India's largest steel company Tata Steel's board of directors have approved follow-on public offer (FPO) of 57 million ordinary shares of Rs 10 each.
South based media & entertainment company Midvalley Entertainment's initial public offering (IPO) has been subscribed 1.14 times so far on day two, as per data available on exchanges.
PTC India Financial Services (PFS) promoted by PTC India Ltd (PTC) will sell 12.75 crore shares via initial public offering (IPO).
The research firm Mehta Equities said one should watch out for five interesting IPOs in 2011, which are Micromax, Tata Autocomp Systems, IOT Infrastructure, L&T Finance and HPCL-Mittal Energy.
State-owned Power Finance Corporation is likely to come out with its follow-on public offering early next fiscal, Government officials said.
The Government may be confident about achieving its divestment target of Rs 40,000 crore for this fiscal, but marketmen say unstable market conditions can be a spoilsport.
The government may consider upping the mandatory 10% public float for public sector units in fiscal 2012, sources from the finance ministry inform CNBC-TV18. The ministry had announced mandatory 25% float in June 2010.
The Rs 60-crore public issue of south based media & entertainment company Midvalley Entertainment has been subscribed 0.33 times (33%) so far, as per data available on exchanges.
Textile firm Shekhawati Poly-Yarn raised Rs 36 crore through its initial public offering of 1.2 crore equity shares at a fixed price of Rs 30 a share. The issue constituted 54.54% of the fully diluted post-issue capital of company.
CS Verma, Chairman of SAIL said follow-on public offer would be launched during mid-February. “The issue will be two tranches with first tranche being 5% divestment by government and 5% via fresh issue of shares,” he explained.
The Rs 60-crore initial public offering (IPO) of South based media & entertainment company Midvalley Entertainment opened for subscription. MLR Securities has recommended avoiding the issue, in its research report.
Murugavel Karunanidhi, the director & COO of the debt free company, in an interview to CNBC-TV18 spoke about the latest happenings in his company and what the road ahead was.
South based media & entertainment company Midvalley Entertainment's (MVEL) initial public offering (IPO) has opened for subscription today. CNBC-TV18’s Managing Editor Udayan Mukherjee says that such small cap IPO investing is out of vogue now and doesn’t see people making money.
South based media & entertainment company Midvalley Entertainment's (MVEL) initial public offering (IPO) has opened for subscription today. A price band for Rs 60 crore IPO is set at Rs 64-70/share.
India's second largest steel maker and state-owned Steel Authority of India's (SAIL) follow-on public offer (FPO) is likely to open on February 8, 2011, which will be first public offer of the year 2011 from government, reports CNBC-TV18.
Steel Authority of India's follow-on public offering (FPO) will hit the market next month, the Disinvestment Secretary, Mr Sumit Bose, has said.
The follow-on public offer of Hindustan Copper is unlikely to happen this fiscal year, reports CNBC-TV18 quoting sources from the finance ministry. This information comes at a time when the Empowered Group of Ministers (EGoM) met the finance minister to discuss the issue.
Diamond jewellery player C Mahendra Exports' initial public offering (IPO), which closed today, subscribed 2.78 times, as per data available on exchange.
The Government has invited applications from reputed merchant bankers, either singly or as a consortium, to act as book running lead managers and to assist and advise the Government in the proposed divestment of ONGC's shares.
An empowered group of ministers (EGoM) will consider over follow-on public offer (FPO) of Hindustan Copper in today's meet, reports CNBC-TV18.
CRISIL Equities has assigned a grade of 3/5 to the proposed initial public offer (IPO) of Endurance Technologies, which indicates that the fundamentals of the IPO are average relative to other listed equity securities in India.
Diamond jewellery player C Mahendra Exports ' initial public offering (IPO) has been subscribed 1.03 so far, as per data available on NSE website. The issue will close for subscription on January 06.
Toothbrush manufacturer Trim Plastics proposes to enter capital market with an initial public offering of 59.3 lakh equity shares, which shall constitute 56% of the fully diluted post issue paid up capital of company.
India's second largest steel company Steel Authority of India (SAIL) said its follow-on public offer (FPO) was likely by second week of February, reports CNBC-TV18 DJ.
State-owned Hindustan Copper will be launching follow-on public offer (FPO) soon, which may be priced at Rs 120-140/share, reports CNBC-TV18 quoting sources of NW18.