The MCA said promoters of Zen Shaving had siphoned out the money they had received through an IPO issue.
The concept of margin of safety, articulated by the father of value investing Benjamin Graham, has not lost its relevance even after 90 years of being first proposed.
The Centre also approved a hike in MSP for Copra, the Coastal Regulation Zone Notification 2018 and setting up of National Commission for Homeopathy.
At the BSE and the National Stock Exchange, there were only two IPOs in fourth quarter of this calendar year, compared with nine and three in fourth quarter of 2017 and third quarter of 2018, respectively, said EY India IPO Trends: Q4 2018 report.
Shriram Properties, part of the Shriram Group, is a leading residential real estate development company in South India, primarily focused on the mid-market and affordable housing categories.
A spokesman for the firm confirmed it had raised around 2.65 trillion yen ($23.5 billion) via the unit's IPO, making it Japan's largest and the biggest globally since Alibaba went public in 2014.
In the future, analysts believe investors will be more careful while betting on NBFC IPOs
Chairman Ajay Tyagi said Sebi has given go ahead to initial public offers (IPOs) worth over Rs 60,000 crore in 2018, but many of them are yet to hit the street. Till end October, 24 companies raised Rs 30,959 crore through IPOs but most this been in the March quarter.
The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO), obtained Sebi's observations on December 14, latest data with the capital markets watchdog showed.
The issue, scheduled to stay open from December 18 to 20, will be at a price band of Rs 95 to Rs 100 per equity share with face value of Rs 10 each.
JSW Cement is on an aggressive expansion plan to take annual installed capacity to 20 million tonne by 2020 from the present 12.8 mt, which will reach 14 mt by March 2019.
While Uber’s valuation is primarily linked to how well it sold its vision and growth prospects to its investors so far, its gross billing which comes from the total number of rides it completes also matters.
The company, which had filed IPO papers with the capital markets watchdog in August, obtained its "observations" on December 7, as per the latest update with SEBI.
That makes the IPO one of the largest of all time globally, just shy of the record $25 billion that Chinese e-commerce firm Alibaba Group Holding Ltd raised in 2014 at the current exchange rate.
The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC.
Neccon Power and Flair Writing filed their IPO papers with SEBI in September and obtained the regulator's 'observations' on November 29 and November 30 respectively
Crystal Crop Protection also plans to launch its IPO to raise an estimated Rs 1,000 crore. This acquisition from Syngenta will enhance Crystal's penetration in the pulses, cotton, rice, wheat, vegetable and grapes markets in India, Crystal Crop said in a statement.
With this, the total companies getting clearance from SEBI to launch IPO has reached 73 so far this year.
NHAI has filed papers for "public issue of taxable, secured redeemable non convertible bonds in the nature of debentures upto Rs 10,000 crore".
The two firms had filed their draft papers with the regulator in August seeking its go ahead to float initial public offers.
The unit, SoftBank Corp, will list on the Tokyo Stock Exchange on December 19, the filing with the Ministry of Finance showed on Monday.
The initial share sale comprises fresh issuance of shares aggregating up to Rs 70 crore and an offer for sale of up to Rs 29 lakh by the company's promoters, according to the draft red herring prospectus (DRHP) filed with Sebi.
The insurer, which had approached the regulator in July seeking its clearance to launch IPO, obtained Sebi's "observations" on November 2, as per the latest update with the market watchdog.
The IPO comprises fresh issuance of shares worth up to Rs 1,300 crore, besides, an offer for sale of up to Rs 250 crore by company's promoter PR Cement Holdings, according to the draft red herring prospectus (DRHP) filed with Sebi.
The company, which had filed its draft papers with Sebi in August seeking its clearance to float an initial share-sale, obtained its "observations" on October 26, latest update with the markets watchdog showed.