IRCTC has a dominant market share of 72 percent in Railway E-Ticketing bookings.
The shareholding of government in the railways' tourism and catering subsidiary will be reduced to 87.40 percent.
The proceeds from EESL's listing will be used to lease electric vehicles (EVs) and install smart metres to measure power consumptio.
VSL is an integrated sugar and other allied products manufacturing company operating from Belgaum District, Karnataka. The company operates a single location sugar unit having licensed crushing capacity of 11,000 tonnes crushed per day (TCD).
IRCTC enjoys a monopoly in many of the services it provides and is also a debt-free company, making it attractive to investors.
The company's business model, strong earnings, big customer base and consistency in business segments has seen domestic as well as global brokerages give a subscribe call for the IPO.
IRCTC operates in four business segments--internet ticketing, catering, packaged drinking water and travel and tourism.
Brokerages have expressed subdued outlook on the issue despite of the fact that a wide range of products is the strength of the company.
Most analysts are positive and have given a buy recommendation for the IPO, thanks to its reasonable valuation and competitive strength of the company
The offer is a part of government's divestment programme for current financial year 2019-20 and shares will be offered to employees and retail investors at a discount to final price.
The public issue comprises a fresh issue of Rs 1,100 crore and an offer for sale (OFS) of 1,91,45,624 equity shares by selling shareholders, as per draft papers.
As it is an offer for sale issue, the company will not receive any proceeds from the offer and all proceeds will go to the selling shareholder.
The stake sale is expected to help the government raise between Rs 500 crore and Rs 600 crore.
With a monopolistic business model and a strong balance sheet, the company is strongly placed for future growth
The country's second-largest credit card provider, SBI Cards & Payments Services, a subsidiary of State Bank of India, has shortlisted merchant bankers for its IPO.
Drones attacked two of Aramco’s facilities on September 14, cutting oil production by more than half.
2019 has not been too kind on the broader markets. Slowing economy, US-China trade war and outflow of foreign funds have kept the market volatile. Nonetheless, companies that got listed in 2019 remained largely unscathed as only three out of 11 stocks are trading below their respective issue price.
Chulet said a decision on listing the stock in India or the US will take place in course of the due diligence process
According to draft papers, Bajaj Energy's initial public offer (IPO) comprises fresh issuance of shares aggregating up to Rs 5,150 crore and an offer for sale of scrips up to Rs 300 crore by Bajaj Power Ventures.
The Park Hotels has engaged ICICI Securities as the merchant banker, sources told Moneycontrol.
According to market sources, the IPO would be worth about Rs 500-600 crore.
Sterling traded with volume of 3.09 lakh shares on the BSE and 45.99 lakh shares on the NSE.
Shares of the solar engineering solutions provider firm fell more than 9 percent in opening deals on August 20.
On the BSE, the stock started off trade at Rs 700, down more than 10 percent against issue price.