IPO News
BPTP plans Rs 1,500 cr IPO in early FY11
BPTP Ltd. is eyeing to raise around Rs. 1,500 crore through an Initial Public Offering (IPO) in early next financial year. Mr. Kabul Chawla, Managing Director of BPTP said the company has applied for the approval from Securities and Exchange Board of India (SEBI) for its IPO. Currently, the company has a networth of Rs. [...]
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 on 15th [...]
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 filed the red [...]
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 [...]
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 [...]