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

Shalby IPO subscribed 2.8 times on last day

The initial share sale of Shalby Ltd, the Ahmedabad-based multi-specialty hospital chain, was subscribed 2.8 times on the last day of the bidding yesterday, stock exchange data showed. The IPO, which aims to raise Rs 504 crore, received bids for 4,08,66,300 shares against the total issue size of 1,45,21,686 shares - translating into 2.8 times subscription - data available with NSE showed.

Indian hospital operator Shalby`s $79 million IPO subscribed nearly three times

MUMBAI  - Indian hospital operator Shalby Ltd's initial public offering to raise 5.1 billion rupees ($79 million) was subscribed 2.8 times on the last day of the sale on Thursday.

Institutional investors bid for 4.5 times the number of shares reserved for them, while the retail portion was subscribed 2.93 times, data as of 6:00 PM (1230 GMT) showed.

Future Supply Chain raises Rs 195 cr from anchor investors

Future Group's logistics arm Future Supply Chain Solutions said it has garnered Rs 195 crore ahead of its initial share offer that opens today, reported PTI. The company's IPO committee has finalised allocation of over 29.35 lakh equity shares to as many as 16 anchor investors at Rs 664 per scrip, also the upper end of the price band, Future Supply Chain informed the stock exchanges. At

Shalby garners Rs 150 cr from anchor investors

Shalby Ltd raised over Rs 150 crore from anchor investors, ahead of its initial share-sale, which opens today, reported PTI.. The company's IPO committee has finalised allocation of 60,70,150 equity shares to 11 anchor investors at Rs 248 apiece, also the upper price band for the offer, Shalby informed to the stock exchanges.

At this price, the total amount works out to be Rs 150.

Indian companies raise Rs 49,175 cr via IPOs during the ongoing fiscal: Report

Indian companies have raised Rs 49,175 crore in just the first seven months of the current fiscal, a State Bank of India (SBI) research report said on Monday.

According to the Economic Research Department (ERD) in the SBI Corporate Centre, surge in the country's stock markets, along with easing of listing criteria encouraged many firms to hit the equity indices for capital.

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

India`s HDFC AMC gets board approval to start IPO process

The board of HDFC Asset Management Co Ltd on Thursday gave its approval to begin the process for launching an initial public offering (IPO) of India's second-biggest mutual fund manager by assets, according to a stock exchange filing.

Standard Life Aberdeen Plc and mortgage lender Housing Development Finance Corp Ltd will own a minimum 24.99 percent and 50.01 percent, respectively

Srei Equipment Finance files IPO papers with Sebi

Srei Equipment Finance, a subsidiary of Srei Infrastructure Finance, has filed draft papers with markets regulator Sebi to float an initial public offering, reported PTI. The IPO comprises fresh issue of equity shares worth Rs 1,100 crore, besides, Srei Infrastructure Finance will sell up to 43,86,765 shares in an offer for sale, the listed entity said in a regulatory filing to the exchanges.

Shalby to launch Rs 540-cr IPO next week

Hospital operator Shalby Ltd. fixed the price band of Rs 245 to Rs 248 for its forthcoming Rs 504 crore initial public offer (IPO), reported PTI. The issue opens on December 5 and closes on December 7. The offer comprises a fresh issue of equity shares aggregating up to Rs 480 crore and an offer for sale of up to 10,00,000 equity shares by the selling shareholder.

Proceeds of the IPO

India`s Future Supply Chain, Shalby to launch IPOs next week

Indian logistics provider Future Supply Chain Solution's initial public offering (IPO) of shares to raise up to 6.5 billion rupees ($100.9 million) will open next week, adding to what has been a record year for initial share sales in the country.

Griffin Partners and India's Future Enterprises Ltd, shareholders of Future Supply Chain Solutions, will sell up to 9.8 million shar

Sebi seeks clarification on Reliance General Insurance`s IPO

Sebi has sought a clarification from Reliance General Insurance Company, part of Anil Ambani-led Reliance Group, on its proposed initial public offering, the latest update with markets regulator showed as per the PTI report. Without disclosing details of clarifications sought, Sebi has said 'clarifications (are) awaited fro the lead manager on the proposed public issue.

