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

Book publisher S. Chand's $114 million IPO fully subscribed

MUMBAI - Indian book publisher S. Chand & Co Ltd's initial public offering of shares to raise 7.3 billion rupees ($114 million) was fully subscribed on the second day of the sale on Thursday, stock exchange data showed.

The IPO had been subscribed 1.48 times as of 1:00 p.m. (0730 GMT), according to data from the National Stock Exchange.

S.Chand is se

Stricter monitoring of IPO proceeds by small firms: Sebi

To check any misuse of funds raised through public offers, Sebi made it mandatory for companies raising over Rs 100 crore via share sale to appoint a monitoring agency to keep tab on use of the capital, reported PTI. Under the present norms, such a monitoring agency -- which could be a bank or a public financial institution -- is required to be appointed only by the companies raising more than

Cochin Shipyard, Prataap Snacks, Tejas get Sebi go-ahead for IPO

As many as three firms -- Cochin Shipyard, Prataap Snacks and Tejas Networks -- have received markets regulator Sebi's approval to raise an estimated over Rs 2,300 crore through initial public offerings, reported PTI.

The three companies had filed their draft red herring prospectus (DRHP) with Sebi between September and March and received 'observations' from the regulator

India's IRB InvIT Fund seeks up to $724 million in IPO

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

IPO proceeds will be used to reduce debt by 75%: S Chand

S Chand plans to repay loans worth Rs 255 crore from its IPO opening on April 26, that would reduce its debt burden by 75 per cent, reported PTI. The IPO comprises fresh issue of shares worth Rs 325 crore in addition to Rs 403 crore of offer for sale at the higher band of Rs 670.

The total size of the IPO will be about Rs 728 crore at the higher band. The repayment will partially incl

SME IPOs catch investors eye, raise Rs 811 cr in FY17

Small and medium enterprises (SMEs) raised a staggering Rs 811 crore through initial public offerings in 2016-17, more than two-fold jump from the preceding fiscal, reported PTI. The huge fund-raising can be attributed to reforms and initiatives taken by the government to encourage the SME sector. Funds raised through the issue were used for business expansion plans, working capital requirement

NSE IPO: The most eagerly awaited show after 'Baahubali-2'

While movie lovers are hotly debating as to why Kattappa killed Baahubali, stock market investors appear to be eagerly looking forward to the big ticket Rs 10,000 crore-plus IPO of the National Stock Exchange (NSE).

"An IPO launch is typically much akin to the making of a Bollywood movie, involving story, script, drama, distribution and pre-launch build up," said Arun Kejriw

Subscribe On S Chand & Company Ltd -  LKP Sec

S Chand & Company (S Chand) is one of India’s leading Indian education content companies and has nearly 7 decades of experience in delivering content, solution & services throughout the K-12, higher education & early learning segments. It is a leading K - 12 education content provider in terms of revenue and has a strong presence in the CBSE / ICSE affiliated schools & inc

NALCO offer of sale oversubscribed over three times

State-run National Aluminium Company offer for sale (OFS), got overwhelming response from investors with the retail portion subscribed 3.17 times on the second and last day of the offer on Thursday, the government announced.

Institutional investors had bid 1.84 times on Wednesday.

"The central government has successfully divested 9.2 per cent of paid-up capital in Natio

S Chand sets IPO price band at Rs 660-670

S Chand and Company fixed a price band of Rs 660-670 per shares for its initial public offering opening on April 26, reported PTI. The IPO comprises fresh issuance of shares worth Rs 325 crore and an offer for sale of 6,023,236 scrips by the existing shareholders, the company said in a statement.

At the upper end of the price band, the public issue is expected to fetch Rs 728.55 crore

Finance Ministry looking for merchant bankers for RITES, RVNL listing

The Finance Ministry is scouting for merchant bankers to manage the initial public offer (IPO) of two rail engineering firms RITES and RVNL, reported PTI.

