PTC India Financial Services' (PFS) initial public offering of 15.67 crore equity shares opened for subscription. Aditya Birla Money believes it is a good investment bet and thus has recommend investors to subscribe to the issue with medium to long term perspective.
The government is all set to begin its disinvestment programme for the next fiscal with Power Finance Corporation (PFC), which may file its regulatory papers with market regulator SEBI for the 20% follow-on public offer (FPO) later this week.
The initial public offering of PTC India Financial Services was subscribed two per cent on the first day of the issue today.
PTC India Financial Services', an Indian non-banking financial institution promoted by PTC India, initial public offering of 15.67 crore equity shares is opened for subscription. Way2Wealth has recommended avoiding the issue, in its research report dated March 16.
The initial public offering of PTC India Financial Services, an Indian non-banking financial institution promoted by PTC India, is opened for subscription today.
In an exclusive interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, TN Thakur chairman and managing director of PTC shares details of the issue opening. He says the company has sanctioned debt of over Rs 2000 crore so far. He also says that the company has about Rs 595 crore outstanding loans.
PTC India Financial Services, Indian non-banking financial institution promoted by PTC India, has opened its initial public offering of 15.67 crore equity shares for subscription today.
PTC India Financial Services (PFS) on Tuesday said it has finalised allocation of 23.5 million equity shares to anchor investors at Rs 28 a share, including a premium of Rs 18 a piece.
Steel Authority of India (SAIL) will file the red herring prospectus (RHP) in May for its forthcoming follow-on public offer, which is expected to hit the market in the first quarter of the next fiscal.
Sistema Shyam TeleServices, a joint venture between Russia-based Sistema and India's Shyam Telecom, will appoint investment bankers in the next few months for the company’s planned initial public offering.
PTC India Financial Services, the non-banking finance arm of power trader PTC India, has priced its initial public offering in the Rs 26-28 band.
PTC India Financial Services, Indian non-banking financial institution promoted by PTC India, has fixed a price band at Rs 26-28 a share for its initial public offering of 15.67 crore equity shares, as per advertisement in leading newspaper on Monday.
Diagnostics services provider Super Religare Laboratories proposes to enter capital market with a public issue of up to 2.8 crore equity shares of face value of Rs 10 each.
AC generators manufacturer TD Power Systems has filed draft red herring prospectus with the market regulator SEBI for its Rs 250 crore public issue.
Women's innerwear manufacturer Lovable Lingerie's initial public offering, which closed today, has seen tremendous response from all categories of investors.
ICRA has assigned a grade 4, indicating above-average fundamentals to the proposed initial public offering (IPO) of Muthoot Finance Limited (MFL), according to its research report dated March 10.
Standard Chartered Private Equity (SCPE) is part exiting its three-and-half-year-old investment in the initial public offer of Mumbai-based genset manufacturer Powerica Ltd.
Ethanol maker Bio-Ethanol Agro Industries Ltd is looking to raise Rs 62 crore through a public issue to complete its second phase of ongoing project that will double its manufacturing capacity by April 2012.
In an interview with CNBC-TV18, Murugan Phevar, chairman and managing director of Sudar Garments said that he expects earning per share at Rs 11-11.5 for FY11.
"I am surprised that they got subscribed in the first place" says Udayan Mukherjee, CNBC-TV18's managing editor.
The issue closes up today for Lovalable Lingerie, has seen fantastic subscription particularly from the QIPs.
PTC India Financial Services, a unit of PTC India, will launch its initial public offer (IPO) on March 16 and will close it on March 18, it said in a newspaper advertisement on Friday.
A share sale in explorer Oil & Natural Gas Corp may be deferred to the second half of 2011 as the state-run firm reconstitutes its board of directors to meet regulatory needs, the Press Trust of India said.
AK Hazarika, the new Chairman of ONGC, spoke to CNBC-TV18 about the controversy surrounding the company's FPO route. "The decision on the FPO lies with the government. However, we do expect it to take place in the first quarter of FY12," he said.
Women's innerwear manufacturer Lovable Lingerie's initial public offering, which closes on March 11, has received huge response from investors on third day - especially from qualified institutional investors; subscribed 10.33 times, as per NSE's website.