IPO News
NMDC FPO price band fixed at Rs 300-350
The government stated that it has fixed the price band of NMDC FPO at Rs 300-350 a share.
It is a hefty discount of 25% from its last closing of Rs 400 a piece on the BSE in order to attract retail investors.
However, the Empowered Group of Ministers fixed a price band of Rs [...]
Pradip Overseas fixes IPO price band at Rs 100-110
Pradip Overseas has said that it has fixed the price band of its crore Initial Public Offer (IPO) between Rs 100 and Rs 110 per share.
The issue size will be of 1.06 crore equity shares of Rs 10 each and the IPO opens on opens on 11 of March and will close [...]
IL&FS Transportation Networks’ Rs 700 cr IPO opens on March 11
IL&FS Transportation Networks Ltd. (ITNL) has announced that it’s Rs. 700 crore Initial Public Offering (IPO) will open on 11 of March and closes on March 15 and take up international airport development projects in association with the Airports Authority of India.
Last week, on 4th of March, the company has already [...]
Muted response to Birla Shloka Edutech FPO on day one
Yash Birla Group company, Birla Shloka Edutech’s follow-on public offering (FPO) of Rs 34.77 crore was undersubscribed with bids for 4.26 lakh shares by 16:00 IST.
The FPO opened for bidding today and it proposes to sell 66.16 lakh shares through the FPO.
However, the issue comprises promoter’s contribution of Rs 5 crore and net issue to [...]
SJVNL IPO put on hold until next fiscal
After seeing an unfavourable market response to the Follow-on Public Offering (FPO) of NTPC and REC, the Initial Public Offering (IPO) of Satluj Jal Vidyut Nigam Ltd. (SJVNL) has been put on hold by the Government of India.
Mr. H K Sharma, CMD of SJVNL said its IPO is slightly delayed on the grounds of the [...]
ARSS Infra fixes IPO issue price at Rs 450 per share
ARSS Infrastructure Projects Ltd has fixed the issue price of its initial public offer (IPO) at Rs 450 per share, the upper end of its price band. The face value is Rs 10 per equity, ARSS Infrastructure said in a public announcement on Tuesday.
The IPO that opened on February 8, was subscribed 47.62 times and [...]
