Servalakshmi Paper, engaged in the business of manufacturing printing and writing paper and newsprint, has received SEBI nod for its proposed IPO. The company proposes to enter capital markets with a public issue of equity shares aggregating Rs 60 crore through 100% book building process.
The fluctuating markets may further delay the launch of state-run SAIL's follow-on public (FPO) offer. In an interview to CNBC-TV18, Steel Secretary, PK Mishra said that it will be difficult to launch SAIL FPO if market continues to be volatile.
The fluctuating markets may further delay the launch of state-run SAIL's follow-on public offer. The issue, which was scheduled to release this March, may now be launched only in the first week of April, reports CNBC TV18's Aakansha Sethi quoting sources.
Bangalore based IT services provider Acropetal Technologies' Rs 170 crore initial public offering (IPO) will open for subscription on February 21.
Apparel manufacturer Sudar Garments is entering capital market with a public issue of 90.88 lakh equity shares of Rs 10 each on February 21.
Fineotex Chemical (FCL) is entering the capital market with a public issue of 42,11,160 equity shares for cash at a premium by 100% book building route. The price band is set at Rs 60-72 per equity share of face value of Rs 10 each.
State-run Indian Oil Corporation on Thursday said its Rs 20,000-crore public offer is on hold due to unfavourable market conditions and rising global crude oil prices.
SAIL's follow-on public offer (FPO) will be launched only after the filing of the ONGC FPO, SAIL chairman CS Verma said, adding, "The FPO is likely to be filed before March-end and the pricing is yet to be decided. Also, the company has not yet filed the draft red herring prospectus (DRHP).
SAIL's follow-on public offer (FPO) is set to hit the markets in March 2011 as the company sorts its issues with bankers, reports CNBC-TV18 quoting sources.
Cabinet has approved the PFC follow-on public offer (FPO) today, reports CNBC-TV18.
In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Pravin Herlekar, Chairman and Managing Director of Omkar Speciality Chemicals says that the company sees the FY11 revenues to be at Rs 100 crore.
Texmaco Rail & Engineering, formed after demerger of Texmaco Ltd, expects to get approval from the Indian capital market regulator to list on the stock exchanges soon, a senior official said on Wednesday.
The Vadodara-based Sanghvi Forging and Engineering has filed draft red herring prospectus with SEBI to raise Rs 42.50 crore through an initial public offer
Ratanchand Jewellers said on Monday it has filed initial papers with the regulator to raise up to Rs 1.5 billion via an initial share sale.
Even after a year of filing the draft red herring prospectus (DRHP) with the SEBI, Avantha Power & Infrastructure’s initial public offer seems like a far fetched dream. Sources inform CNBC-TV18 that the issue may get delayed to the fourth quarter of fiscal year 2012 on account of non-conducive market conditions.
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.