Shalby Hospitals files IPO papers with Sebi

Shalby Hospitals has filed draft paper with capital markets regulator Sebi to float an initial public offering, reported PTI. The public issue comprise fresh sale of shares worth Rs 580 crore besides an offer for sale of 10 lakh shares by promoter Vikram Shah, according to draft red herring prospectus (DRHP).

Proceeds of the initial public offer (IPO) will be utilised towards repaymen

Delivery Hero says prepared for IPO as revenues grow

BERLIN- Online food takeaway firm Delivery Hero is ready to sell shares in an initial public offering when the time is right, the chief executive of one of Europe's biggest start-ups said on Tuesday.

Chief Executive Niklas Ostberg made the comments after Delivery Hero said first-quarter revenue rose 68 percent on a like-for-like basis to 121 million euros ($136 mi

India could invest in Aramco IPO to strengthen ties

By Dmitry Zhdannikov and Ernest Scheyder

VIENNA  - India said on Monday its state refiners could become cornerstone investors in Saudi Aramco when it floats its shares next year, as New Delhi seeks to strengthen ties with the world's largest oil producer.

Oil minister Dharmendra Pradhan told Reuters the purchase of a stake in Aramco could be part of

GTPL Hathway gets Sebi's go-ahead for IPO

GTPL Hathway, which offers cable TV and broadband services, has received capital markets regulator Sebi's approval to float an initial public offering, reported PTI. The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in December and received 'observations' from the regulator on May 12, which is necessary for any firm to launch a public offer. G

Apex Frozen gets Sebi go-ahead for IPO

Apex Frozen Ltd has received capital market regulator Sebi's approval to float an initial public offering, reported PTI. The company had filed draft papers with the Securities and Exchange Board of India (Sebi) in March and got "observations" from the regulator on April 11, which is imperative for any firm to launch public offer, as per the latest update.

The initial off

India Grid Trust up to $347 million IPO gets fully subscribed

MUMBAI  India Grid Trust's initial public offering to raise up to 22.5 billion rupees ($347 million) was 1.35 times subscribed on Friday, the last day of the sale, stock exchange data showed.

Investors bid for about 170 million shares, compared with about 126 million shares on offer, according to data from the National Stock Exchange.

India Grid is

PSP Projects IPO subscribed 27% on Day 2

The initial public offering of construction firm PSP Projects was subscribed 27 per cent on the second day of the three days of bidding, reported PTI. The IPO received bids for 14,79,940 shares against the total issue size of 55,44,000 shares, data available with the NSE showed.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 4 per cent and non institutio

PSP Projects IPO subscribed 11% on Day 1

The initial public offering of construction firm PSP Projects was subscribed 11 per cent on the first day of bidding, reported PTI. The offer received bids for 6,12,150 shares against the total issue size of 55,44,000 shares, data available with the NSE showed.

The category reserved for non-institutional investors was subscribed 15 per cent and retail investors 38 per cent. PSP Projec

PSP Projects raises Rs 95 cr from anchor investors

Construction firm PSP Projects raised a little over Rs 95 crore from anchor investors ahead of its initial public offering opening today, reported PTI. The company has alloted 45,36,000 equity shares at Rs 210 apiece aggregating to Rs 95.25 crore to nine anchor investors, PSP Projects said in a statement.

The anchor investors include Reliance Mutual Fund, SBI MF, Axis MF, Sundaram MF

India Grid Trust InvIT IPO to open from Wednesday

The initial public offer of India Grid Trust to raise Rs 2,250 crore will open for bidding from Wednesday, reported PTI. The IPO, the second in infrastructure investment trust (InvIT) segment, will open on May 17 and close on May 19. It commands a price band of Rs 98-100 per unit. IndiGrid is an infrastructure investment trust established to own inter-state power transmission assets in India.

Hudco's IPO oversubscribed more than 79 times

The government on Friday reported a healthy response to Hudco's initial public offering (IPO) which was oversubscribed by more than 79 times.

According to the Ministry of Finance, bids worth Rs 97,000 crore were received for an issue size of Rs 1,200 crore. 

"This is the highest level of oversubscription witnessed in a divestment by government of Indi

SBI Life set to hire eight banks for up to $1 billion IPO

MUMBAI   SBI Life Insurance Co Ltd is set to hire eight banks including Citigroup, Deutsche Bank and BNP Paribas to manage its up to $1 billion initial public offering of shares, IFR reported on Friday, citing three sources with knowledge of the deal.

