Astron Paper to raise Rs 70 cr through IPO

Astron Paper and Board Mill said it has fixed price band between Rs 45 and Rs 50 per equity share for its proposed initial public offer (IPO) to raise Rs 70 crore, reported PTI. The IPO comprises of an offering up to 140,00,000 equity shares of face value of Rs 10 each of the company. The issue opens on December 15 and closes on December 20.

The company has a manufacturing facility in

Future Supply Chain fixes Rs 660-664 price-band for IPO

The Future Group's logistics arm, Future Supply Chain Solutions, has fixed a price band of Rs 660-664 for its Rs 650-crore initial public offering (IPO) that opens on December 6, reported PTI. The issue, which is a mix of fresh issuance of shares by promoters--Future Enterprises--which will lead to a dilution of 4.43 per cent of their stake, as well as an offer-for-sale by private equity in

GDP growth of Q2 may go up further: Hasmukh Adhia

Finance Secretary Hasmukh Adhia has said that there may be an underestimation in the second quarter GDP growth rate figure of 6.3 per cent, which could go up further after the real picture about the indirect taxes becomes clear. Commenting on the issue, Finance Secretary Hasmukh Adhia told the media, “Even the Chief Statistician "was not too sure" whether this is the final numbe

Newgen Software gets Sebi`s go-ahead for IPO

Newgen Software Technologies received Sebi's go-ahead to float initial public offerings, latest update with the markets regulator showed, said the media reports. Newgen obtained Sebi's "observations" on November 17. The firm had filed its draft papers with the regulator in September. Going by the draft papers, Newgen's IPO comprises fresh issue of shares aggregating up to

Apollo Microsystems gets Sebi`s go-ahead for IPO

Apollo Microsystems received Sebi's go-ahead to float initial public offerings, latest update with the markets regulator showed, said the media reports. Apollo Microsystems obtained Sebi's "observations" on November 13. The firm had filed its draft papers with the regulator in September.

The public issue of Apollo Microsystems comprises sale of equity shares aggregat

New India Assurance`s $1.5 billion IPO covered 1.2 times by subscriptions: data

MUMBAI  - State-run New India Assurance Co Ltd's initial public offering of shares to raise 96 billion rupees ($1.49 billion) was covered 1.2 times by subscriptions on the last day of the sale, showing relatively weak demand in what has been a record year for IPOs in the country.

Stock exchange data showed institutional investors bid for 2.34 times the number

India raises $1.5 bln in IPO of reinsurer GIC Re

MUMBAI  - The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation's top reinsurer, in the country's biggest listing in seven years.

The funds could be critical at a time when the government is looking to boost spending to help counter the slowest ec

Globalstar completes public offering of voting common stock

Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, governments and consumers, on Wednesday said that it has completed the sale of its previously announced public offering of 73,365,231 shares of voting common stock.

The aggregate net proceeds to Globalstar from the offering are approximately USD 114.8 million, after deducting underwriting d