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IPO Updates

SKS Microfinance’s initial public offering (IPO) of 16,791,579 equity shares will open on July 28, 2010 to raise between Rs 1000-Rs 1500 crore. The issue consists of a fresh issue of 7,445,323 equity shares and an offer for sale of 9,346,256 equity shares. The fresh issue and the offer for sale will constitute 21.6% of [...]

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Hindustan Media Ventures made a smart closing on its debut date and finished at Rs 189.20, a premium of 13.98% or 23.20 points as against its issue price of Rs 166, on BSE. The shares of the company opened at Rs 170 and touched a high and a low of Rs 191.90 and Rs 170, [...]

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Midfield Industries IPO Analysis, Updates, Company Profile, Risk and Concern Outlook

by free stock tips IPO

Midfield Industries Midfield Industries Limited is coming with a 100% book building; initial public offering (IPO) of 4,500,000 equity shares of Rs 10 each in a price band of Rs 126-133 per equity share. At least 50% of the issue will be allocated to Qualified Institutional Buyers (QIB), including the 5% to mutual funds. Further, [...]

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Engineers India files DRHP for a FPO of 33,693,660 shares

by free stock tips IPO

Engineers India Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for a Follow on Public Offer (FPO) of 33,693,660 Equity Shares of Rs 5 each through a 100% Book Built Offer. The object of the offer is to carry out the divestment of 33,693,660 Equity Shares [...]

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Parabolic Drugs IPO Analysis, Updates, Company Profile, Risk and Concern Outlook

by free stock tips IPO

Parabolic Drugs IPO: Parabolic Drugs Limited is coming up with a 100% book building; initial public offering (IPO) of 20,25,702 shares to raise about Rs 200 crore. The equity shares of Rs 10 each are being offered in a price band of Rs 75-85 per equity share. At least 50% of the issue will be [...]

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Technofab Engineering gets SEBI nod for its IPO

by admin IPO

Technofab Engineering has received the SEBI nod for its proposed initial public offer (IPO). The company has filed the draft red herring prospectus (DRHP) with the market regulator to issue 29,90,000 equity shares of face value Rs 10 each. The book running lead manager to the issue will be Collins Stewart Inga. The company currently [...]

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We prefer FPO/IPO route to enter markets: Life Insurance Corporation (LIC)

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Life Insurance Corporation, the country’s largest domestic investor, invested a sum of Rs 1.92 lakh crore in FY’2009-10 in the Indian markets. Given the government’s ambitious disinvestments plans, LIC’s investment strategy assumes greater importance today. Check : Does LIC plan to float Rs2,000 crore public issue? "We expect to have a total premium collection in [...]

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Luminous to invest Rs 200 crore this year, mulls IPO

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Luminous Power Technologies, the diversified invertors and batteries firm, said that they are planning to invest around Rs 200 crore this year to expand its product lines. With the addition of new product lines, the company expects to achieve a turnover of around Rs 1,500 crore next year from around Rs 1,000 crore this year. [...]

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Cantabil Retail gets IPO nod

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The firm is in the business of designing, manufacturing and retailing of readymade garments and accessories, with 381 retail outlets spread across India Apparel maker Cantabil Retail India Ltd said on Tuesday it has received approval from the market regulator for an initial public offering to raise up to Rs1.05 billion. Cantabil Retail is in [...]

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CRISIL assigns IPO grade `4/5` to Hindustan Media Ventures

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Credit raring agency, CRISIL Equities has assigned a CRISIL IPO grade of `4/5` to the proposed initial public offer (IPO) of Hindustan Media Ventures (HMVL). This grade indicates that the fundamentals of the IPO are above average relative to other listed equity securities in India. However, this grade is not an opinion on whether the [...]

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