Reliance Infrastructure has filed revised papers with markets watchdog Sebi for its proposed InvIT Fund IPO, scaling down the issue size to Rs 2,500 crore from Rs 3,000 crore earlier, reported PTI. Sources said RInfra filed the revised offer document or draft red herring prospectus (DRHP) after it could get NHAI permission for only seven of its 11 road assets to the fund as the remaining four a
The diversified Mahindra Group may either list or part sell its logistics arm next fiscal to a foreign partner, a top official said according to the PTI report. "There are certain milestones which will be achieved in 2017-18 and in the next fiscal, we will either come out with an IPO or do a strategic alliance which may involve partnership with an overseas player," Mahindra Logistics
MUMBAI - India's IRB InvIT Fund is seeking to raise as much as 46.5 billion rupees ($723.6 million) in an initial public offering next week, kicking off the first-ever listing of an infrastructure investment trust in the country.
IRB InvIT Fund, which is sponsored by IRB Infrastructure Developers Ltd, plans to rais
Yext, Inc., the Knowledge Engine provider, today announced the pricing of its initial public offering of 10,500,000 shares of its common stock at a public offering price of USD 11.00 per share. The shares are expected to begin trading on the New York Stock Exchange on April 13, 2017, under the symbol "YEXT," and the offering is expected to close on April 19, 2017, subject to customary
The government has identified six profit making PSUs, including four from defence sector, for accessing the capital market in the current fiscal and listing on stock exchanges, reported PTI. The Department of Investment and Public Asset Management (DIPAM) is scouting for merchant bankers and legal advisors to advise the government on the Initial Public Offering (IPO) of MSTC, NEEPCO, Bharat Dyn
India was among the most active IPO markets in the EMEIA (Europe, Middle East, India and Africa) region, with BSE and NSE (national Stock Exchange) registering 26 IPOs worth USD 619 million in first quarter this year, says an EY report as per the PTI. Main boards of the two exchanges together saw four initial share sale offers of USD 573 million. In addition, 24 firms raised USD 46 million from
D-Mart parent, Avenue Supermarts, which recently concluded its Rs 1,870-crore initial public offering, will list its shares on bourses on Tuesday, said the media reports. The price band for the public issue of Avenue Supermarts, the operator of retail chain D-Mart, was fixed at Rs 295-299 and the IPO was open for subscription during March 8-10. Proceeds of the issue would be utilised for variou
MUMBAI - Shares of Music Broadcast Ltd rose as much as 24.6 percent in their trading debut on Friday, after the radio station operator's initial public offering of shares raised $75 million.
Music Broadcast shares were at 397.55 rupees by 0431 GMT on the National Stock Exchange, having risen to as high as 415 rupees, compared with their issue price of 333 rupees.<
Chennai-based, GreenSignal Bio Pharma Ltd, Vaccine manufacturing firm is in the process of coming out with an Intial Public Offer (IPO). It has set the price band at Rs76-80 per equity for its IPO via which it plans to raise around Rs112 crore, according to the Draft Red Herring Prospectus (DRHP) issued. The 100 per cent book building issue will commence on 9 November and will close on 11 Novem
MUMBAI - Indian auto parts maker Endurance Technologies' 11.6 billion rupee ($174 million) initial public offering (IPO) was nearly 44 times oversubscribed on Friday, stock exchange data showed.
The company received bids for 754.3 million shares against 17.2 million on offer, according to data updated as of 0115 GMT.
The shares were being sold in a price
The Jalandhar-based G N A Axles kicked-off trading on the Bombay Stock Exchange on robust note and opened at Rs 248.50 apiece against an issue price of Rs 207, listing at a premium of around 20 per cent. According to PTI report, G N A Axles' Rs 130-crore IPO was oversubscribed nearly 55 times during September 14-16. The company had fixed the price band at Rs 205-207 per share for the offer.
The initial public offer (IPO) of HPL Electric & Power was fully subscribed till afternoon trade on the last day of the bidding today, reported PTI. The IPO received bids for 1,53,74,240 shares as against the total issue size of 1,44,40,001, translating into a subscription of 1.06 times till 1300 hours, latest data available with NSE showed.