They are among the 5 railway PSUs cleared for listing by the Union Cabinet last week in which the government holds 100 per cent stake. IRCON, Indian Railway Finance Corp (IRFC) and Indian Railway Catering and Tourism Corporation Ltd

Capacit’e Infraprojects files for Rs 400-cr IPO

Capacit’e Infraprojects Ltd, a real estate construction company, has filed Draft Red Herring Prospectus (DRHP) with markets regulator SEBI, planning to raise Rs. 400 crore through an Initial Public Offering (IPO), reported PTI. The issue will be on book-building basis and the price band to be decided later.

The company will use the IPO proceeds for working capital requirements,

Most newly listed firms yielded positive returns to investors

Four out of the five firms which got listed this year are trading above their issue price, giving smart returns of up to two-times to investors, helped by positive broader market sentiment, reported PTI. So far this year, five companies have launched their IPOs.

Out of this, four have yielded positive returns against the price at which they had issued shares to investors, an analysis

Yext announces pricing of initial public offering

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

IPO fever ahead: Government identifies 6 PSUs to list on bourses

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

HAL IPO likely to hit market by the end of August

Hindustan Aeronautics Ltd (HAL) plans to hit the market with an initial public offering by the end of August, said the media reports. Earlier, the company had planned to hit the market by 2016-end along with 10 per cent government stake sale.

The company has capex plans for Rs 800 crore and has a net worth of Rs 17.12 lakh crore. Its profit after tax stood at Rs 2,388 crore. The gover

12/04/2017 12:03:01 PM | Posted in Broking Firm Views read full news
India active IPO market; 26 firms raise $619 mn in Q1: EY

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

Cochin Shipyard files papers for Rs 1,400-1,500 cr IPO

Cochin Shipyard has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 1,400-1,500 crore through an initial public offering, reported PTI. The company - the largest public sector shipyard in India in terms of dock capacity - caters to the defence sector as well as commercial sector worldwide. The initial public offer (IPO) comprises fresh issuance of 22,656,000 equi

Apex Frozen Foods files DRHP with Sebi

Apex Frozen Foods Ltd. has filed the DRHP with the market regulator for a public issue of 87, 00,000 equity shares of face value of Rs 10 each, said the media reports.

The offer will comprise a fresh issue of 72, 50,000 equity shares and an offer for sale (OFS) of up to 7, 25,000 by promoters, Karuturi Satyanarayana Murthy and Karuturi Padmavathi each. The Equity Shares offered are pr

MAS Financial Services files Rs 550-cr IPO papers with Sebi

MAS Financial Services filed draft papers with capital markets regulator Sebi to raise an estimated Rs 550 crore through initial public offering, reported PTI. The Gujarat-based non-banking financial company (NBFC) has been operating for more than two decades and has a presence across six states and the NCT of Delhi.

The initial public offer (IPO) comprises the fresh issue of shares w

Shankara Building to list shares today

Shankara Building Products, which recently concluded its Rs 350-crore initial public offer, will list its shares on the stock exchanges on April 5, reported PTI. The IPO, from March 22-24, was subscribed 41.60 times. The price band was fixed at Rs 440-460 per share.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 51.62 times while that for the non- insti

Snapdeal sounds out SBI Caps, Kotak Capital, 3 others for 2019 IPO

Snapdeal has sounded out five merchant bankers, including SBI Caps and Kotak Mahindra Capital, to work on a public offer that is likely to hit the market in the second half of 2019, reported PTI. The third largest marketplace majority owned by Japanese giant SoftBank has also reportedly appointed Swiss investment banking major Credit Suisse as a special advisor for the share sale, people aware

CL Educate to list its shares today

CL Educate, which had completed its initial public offer (IPO) last week, will make stock market debut today, reported PTI. The company’s IPO was oversubscribed 1.90 times, with qualified institutional buyers (QIBs) category getting oversubscribed 3.65 times and retail investors 1.63 times. The ‘non-institutional investor’ portion was subscribed only 21 per cent.

CL