As per the

Mecon plans to go public, eyes profitability next year

State-run consultancy firm Mecon has plans to list its shares as soon as it turns profitable by the next year, a top company official said as per the PTI report. "(Listing) is our priority. We want to become a listed entity... to list our shares in the stock market," Mecon Chairman and Managing Director Atul Bhatt told PTI in a interview.

On being asked about the time-frame

Zodiac Energy`s SME IPO to mobilize Rs 10.14 cr

Zodiac Energy, an energy solutions provider company having experience of more than two decades in majority of verticals of power generations spectrum, is coming out with a maiden IPO of 1950000 equity shares of Rs 10 each at a fixed price of Rs 52 per share to mobilize Rs 10.14 crore. The issue opened for subscription yesterday and will close on November 27.

Minimum application is to

Silver Touch Technologies` SME IPO to raise Rs 40.22 cr

Silver Touch Technologies will make a public offer on the SME platform to raise Rs 40.22 crore, said the media reports.

The company proposes to come with a SME IPO on NSE Emerge platform offering 33.24 lakh shares having face value of Rs 10 at a premium of Rs 111 per share. Minimum lot size for bidding is 1,000 equity shares. The issue opened on November 20, and closes on November 23.

`RINL`s IPO can be considered after it starts making profit'

Union Steel Minister Birender Singh on Tuesday said the much-delayed IPO of Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Vizag Steel, could be taken up after the steel-maker starts making profit, reported PTI. The minister also ruled out the merger talks between RINL and NMDC (National Mineral Development Corporation), another PSU under the steel ministry.

"For R

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

HDFC Life shares buck trend, soar on debut after $1.3 billion IPO

MUMBAI - HDFC Standard Life Insurance Co's shares soared by more than a fifth in their trading debut on Friday after a $1.3 billion initial public offering, bucking a trend of tepid market debuts by Indian insurers due to worries over their valuations.

By 0840 GMT, HDFC Life shares were trading at 352.0 rupees ($5.40), below an earlier high of 369 rupees and compa

Top investor Rakesh Jhunjhunwala says steering away from Indian IPOs

MUMBAI - Major Indian share investor Rakesh Jhunjhunwala said he is steering clear of all initial public offerings for now as valuations have skyrocketed amid strong inflows and exuberance in equity markets.

India has had a boom in IPOs, with a record $11 billion raised this year. However, high valuations - especially for some recent insurance IPOs - have produced som

Galaxy Surfactants files IPO papers with Sebi

Speciality chemicals manufacturer Galaxy Surfactants has filed draft papers with markets regulator to raise an estimated Rs 1,000 crore through an initial public offer, reported PTI. During the initial share sale, as many as 307 shareholders will sell 63,31,674 shares of the company, according to the draft red herring prospectus (DRHP )filed with Sebi. According to merchant banking sources, the

Khadim India lists at 3% discount

Footwear retailer Khadim India made a quite debut on the Bombay Stock Exchange by listing at Rs 727, down 3 per cent against its initial public offer (IPO) price of Rs 750 per share. The price band has been fixed at Rs 745-750 per share and at the upper end, the public issue would fetch up to Rs 543 crore. The company, which had got overwhelming response for its Rs 543 crore initial public offe

Seven Islands Shipping gets Sebi`s nod for Rs 450-cr IPO

Seven Islands Shipping has received Sebi's go-ahead to raise an estimated Rs 450 crore through an initial public offering, latest update with markets regulator showed, reported PTI. The company had filed draft papers with the Securities and Exchange Board of India (Sebi) in late September and obtained its "observations" on November 10, which is very necessary for any firm to launc

New India Assurance shares slide on market debut after $1.5 billion IPO

MUMBAI  - New India Assurance Co Ltd's shares tumbled 9 percent in their trading debut on Monday after a $1.5 billion initial public offering (IPO), casting a shadow over the government's plans to list three other state-run insurers.

The IPO of the country's top non-life insurer by premium income raised about 96 billion rupees ($1.47 billion) for the

Prince Pipes and Fittings gets Sebis go ahead for IPO

Prince Pipes and Fittings has received Sebis go ahead to raise an estimated Rs 800 crore through an initial public offering, latest update with market regulator showed, reported PTI. The firm had filed draft papers with Sebi in September and obtained its "observations" on November 3, which is very necessary for any company to launch a public offer.

Going by the draft papers,