The listing would be done in staggered manner for better market response, sources said.
Finance Ministry is likely to have given nod for initial public offering (IPO) of National Insurance.
Funds raised through the issue would be used to pay debt and to finance the company's 200 MW solar power project in Rajasthan and for other general corporate purposes.
The initial public offer (IPO) of Rs 8,400 crore was oversubscribed 3.58 times on September 20-22. The portion meant for qualified institutional buyers (QIBs) was oversubscribed 12.56 times while that of non- institutional investors received 70 per cent subscriptions and retail investors 85 per cent, data available with the NSE showed.
Shareholders of the electricity exchange are selling a little over 6 million shares, or 20 percent of the post-issue paid-up capital, in the IPO that closes for subscription on Oct. 11.
The company's initial public offer (IPO) is a pure offer for sale. Existing shareholders would sell 4,44,00,000 equity shares in the public issue, according to the draft red herring prospectus (DRHP).
The initial public offer (IPO) will be open to public subscription during October 6-10 (rpt) 6-10, MAS Financial Services said in a statement.
The public issue comprises fresh issue of shares worth up to Rs 500 crore besides an offer for sale by the company's promoters -- Jayant Shamji Chheda, Tarla Jayant Chheda, Parag Jayant Chheda and Vipul Jayant Chheda, according to the draft red herring prospectus (DRHP).
According to merchant banking sources, the company's initial public offer (IPO) is expected to fetch Rs 400 crore.
The Rs 5,700-crore public issue, which opened between September 15 and 19, had a price band at Rs 651-661 per share.
Aim to grow faster than the industry and have a targeted growth rate of 15-20 percent, said Bhargav Dasgupta, MD & CEO, ICICI Lombard.
The Rs 5,700-crore public issue, which was opened during September 15-19, had a price band at Rs 651-661 per share.
Analysts don't expect strong listing gains as the initial share sale offer that ended last week was oversubscribed 3 times. In addition, equity markets have been subdued from last week, they said.
Prataap Snacks aims to raise Rs 481.94 crore through the issue, at higher end of price band of Rs 930-938 per share.
The animal-feed producer is selling new shares worth up to Rs 292 crore in the IPO, while its main shareholder Godrej Industries is selling secondary shares of up to Rs 300 crore.
The stock settled with hefty premium of 37 percent at Rs 342.55 per share on the National Stock Exchange.
Godrej Industries Limited (GIL), has reaped huge dividends from its investments across various businesses like FMCG and property development by taking them public.
The initial public offer (IPO), which aims to raise Rs 482 crore, received bids for 39,14,325 shares against the total issue size of 36,27,518, data available with the NSE till 1445 hours showed. Prataap Snacks last week garnered a little over Rs 143 crore from anchor investors.
The company had a stellar response to its initial public offering, getting oversubscribed 183.03 times.
Construction firm Capacit'e Infraprojects, which concluded its Rs 400 crore initial public offering (IPO) last week, will make the stock market debut today.
Promoters including Sequoia Capital GFIV Mauritius Investment (SCG), Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II hold 92.67 percent stake in the company and the rest is held by public.
Multiple brokerages recommend subscribing to the issue with a long term perspective as valuations could be higher from some perspective. But the business has a strong potential to grow ahead, they said.
Among all insurance initial public offerings (IPOs), State Bank of India's SBI Life commanding a valuation of Rs 70,000 crores is fully subscribed. In an interview to CNBC-TV18, SBI Life's MD & CEO Arijit Basu spoke about the response the IPO has garnered.
The Prataap Snacks initial public offering (IPO) opens for subscription today. In an interview to CNBC-TV18, Amit Kumat, MD & CEO of Prataap Snacks spoke about the latest happenings in his company and sector.
The Rs 400-crore initial public offering of Capacit'e has oversubscribed 183.03 times.