The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, I

HUDCO IPO oversubscribed 79.49 times on final day of offer

The initial public offer (IPO) of state -owned Housing and Urban Development Corporation (HUDCO), which has seen a robust investor demand, was oversubscribed 79.49 times on the final day of offer, reported PTI.

The IPO to raise Rs 1,224 crore received bids for 16,22,12,70,600 shares against the total issue size of 20,40,58,747 shares, data available with the NSE showed. The category r

Matrimony.Com files draft papers with Sebi for Rs 350-cr IPO

Matrimony.Com, which runs online match making business under 'BharatMatrimony' brand, today filed draft papers with markets regulator Sebi to raise an estimated Rs 350 crore through an IPO, reported PTI.

The initial public offer (IPO) consists of a fresh issue aggregating up to Rs 130 crore and an offer for sale of up to 3,767,254 equity shares. Proceeds from the issue will be

HUDCO IPO oversubscribed 3 times on Day 2

The initial public offer of state-owned HUDCO was oversubscribed 3 times on the second day of offer, reported PTI. The IPO received bids for 61,39,95,600 shares against the total issue size of 20,40,58,747 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.96 times and non institutional investors 94 per cent

Grid infra investment trust's $348 million IPO to open May 17

MUMBAI   India Grid Trust's initial public offering of up to 22.5 billion rupees ($348 million) will be open from May 17-19, according to a regulatory filing, in what would be the country's second listing by a infrastructure investment trust.

India Grid Trust has set a price range of 98 rupees to 100 rupees per share for the IPO, IFR, a Thomson Reute

HUDCO IPO to raise up to $189 million fully subscribed

MUMBAI  Indian state-run Housing and Urban Development Corp Ltd's (HUDCO) initial public offering of shares to raise up to 12.2 billion rupees ($189 million) was fully subscribed on the second day of the sale on Tuesday, stock exchange data showed.

The government, which fully owns HUDCO, is selling an about 10 percent stake in a price range of 56 to 60 rupees

S Chand to make stock market debut today

S Chand and Company, which successfully closed its initial public offer (IPO) late last month, will make its stock market debut today, reported PTI.

The IPO saw solid investor demand and was oversubscribed 59.49 times. The portion of Qualified Institutional Buyers (QIBs) was oversubscribed 44.27 times and that of non- institutional investors, a staggering 204.65 times.

Retai

NSE introduces new filing mechanism on electronic platform

NSE has set up a seamless announcement filing mechanism to provide information to investors without any loss of time, reported PTI.

The announcements filed by listed companies under the new system will be disseminated directly on the NSE website without the exchange's intervention. This would help in instantaneous dissemination of corporate announcements. The new mechanism has com

IRB InvIT Fund $782 million IPO subscribed 8.6 times

MUMBAI- An initial public offering of shares in India's IRB InvIT Fund to raise 50.33 billion rupees ($782 million) was subscribed 8.6 times on the closing day of the sale on Friday, in what was the country's first infrastructure investment fund IPO.

Investors bid for 2.15 billion shares, compared with 251 million shares on offer, according to stock exchange d

IRB InvIT Fund IPO subscribed 62% on Day 2

The initial public offer of IRB InvIT Fund was subscribed 62 per cent on the second day of the three-day bidding process, reported PTI. The offer received bids for more than 15.5 crore shares against the total issue size of over 25 crore shares, as per NSE's data. Institutional Investors' portion was subscribed 49 per cent and other investors 77 per cent. IRB InvIT Fund on Tuesday raise

RInfra files revised InvIT IPO file with lower fund target

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

Mahindras plan IPO or strategic sale in logistics arm in FY19

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

S Chand IPO oversubscribed 1.96 times on Day 2

The initial public offering of textbook publisher S Chand and Company was oversubscribed 1.96 times on the second day of the offer, reported PTI. The IPO received bids for 1,50,41,466 shares against the total issue size of 76,85,284 shares, data available with the NSE showed. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.68 times, while that for non- insti

HUDCO sets price range for up to $191 mln IPO

Housing and Urban Development Corp Ltd (HUDCO) on Thursday set the price range for its initial public offering, the first by a state-run company in five years, to raise up to 12.2 billion rupees ($191 million).

The Indian government, which fully owns the housing and urban infrastructure projects lender, plans to sell about 204.1 million shares, or just over a tenth of its stake, in a