IPO
BGIL coming up with an IPO to raise Rs 54 crore
Bharatiya Global Infomedia Ltd (BGIL) intends to raise around Rs 50-54 crore through initial public offer (IPO). The company is entering the capital market with a public issue of 67.2 lakh equity shares of Rs 10 each. The bid will open on July 11, 2011 and close on July 14, 2011 by diluting 42.42 per [...]
United Bank of India IPO price likely at Rs 60-66
United Bank of India is eyeing keep its Initial Public Offering (IPO) price between Rs. 60-66. The Bank is planning to sell 50 mn shares in its IPO with a face value of Rs10 each for cash at a price to be determined through a 100% book building process. The equity shares will be listed [...]
Jindal Power to float IPO to mop up Rs 7,200 cr for expansion
For an initial public offering of Rs 7,200 crore, Jindal Power (JPL) announced the filing of its draft red herring prospectus where it is the largest since the Rs 11,500-crore IPO of Reliance Power in January 2008. However, JPL is mobilizing the funds for brownfield expansion at Raigarh in Chhattisgarh while JPL plans to more [...]
DB Corp IPO fixes price band at Rs 185-212
DB Corporation, the publishers of Dainik Bhaskar, will hit the capital market on Friday with an initial public offer of 18,175,000 shares of face value Rs 10 each. The price band for the IPO is set at Rs 185-212 per share. The company will raise around Rs Rs 385 crore at the upper band of [...]
Pipavav Shipyard fixes IPO price at 58 rupees/share
Pipavav Shipyard fixed the issue price for its initial public offering (IPO) at 58 rupees a share, 2 rupees less than the upper end of its price band. However, planning to utilize the IPO proceeds mainly for construction of facilities for shipbuilding, ship repair and offshore business, it had issued over 85.45 million shares at [...]
Bankers expect IPOs to raise over Rs 40,000 in 2nd half of the year
Bankers are expecting initial public offers (IPOs) to raise more than Rs 40,000 crore in the next few months. For the primary markets, the shine is likely to increase after Diwali with merchant bankers expecting IPOs to raise as a minimum Rs 40,000 crore in the second half of the year. The qualified institutional placements [...]