Former Aviation and current Heavy Industries Minister Praful Patel is rooting for the Air India initial public offering (IPO) which he believes is in the government interest in the long run, reports CNBC-TV18.
The decision on merchant bankers for forthcoming follow-on public offer of SAIL (Steel Authority of India) will be early next week, says company.
The power ministry is all set to push for its next disinvestment. Sources tell CNBC-TV18 that the power ministry will be floating a cabinet note next week for bringing PFC's follow-on public offer (FPO).
Jindal Poly Films, a maker of flexible packaging films, is exploring options to raise USD 200 million for thermal power projects by selling a stake in its unit, top executives told Reuters on Thursday.
ValueFirst Messaging Pvt Ltd has raised a round of Rs 700 million funding from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (formerly HSBC Private Equity (Asia) Limited) with participation from existing investor New Enterprise Associates (NEA).
Differential gears manufacturer Gajra Differential Gears proposes to tap capital market for funding the expansion. It has filed draft red herring prospectus with the SEBI for a public issue of 60 lakh equity shares of face value of Rs 10 each.
Hair and beauty salon operator Jawed Habib Hair & Beauty has filed draft red herring prospectus with the market regulator SEBI for its public issue of Rs 60 crore.
Parag Milk Foods, India's largest private diary operator, plans an initial public offering for Rs 4-5 billion in a year's time.
Sanco Industries plans a public issue of 75 lakh equity shares having a face value of Rs 10 each. It has filed draft red herring prospectus with the market regulator SEBI.
Noida based Goodwill Hospital and Research Centre has filed draft red herring prospectus with the market regulator SEBI for its initial public offering of Rs 62 crore with one detachable warrant per equity share offered.
Transformer manufacturer M and B Switchgears proposes to enter capital market for funding its forthcoming solar photovoltaic power plant, with a public issue of 50 lakh equity shares (face value of Rs 10 each).
The board of the Steel Authority of India (SAIL) will be meeting next week to decide on the follow-on public offering (FPO). The FPO expected to roll out by next month. It is now at the attorney general's office from which the public sector steel company has sought his opinion on the issue of merchant bankers.
Tribhovandas Bhimji Zaveri, a well-known and trusted jewellery retailer in India, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a public issue of 16,666,667 equity shares of face value of Rs 10 each.
Omkar Speciality Chemicals' initial public offering has received good response from investors - especially from retail and HNIs. The issue, which closed today, was subscribed 4.67 times, as per NSE website.
Media and entertainment company Midvalley Entertainment started the first session on a positive note but rally fizzled out in last one hour of trade today. The stock settled at Rs 58.05, down 17% from issue price of Rs 70 a share on Bombay Stock Exchange.
The initial public offering of Omkar Speciality Chemicals, which closes on January 27, has been subscribed 1.16 times so far, as per NSE website.
Omkar Speciality Chemicals' initial public offering, which closes January 27, has received good response on day one; has been subscribed 0.96 times so far, as per data available on NSE website.
Sanjeev Aga Managing Director, Idea Cellular also informed that initial public offering (IPO) of Indus Towers is likely to come out by next fiscal.
The government is optimistic that FPO of SAIL will be concluded this fiscal, reports CNBC-TV18.
Mumbai based broking firm Comfort Securities is planning to tap capital markets for business expansion. The company has filed draft red herring prospectus with the market regulator SEBI for a public issue of 95 lakh equity shares.
Omkar Speciality Chemicals' initial public offering of 81 lakh equity shares is opened for subscription. It has fixed price band at Rs 95-98 per equity share for the issue, which closes on January 27
CRISIL Equities has assigned a grade of 1/5 to the proposed IPO of Sudar Garments, which indicates that the fundamentals of the IPO are poor relative to other listed equity securities in India, according to CRISIL report dated January 21.
The initial public offering of Omkar Speciality Chemicals has opened for subscription today. The company is offering 81 lakh equity shares of Rs 10 each through issue.
Country's largest steel maker Tata Steel has fixed a price at higher end of price band of Rs 594-610 a share for its 5.7 crore equity shares' follow-on public offer.
The follow-on public offer of the world's seventh largest steel company Tata Steel, which closed today, has subscribed 6.03 times, reports CNBC-TV18.