Steel products maker Innoventive Industries said on Wednesday it plans to raise Rs 2.2 billion rupee via initial public offering, which opens on April 26.
The Rs 901 crore IPO of Muthoot Finance (MFL), the non-banking finance company engaged in gold loan business, closes today for subscription. The company has shown consistent growth of FY06-10 which FIFL believes is likely to continue.
Country's largest gold financing company Muthoot Finance's (MFL) initial public offering opened for subscription. Prabhudas Lilladher has recommended subscribing the issue, citing valuations remain reasonable.
Pune-based multiproduct engineering company, Innoventive Industries, today said it plans to raise up to Rs 219.58-crore from its initial public offer, scheduled to open on April 26.
The over Rs 11,000 crore follow-on public offer (FPO) of the Oil and Natural Gas Corporation (ONGC) is likely to hit markets between June and July this year, a top central government official said here today.
Country's largest gold financing company Muthoot Finance's initial public offering, which closes on April 21, has received good response from investors - especially qualified institutional investors.
For a company that is yet to pay a dividend, whose promoter companies are still making losses, and whose pricing is rather aggressive, the Paramount Printpackaging Ltd (PPL) issue that opened on Wednesday does not quite qualify as great buy.
Divyesh Sukhadia chairman and managing director of Paramount Print Packaging says that the company is about to clock in around Rs 60 crore in FY12. He says that the new project is likely to be completed in the last quarter of this year.
Paramount Printpackaging's public issue of 1,30,94,175 equity shares has opened for subscription today.
IDBI Bank is mulling an initial public offer for ratings agency Care in which it holds a 26% stake, in the near-term, an official familiar with the matter, told moneycontrol.com
Kishore Biyani’s Future Ventures India plans to raise its stake in women’s ethnic wear maker Biba Apparels and edutainment company Amar Chitra Katha, and is also seeking new opportunities to invest in the fast moving consumer goods and fashion sectors.
Muthoot Finance, the non-banking finance company engaged in gold loan business, aims to raise Rs 901 crore through the issue of 5.15 crore equity shares at higher end of price band of Rs 160-175 a share.
Future Ventures Ltd, a unit of the Future Group which runs the country's top listed retailer Pantaloon Retail, said on Tuesday it has set a price band of 10-11 rupees a share for its planned 7.5 billion rupee initial public offering of shares.
HDFC Standard Life is planning to push its initial public offering to next year as current valuations are not attractive. This comes even as the insurance regulator is expected to announce IPO guidelines by the month-end.
The initial public offering of Muthoot Finance, the non-banking finance company engaged in gold loan business, opened for subscription. Aditya Birla Money has recommended subscribing the issue with a medium to long-term perspective, in its research report.
Pune based Innoventive Industries is coming out with a public issue of equity shares of Rs 10 each on April 26.
The initial public offering of Muthoot Finance, the non-banking finance company engaged in gold loan business, has opened for subscription. Nirmal Bang has recommended subscribing the issue with a medium to long-term perspective, in its research report.
Avigo Capital Partners, an Indian private equity fund manager with a focus on private equity investments in the SME sector in India, today announced the signing of share subscription agreement with Super Religare Laboratories.
Paramount Printpackaging is the entering capital market with a public issue of 1,30,94,175 equity shares of Rs 10 each on April 20.
George Alexander Muthoot managing director of Muthoot Finance, in an exclusive interview with CNBC-TV18 says that the company sees huge demand for gold loans. On the IPO performance, he says, “There has been an overwhelming response by anchor investors. The anchor investors came in at Rs 170 per share.”
The Offer The present IPO is a fresh Issue of 5.15 cr Equity Shares of `10 each by the company which constitutes 13.85% of the company’s post-issue paid-up capital. The offer is being made in the price band of `160 – `175 a piece. Thus, the issue size amounts to ` 824 cr to ` 901 cr.
Joyalukkas India has obtained the Securities and Exchange Board of India’s (SEBI) approval for its initial public offer (IPO) sized between Rs 600-650 crore, a source in the company told moneycontrol.com. The Kochi-based gold and diamond retail jewellery chain plans to launch the issue by the end of May or early June, the source added.
Muthoot Finance has raised about Rs 130 crore (USD 30 million) from 11 cornerstone investors, the company said in exchange filings, ahead of the launch of its initial public offering to raise up to USD 203 million.
Muthoot Finance, the non-banking finance company engaged in gold loan business, plans to raise Rs 901 crore via an initial public offer of 5.15 crore equity shares in the price band of Rs 160-175.
APR Constructions has filed draft red herring prospectus (DRHP) with the market regulator SEBI for public issue of equity shares of Rs 10 each aggregative upto Rs 104 crore.