Bombay Stock Exchange (BSE) Asia’s oldest stock exchange has received market regulator Securities and Exchange Board of India (SEBI)’s green signal for its initial public offering (IPO), as per the regulator’s website.
Lauras Lab is coming up with an IPO from December 6 – December 8, 2016 with price band of Rs 426- Rs 428 for face value of Rs 10 per share. This IPO is a mix of fresh issue and offer for sale.
Sheela Foam is coming up with an IPO from November 29- December 1, 2016 in the price band of Rs 680- Rs 730 per piece for the face value of Rs 5.
Chennai based, GreenSignal Bio Pharma is coming up with an IPO from November 9 – November 11 ,2016 to raise around Rs 116 crore through an offer for sale.
PNB Housing Finance will hit the markets with an initial public offer from October 25 to October 27,2016. This will be the second largest IPO after ICICI Prudential Life Insurance of 2016.
After GNA Axles the next auto ancillary in the IPO run is – Endurance Technologies. The issue is an offer for sale (OFS). In this offer for sale company will issue 24,613,024 equity shares of face value Rs 10 in the price band of Rs 467- 472 .
Valiant Organics is going to raise around Rs 21.23 crore through offer for sale in this IPO. The company is issuing 9,64,800 equity shares in offer for sale for fixed price of Rs 220 a piece of face value Rs 10 per share. The company will trade under SME platform of BSE.
New Delhi based HPL Electric and Power Ltd., has opened its IPO from September 22 – 26, 2016. The company is seeking to raise Rs 450 crore through public issue by selling 1.44 crore equity shares in the price band of Rs 175-202 a piece for face value of Rs 10 per share.
Subsidiary of ICICI Bank, ICICI Prudential Life Insurance will open its public offer from September 19 – September 21, 2016 with face value of Rs 10 per share. ICICI Bank is selling 12.65 per cent of stake out of 68 per cent stake in this offer for sale.
L&T Technology Services Ltd., a subsidiary of L&T has opened its public offer from September 12, 2016 to September 15, 2016. Company is issuing 10,400,000 shares under offer for sale of face value Rs 2 in the price band of Rs 850- Rs 860 per share.
Jagran Prakashan’s subsidiary, Music Broadcast (MBL), has received an approval for its IPO’s red herring prospectus filed with the Securities Exchange Board of India (SEBI), on February 23.
Indian capital markets is attracting more companies to raise funds from small and medium enterprise (SME) platform. There are three companies which will garner funds from SME. Nitiraj Engineers, Global Education and Tanvi Foods will come out with their initial public offerings (IPOs) in February, 2017.
Genesis Colors Private Limited, which owns luxury brands like Satya Paul and Bwitch, has received an approval to raise an estimated Rs 650 crore through an initial public offering (IPO).
To increase the oil and natural gas production and reduce dependency on imports, the government-owned Oil and Natural Gas Corporation will invest Rs 7327 crore in development of R-series fields. ONGC’s plan of investment is in line with government’s aim to increase public investment for stimulating the economy.
Radhakishan Damani-promoted Avenue Supermarts, which owns retail chain major D-Mart, is making all the buzz in the grey markets as it is quoting at a premium of Rs 175-180 over the expected issue price.
Swiss-Swedish power equipment and robotics company ABB Ltd will transfer new smart-grid technologies to its Indian arm and ramp up local production to make the country an export hub for high-end power transmission systems and microgrids.
The Infosys board is considering share buyback plan of USD 2.5 billion (Rs 1660 crore) in April 2017. Its competitor TCS has already announced a share buyback worth Rs 16,000 crore in the second week of February.
Maruti Suzuki India Ltd (MSIL) has successfully tested for pedestrian, full frontal and offset-frontal crash safety on five of its popular models – Baleno, Ciaz, Ignis, Brezza and S-Cross.
Moody's Investors Service has reckoned India to be the fastest growing economy in 2017, leaving behind other G-20 countries such as the US, Germany, and others.
The early arrival of summer this time has not really gone well with many as several being handed over pink slips by their organisations and the list comprises of start-ups to e-commerce majors to IT giants.
The growing deficit of edible oil and the large amount of imports of the the degummed soya oil between the year 2015 and 2016 has led the markets regulator, the Securities and Exchange Board of India (SEBI) to allow futures trading of the degummed soya oil.
Country’s third largest lender Axis Bank CEO Shikha Sharma denied any approaches for a possible merger. Contrary to the speculations in the markets, Sharma in an interview to a leading English business daily, clarified the situation. Dalal Street has been buzz of Axis Bank becoming a potential acquisition target for other private sector banks.
In a snowball effect post demonetisation, thump on the Indian economy has further aggravated the distress in the personal computers market with the size of the market dropping down to 8.58 million units in 2016 from 10.12 million units in 2015.