The follow-on public offer (FPO) of Tata Steel got subscribed eight per cent till noon on the first day of issue today. The issue received bids worth 38.9 lakh shares against 4.8 crore equities on offer, as per the data available on the National Stock Exchange till 1300 hrs. The company had fixed the price [...]
Country’s largest steel maker Tata Steel’s follow-on public offer (FPO) price band has been fixed at Rs 594-Rs 610 per share. The company on Friday gave a formal notice to market regulator Securities and Exchange Board of India (SEBI) that it will launch a 57-million FPO on January 19 to part- finance the ongoing expansion [...]
Midvalley Entertainment IPO Midvalley Entertainment is coming out with a 100% book building; initial public offering (IPO) of equity shares of face value Rs 10 each aggregating to Rs 60 crore in a price band Rs 64-70 per equity share. Up to 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including [...]
Tata Autocomp Systems has filed the draft red herring prospectus (DRHP) for an initial public offering (IPO) of shares including a fresh issue to raise up to 750 crores rupees ($167.4 million). In this, Tata Motors, Tata Sons, Tata Industries and Tata Capital will together sell up to 35.63 million shares in the company. It [...]
C Mahendra Exports‘s Initial Public offering (IPO) has been subscribed 0.92 times on the third day of its subscription. It has fixed a price band of Rs 95-110 a share for its initial public offering (IPO) of 1.5 crore equity shares of Rs 10 each. The company received bids for 13746720 equity shares against the [...]
Budget airline GoAir is aiming to raise Rs 400-500 crore via an initial public offer (IPO). The IPO proceeds will be utilized to repay debt and buy more aircraft. The Mumbai-based airline, owned by the Wadia group, is in talks with investment banks such as Enam Financials to manage the offer and JM Financial is [...]
State-run, PTC (India)’s subsidiary company, PTC India Financial Services, is planning to tap the capital markets with an initial public offering (IPO). It has filed the Draft Red Herring Prospectus (DRHP) with market regulator, Securities and Exchange Board of India (SEBI) for the IPO on December 22, 2010. It aims to launch the IPO by [...]
Jindal Power, a unit of Jindal Steel & Power Ltd , is likely to launch its initial public offering by the end of this month, executive director of the parent company, O.P. Jha, said on Monday. Jindal Power had filed papers for the 72-billion rupee ($1.6 billion) initial public offer in December last year, joining [...]
Punjab & Sind Bank (PSB) would be listed on bourses and is likely to raise Rs 480 crore through its initial public offer (IPO), which opens on December 13 and closes on December 16, 2010. Through the issue, priced at Rs 113-120 a share of Rs 10 face value, the century-old lender will issue fresh [...]
Punjab & Sind Bank (PSB) would be listed on bourses by the end of this month and is likely to raise Rs 480 crore through its initial public offer (IPO), a senior bank official said today. “The public issue is likely to be listed by the end of this year,” PSB Executive Director P K [...]
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