generating company, has decided to list its equity shares on the bourses on September 1, 2009.
Adani Power, a subsidiary of Gujarat-based conglomerate Adani group, will list its equity shares on the bourses on August 20, 2009.
The company has fixed the issue price at Rs 100 per equity share for its initial public offering of 301,652,031 equity shares of Rs 10 each.
JSW Energy Ltd (JSWEL), a group company of Jindal South West (JSW), on Friday announced that it will lift Rs 3,000 crore through an Initial Public Offer (IPO) and has registered the draft prospectus for the same with market regulator SEBI.