IPO
Oil India IPO price fixed at Rs 1,050 per share
The government fixed the issue price of the initial public offer (IPO) of Oil India at Rs 1,050 per share, raising a cumulative Rs 4,982 crore. However, the IPO of 11% fresh equity shares would obtain Rs 4,982 crore at the higher end of the Rs 950-1,050 price band. Additionally, the government would sell its [...]
Independent actuary essential for insurers going public
The Insurance Regulatory and Development Authority (Irda) is working on initial public offer (IPO) and mergers and acquisitions (M&A) guidelines. Insurance companies planning to enter the market will have to appoint an independent actuary as part of IPO and M&A norms to carry out valuations. R Kannan, Member, Actuary said, “While the appointed actuary will [...]
Oil India IPO subscribed 31 times
The initial public offer (IPO) that closed on September 10, 2009 was subscribed 31 times with institutional investors made the maximum bids while the retail investors were less enthusiastic. The price band for the IPO was Rs 950-1,050 per share. The issue opened on September 7, 2009. The institutional portion of the issue was subscribed [...]
Oil India IPO price band at Rs 950-1,050
The Government has fixed a price band of Rs 950-1,050 a share for the initial public offering (IPO) of Oil India Ltd (OIL). A Group of Ministers headed by Finance Minister, Mr. Pranab Mukherjee took the decision on Monday. As per the sources, the IPO will open on September 7 and close on September 10. [...]
Jindal Cotex fixes price band for issue at Rs 70-75 per share
Jindal Cotex will come out with its initial public offer on August 27. Meanwhile, the textile company has fixed the price band for the issue at Rs 70-75 per share to raise around Rs 94 crore. The funds of the coming issue would be mainly used for entering technical textile space through investment in wholly-owned [...]
JSW Energy to come out with IPO in two months
JSW Energy is planning to come out with its initial public offering in the next two months. The company wants to raise about Rs 3,000 crore to fund its expansion plans to some extent. “Provided we get the necessary regulatory approval, we may come out with an IPO in the next two months,” JSW Group [...]