An unlisted company cannot offer shares to more than 200 investors in the same financial year, except through IPO. Merchant bankers are suggesting workarounds to their investor clients.
Market regulator Sebi has sought fresh clarifications from the merchant banker of Videocon d2h Ltd, the satellite television arm of Videocon Group, regarding its proposed Rs 700-crore initial public offer (IPO).
V-Mart Retail Limited, one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari, has made a Pre-IPO Placement of 1,250,000 Equity Shares of the face value of Rs. 10 each at a price of Rs. 210 per Equity Share.
Mandhana Industries bought 18 lakh shares of recently listed Servalakshmi Papers at Rs 42, a huge premium over listing price