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
BSE is targeting to file draft papers with capital markets regulator Sebi for its much-awaited initial public offer (IPO) by early next month, said the media reports. BSE is looking to raise about Rs 800 crore from its initial share-sale programme, which is expected to be entirely an offer for sale (OFS). As per PTI reports, the exchange plans to file IPO papers with Sebi in early September to
Pattern Energy Group Inc. announced that in connection with the recently completed public offering on August 12, 2016 of its Class A common stock, par value USD 0.01 per share, the underwriters have partially exercised their over-allotment option and purchased today an additional 1,300,000 shares of Class A Common Stock on the same terms and conditions as the Equity Offering. Aggregate gross pr
The initial public offering of private lender RBL Bank pulled off an oversubscription of 3.08 times on the second day of the 3-day issue yesterday, reported PTI. This is the first initial share sale by any private bank in a decade. The IPO received bids for 11,68,63,630 shares against the total issue size of 3,79,01,919 shares, data available with NSE.
The quota reserved for qualified
The National Stock Exchange (NSE) on Tuesday named four banks, including Citigroup and Morgan Stanley, to manage its planned initial public offering of shares next year.
The country's biggest bourse said in June it would file for a domestic initial public offering (IPO) by January 2017, and would also pursue one abroad.
Citigroup Global Markets India, JM Financial Instit
RBL Bank's up to Rs 1,213 crore initial public offering was fully subscribed on the second day of the sale on Monday, stock exchange data showed. Reuters said that as of 11:00 AM, the IPO, the first by an Indian bank since 2010, had received bids for 39.1 million shares, or 1.03 times the 37.9 million shares on offer.
The sale closes on Tuesday. RBL is selling new shares in a pric
Private sector lender RBL Bank's up to 12.13 billion rupees ($182 million) initial public offering was fully subscribed on the second day of the sale on Monday, stock exchange data showed.
As of 11:00 AM (0530 GMT), the IPO, the first by an Indian bank since 2010, had received bids for 39.1 million shares, or 1.03 times the 37.9 million shares on offer. The sale closes on Tuesday.
The board of Hathway Cable & Datacom has approved an IPO proposal for its subsidiary GTPL Hathway Pvt Ltd., said the media report.
The IPO will be done through an issuance of fresh shares and an offer-for-sale by existing shareholders. The company’s board has given its nod to divest up to 90 lakh shares of the subsidiary through an OFS, said the media report. The IPO will be
Southern Company announced that it has priced its previously-announced underwritten public offering of 32.5 million shares of its common stock for gross proceeds of approximately USD 1.6 billion.
Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fu