Sebi has been crying hoarse about the need for safety net for retail investors participating in IPOs. Now, companies seem to be listening to it.
Indian cos mopped up nearly Rs 9,500 crore through primary market in the first 7 months of the current fiscal, a sharp 41%.
Indian cos mopped up nearly Rs 9,500 crore through primary market in the first 7 months of the current fiscal, a sharp 41%.
Realty firm Unitech has shot off a letter to FIPB objecting to its telecom partner Uninor's proposal to raise Rs 1,200 crore through a rights issue.
Realty firm Unitech has shot off a letter to FIPB objecting to its telecom partner Uninor's proposal to raise Rs 1,200 crore through a rights issue.
Fine dine operator Speciality Restaurants fixed the price band at Rs 146-155 for its initial public offering (IPO), which aims to garner Rs 182 crore.
Fine dine operator Speciality Restaurants fixed the price band at Rs 146-155 for its initial public offering (IPO), which aims to garner Rs 182 crore.
SMC Investments and Advisors is of the view that investors with a high risk appetite can consider subscribing to the initial public offering of Plastene India.
SMC Investments and Advisors is of the view that investors with a high risk appetite can consider subscribing to the initial public offering of Plastene India.
The issue, which opened on May 2, was subscribed just 0.38 times till 7 pm on the closing day according to the NSE website.
The issue, which opened on May 2, was subscribed just 0.38 times till 7 pm on the closing day according to the NSE website.
The share offering was covered just 0.23 times of the total book size by 4 p.m. on Friday, the last day of bidding, according to stock exchange data.
Samvardhana Motherson Finance Ltd has withdrawn its initial public offering of shares to raise about Rs 16.65 billion due to poor demand.
Samvardhana Motherson Finance Ltd's (SMFL)initial public offering (IPO)was subscribed 14 percent on the third day of the issue today.
Samvardhana Motherson Finance Ltd's (SMFL) initial public offer (IPO) was subscribed 9 per cent on the second day of the issue today.
The Ahmedabad-based company is entering the capital market with a public issue of 92,55,290 shares in the Rs 81-84 per equity share price band.
The IPO of auto parts maker Samvardhana Motherson Finance Ltd (SMFL) got subscribed three per cent on the first day today.
Valuations do not provide a sufficient margin of safety to investors, the brokerage said. It arrived at a value of Rs 97/share against the IPO price band of Rs 113-118.
The IPO is a combination of fresh issue of equity shares and an offer for sale from a promoter group entity and has been priced at 113-118 a share.
As per NSE data, Government of Singapore purchased over 66 lakh shares in a transaction worth about Rs 78 crore.
State-owned Rashtriya Ispat Nigam has already initiated the IPO process and has appointed four merchant bankers to manage the issue.
General Insurance Corp of India is deliberating an initial public offering to raise funds amid strained resources and help government meet its divestment target.
The auto parts maker set a price band of Rs 113-118 a share for its Rs 1,665-crore offering that will hit the market on May 2. The issue closes on May 4.
The public issue, which closes on May 4, includes a fresh issue of Rs 1,344 crore and an Offer For Sale (OFS) of Rs 321 crore by Radha Rani Holdings Pte Limited.
The initial public offering (IPO) of Tribhovandas Bhimji Zaveri (TBZ) managed to scrape through on the final day, thanks to last minute bids from high net worth and institutional investors.