The quota reserved for qualified instit
BSE may launch its initial public offer (IPO) by the fourth quarter of this fiscal as it does not anticipate any major hurdles to the issue, media report said. “Since we have filed, we have not yet received any communication seeking any clarification so far from SEBI.
We do not anticipate any major hurdle and expect their approval over the next 60-70 days,” sources involve
MUMBAI - India's ICICI Prudential Life Insurance Co Ltd saw strong demand on Wednesday for its up to $904 million initial public offering, the nation's biggest for six years, with investors putting in orders for more than 10 times the number of shares on offer.
The IPO, the first by an Indian insurer, received bids for about 1.38 billion shares, or 10.4 times
HONG KONG - State-owned Postal Savings Bank of China (PSBC) priced its Hong Kong initial public offering near the bottom of expectations, valuing the deal at $7.4 billion, IFR reported on Wednesday.
The bank, seeking to bolster its balance sheet and fund future lending growth, had originally sought to raise up to $8.1 billion, counting on its network of more than 40,0
he initial public offering of L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), got oversubscribed 2.52 times on the last day of the offer yesterday, reported PTI. The Rs 900-crore IPO, received bids for 1,83,25,536 shares against the total issue size of 72,80,000 shares, data available with the NSE showed.
Qualified institutional buyers (QIBs) quot
Auto components maker GNA Axles' Rs 130-crore IPO was subscribed 64 per cent on the first day of the bidding, reported PTI. The IPO received bids for 28,49,840 shares as against the total issue size of 44,70,000 shares, as per the NSE's data. The non-institutional investors (NII) segment was oversubscribed 1.52 times, while retail investors category got subscribed 67 per cent, media rep
The IPO of L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), was subscribed 18 per cent on the first day of the three-day bidding on Monday, reported PTI. The Rs 900-crore IPO, received bids for 12,94,896 shares against the total issue size of 72,80,000 shares, data available with the NSE showed.
The portion set aside for qualified institutional buy
The Rs 6,000 crore maiden public issue of ICICI Prudential Life Insurance Company, which is a joint venture between banking major ICICI Bank and UK's Prudential Corporation Holdings, is set to open for subscription on September 19, 2016.
This will be the first ever IPO by an insurer in India. The IPO will close on September 21, 2016. The company is aiming to sell up to 18.13 crore
Asia’s oldest bourse, BSE has said that it will soon approach the Sebi to file draft prospectus for the issue.
As per reports, a board meeting was held in Mumbai on Wednesday to review the progress on the IPO plans and to discuss the draft red herring prospectus, which could be filed with Sebi in a few days.
As per reports, shares worth over Rs 1,000 crore could be sol
L&T Technology Services, a unit of construction giant Larsen & Toubro (L&T), has said that it has set the price band of its upcoming initial public offer at Rs 850-860 apiece. As per reports, the 1.04-crore-share issue, which will open on September 12, will help L&T raise up to Rs 894 crore.
As per reports, L&T is selling a 10.2 per cent stake in the engineering, r
Jalandhar-based GNA Axles, which manufactures rear axle shafts for commercial vehicles has said that it plans to raise Rs. 129-130 crore from the primary market. Its IPO will be open from September 14-16. As per reports, the company is putting 63 lakh shares on the block at a price band of Rs. 205-207. The minimum bid lot is 70 shares.
The firm will use the proceeds to buy plant and m
By Rania El Gamal and Alex Lawler
DUBAI/LONDON - Two years after triggering an oil price war, Saudi Arabia has seemingly had enough of cheap crude amid budget pressures, fear of a future supply shortage, and as it seeks to offload a stake in state-owned producer Aramco.
The change in tone comes as OPEC and other producers such as Russia may resume talk
Madhya Bharat Agro Products has said that its IPO has oversubscribed 1.08 times on day 2. Madhya Bharat Agro Products it had launched a Rs 13.84 crore initial public offer (IPO) on August 29.
Hem Securities ltd the biggest merchant banker in the SME IPO segment is the lead manager to the issue of Madhya Bharat Agro Products Ltd. The issue, which oversubscribed 1.08 times, has received
L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), has said that it has received the approval of capital markets regulator Sebi to float an initial public offer.
As per reports, the company, which had filed draft red herring prospectus (DRHP) with Sebi in July, got green signal from the markets regulator on August 24. The public issue comprises an Of