Institutional Placement Programme

Faced with lukewarm retail investor response, the government is mulling stake sale in selected bluechip PSUs, including Oil India and ONGC, by offering shares only to institutional investors.

Fund raising via institutions climbs to Rs 20K cr in H1FY15

In the first six months of 2014-15, funds were garnered through as many as 20 issuance (19 QIPs and 1 IPP) as compared to 13 (3 QIPs and 10 IPPs) in the April-September period of the preceding fiscal.

Alstom T&D up 4% on raising Rs 279 cr via IPP issue

IPP issue was subscribed 2.5 times on support from FIIs and long only funds. Promoters sold 1.69 crore shares through this issue at Rs 165 apiece.

Purvankara plans 10 mn sq feet of launches this fiscal

Last month, Purvankara launched an institutional placement programme or IPP and an offer for sale (OFS) to cut the promoter stake to 75 percent. The group CEO talks about Purvankara's future plans.

Puravankara IPP on Thursday; plans to raise Rs 183 cr

Puravankara Projects will raise Rs 183 crore by offering 2.15 crore equity shares to institutional investors to meet the SEBI's norm of minimum 25 per cent public shareholding in the private sector listed companies by June.

Puravankara Projects IPP issue opens, shares down 6.5%

Institutional placement programme (IPP) issue of Bangalore-based real estate company Puravankara Projects has opened for subscription today and will close tomorrow.

Puravankara to sell upto 2.15 cr shares via IPP route

Puravankara propjects to sell upto 2.15 cr shares via IPP route in order to comply with market regulator SEBI's guidelines of minimum 25 per cent public shareholding

DLF gains over 2% on IPP response

DLF was quoting at Rs 235.75, up Rs 5.45, or 2.37 percent at 11:03 am. It has touched an intraday high of Rs 236.15 and an intraday low of Rs 232.60. The stock gained over 2 percent after a strong response to its Institutional Placement Programme yesterday.

DLF's IPP subscribed twice asking amount

The response to DLF‘s Institutional Placement Programme (IPP), has been understood to be twice the asking amount already. DLF shares have been bought by mostly foreign institutional investors (FII). This institutional placement programme is to pare DLF‘s debt to meet Sebi guidelines of having a 25 percent minimum float by the month of June.

Mahindra Holidays IPP price band fixed at Rs 255-265

Mahindra Holidays & Resorts India Institutional Placement Programme (IPP)of equity shares would open for subscription on April 09, 2013 and close on April 09, 2013.

Puravankara Proj to raise Rs 450 cr via IPP, shares up 3.5%

The Bangalore-based real estate firm Puravankara Projects (PPL) jumped as much as 3.5 percent intraday on Wednesday as the company plans to raise around Rs 450-500 crore through the institutional placement programme or IPP.

DLF approves sale of equity shares, stock gains for 3rd day

Shares of India's biggest real estate company DLF jumped 2 percent on Thursday, continuing with its good run up nearly 10 percent in the last three trading sessions.

Prestige Estates down 2% in early trade on IPP but rebounds

Real estate firm Prestige Estates Projects fell as much as 2.4 percent in initial trade after the company fixed price band at Rs 161-170 for its institutional placement programme (IPP), which is lower than current market price.

Sebi retains 100% upfront margin for OFS

Market regulator Securities and Exchange Board of India or Sebi has decided to continue with 100 percent upfront margin for OFS.

DLF to sell 4.7% stake via IPP route to satisfy Sebi norm

Realty major DLF is looking to sell nearly 8.1 crore shares or 4.7 percent stake via institutional placement programme (IPP) route to meet Sebi's June 2013 deadline of minimum 25 percent float. CNBC-TV18's Nayantara reports.

Godrej Ind's Rs 400 cr IPP issue gets 1.67 times demand

Godrej Industries today successfully completed its Rs 400-crore rights issue through the institutional placement programme (IPP) of 15.67 million shares, which got over-subscribed 1.67 times.

Govt can hit divestment goal with new OFS norm: Kotak Invst

Sebi has relaxed norms for governing offer for sale (OFS) and institutional placement programme (IPP). V Jayasankar of Kotak Investment Banking is happy with the proposed changes saying it will give large and smallcap companies a huge leg up.

SEBI tweaks norms for OFS, IPP

To smoothen the process of disinvestment, capital market regulator SEBI today tweaked norms governing offer for sale (OFS) and institutional placement programme (IPP).

40-50 cos to use OFS/IPP route next year: Kotak Invst

V Jayasankar of Kotak Investment Banking tells CNBC-TV18 that almost 40-50 companies will opt for either the OFS or IPP route to reduce promoter stake in their company.

Why ONGC stake sale flopped? Find out

The much awaited Oil and Natural Gas Corp’s (ONGC) share sale did not live upto the expectation of the government as total bids stood at 29.22 crore against 42.77 crore shares which were up for sale via the auction route.

SEBI amends listing norms: Who gets impacted?

Jagannadham Thununguntla of SMC Global in an interview to CNBC-TV18 shared has views on amendments made by SEBI in the listing agreement.

IPP & OFS Guidelines

SEBI has introduced the Institutional Placement Programme and other amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

IPP: Breather for Capital Markets!

By: Harshita Srivastava & Anil Choudhary, Attorneys, Nishith Desai Associates.

RBS analyses SEBI's new norms on public issues

At the early part of this week, SEBI came out with some new recommendations mostly to get the minimum shareholding norms into place. Brijesh Mehra of RBS says, the intent of SEBI is to facilitate faster execution.