ICRA has assigned an grade 2 indicating below average fundamentals to the proposed initial public offering of Servalakshmi Paper (SPL), according to its research report dated February 24.
Power Finance Corporation has appointed four merchant bankers — Goldman Sachs, JM Financial, DSP Merill Lynch and ICICI Securities — to manage the Rs 5,600-crore follow-on public offer.
Initial public offers of garment manufacturer Sudar Garments and Bangalore based IT service provider Acropetal Technologies subscribed 1.55 times and 1.28 times on last day, respectively.
Sequoia Capital India's growth fund has picked up a 5.95% stake in a pre-IPO investment in Mumbai-based Lovable Lingerie Limited for Rs 20 crore.
Power trader PTC India plans to launch the initial public offering of its financial services unit by the middle of next month, its chairman said, a sign that firms are still upbeat about investor appetite despite a weak run in the markets this year.
In what could a first-of-its-kind market debut, Matrix Partners-backed Tree House Education and Accessories Ltd, engaged in the pre-schools business.
Mumbai-based Lovable Lingerie has raised Rs 20 crore through a pre-IPO placement of 10 lakh equity shares with SCI Growth Investments II at a price of Rs 200 per share, including a premium of Rs 190 per share.
Fitch Ratings has assigned a grade of 2nd, out of a maximum of 5, to Aanjaneya Lifecare's (ALL) proposed initial public offering (IPO) of 5,000,000 equity shares.
Private equity firm Milestone Capital has withdrawn its draft red herring prospectus, which it had filed with SEBI for its initial public offering.
Fineotex Chemical's (FCL) initial public offering of 42,11,160 equity shares for cash at a premium by 100% book building route has opened for subscription today.
Sudar Garments' IPO was subscribed 55% so far, according to NSE website. The company received total bids for over 50 lakh equity shares as against 90.88 lakh shares on offer in the price band of Rs 72 to Rs 77 a share.
SKIL Infrastructure plans to raise about Rs 1,800 crore – Rs 2,200 crore through a private placement and an IPO.
Retail investors looking to invest in ONGC follow-on public offer (FPO) can look forward to a discount of 5%.
MLR Securities has come out with it reports on Sudar Garments IPO. The research firm has recommended investors to AVOID the issue.
Bangalore-based IT service provider Acropetal Technologies' Rs 170 crore initial public offering (IPO) opened for subscription on Monday.
Sudar Garments Limited, engaged in the manufacturing of garments for Mens wear, Womens wear and Kids wear, open for subscription today on (February 21, 2011) with a public issue of 90,88,000 Equity shares of Rs 10 each through 100% book building process.
Bangalore based IT services provider Acropetal Technologies' Rs 170 crore initial public offering (IPO) open for subscription today.
State-run Steel Authority of India's planned share sale has been put off to next fiscal year, which begins in April, Steel Minister Beni Prasad Verma said on Friday.
Steel Authority of India (SAIL) on Thursday said it will attempt to launch the Rs 8,000-crore follow-on public offer before the fiscal-end though submission of prospectus within February seems to be a difficult proposition.
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.