According to PRIME Database, there are nine companies with active buyback programmes of Rs 8,605 crore. Among these, Infosys's share repurchase programme is the biggest at Rs 8,260 crore.
LIC's $2.7-billion initial public offering (IPO) shall be the fifth-biggest globally in CY22. South Korean EV battery maker LG Energy Solution holds the record for the year's largest IPO at $10.8 billion, while Chinese mobile communications provider China Mobile IPO, which raised $8.6 billion, comes second. Dubai Electricity and Water Authority's (DEWA's) $6.1-billion IPO in March is currently the third biggest public offering for the year, followed by China National Offshore Oil Corporation's (CNOOC's) IPO; the firm had raised $5.1 billion by issuing shares in Mainland China after delisting from the American bourses.
The mega real estate loan scam could delay the initial public offers of over half a dozen real estate developers because of poor investor sentiment, said bankers and analysts tracking the sector.
The Tata Tech IPO will be the first from the Tata group since TCS listed its shares in 2004.
The Securities and Exchange Board of India's (Sebi's) proposal to re-introduce "hard underwriting" is seen as step to boost India's moribund initial public offering (IPO) markets. The regulator has proposed that in case an IPO fails to garner full subscription, the investment banker or a third-party can buy the unsubscribed shares. This practice was common during fixed-price issues prior to 1999. However, under the new book building regime, underwriting is allowed only to the extent of shortfall due to technical rejection of bids - this is referred to as "soft underwriting" and is rarely invoked.
According to a report by Prime Database, ". . . fiscal 2011-12 witnessed a mobilisation through corporate bonds on private placement basis of Rs 2,51,437 crore (Rs 2,514.37 billion) , significantly higher than the preceding year's mobilisation of Rs 1,92,225 crore (Rs 1,922.25 billion)."
The euro zone crisis could trip the fundraising plans of Indian companies at home and abroad and dent confidence, while euro's weakness will hurt exporters selling in the currency.
The success of recent IPOs and the stability in the secondary market are propelling many firms and investment bankers to remove their IPO plans.
Indian companies have raised over Rs 3.13 lakh crore up to September, excluding foreign currency convertible bonds (FCCBs) and external commercial borrowings in September. This is close to the cumulative Rs 3.14 lakh crore raised in 2009.Inc's highest fund mobilisation was in 2007, when it mopped up over Rs 3.20 lakh crore.
At least 12 companies have announced plans to raise capital through public sale of bonds.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
Real estate companies appear to be the worst hit by the ongoing global uncertainties, coupled with the new norms for primary market issuances.
The Central Information Commission's decision to bring stock exchanges within the purview of Right to Information Act will keep the bourses on high alert and ensure that necessary information is made available to public in cases of manipulation.
In terms of the number of rights issues, the fiscal saw only 16 companies adopt the route to raise funds, 33 per cent lower than the previous fiscal, which saw 24 issues.
More than seven of 10 independent directors sitting on the boards of listed companies to improve corporate governance are "home" members, while only few women make it to such positions, says a study.
The 21 entities, which hit the market with their initial public offers, have raised as much as Rs 19,000 crore (Rs 190 billion), the highest ever in any year, according to primary market tracking firm Prime Database.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
ICICI Securities (I-Sec) has topped the Prime Database league table for money raised through initial and follow-on public offerings (IPOs/FPOs). Besides being No.1 in IPO transactions this year, the category-1 merchant banker is working on a lot of private equity transactions.
In ITC, LIC has invested Rs 38,358.66 crore, according to Capitaline data.
The success of the DLF initial public offer might give more confidence to realty companies.
The Securities and Exchange Board of India (Sebi) has cleared the draft red herring prospectus (DRHP) of the state-owned Life Insurance Corporation of India (LIC). According to investment banking sources, the so-called final observations were issued by the market regulator on Tuesday evening. Following the market regulator's nod to the IPO papers, the insurer can launch its share sale. However, LIC may not launch its IPO immediately given the current volatile market conditions.
Fresh capital raised by companies by way of initial public offerings (IPOs) is set to hit a 14-year high, thanks mainly to Zomato's maiden offering. India Inc has raised about Rs 19,300 crore in fresh capital by maiden offerings, including the Rs 9,000 crore the food delivery company will raise this week, so far in 2021. The best year in terms of fresh fund-raise was 2007, when companies had raised Rs 32,102 crore. With Paytm planning to issue fresh shares worth Rs 12,000 crore, the domestic market looks set to surpass that tally this year.
In spite of burgeoning initial public offerings, fund mobilisation by Indian companies through debt and equity issues in the year grew only 14 per cent, against close to 40 per cent in each of the earlier three financial years.
"The impact of Sebi action will be positive for retail investors as they will get greater allocation in IPOs," Prithvi Haldea of Prime Database told PTI.
Companies that have a net worth of at least Rs 500 crore, a turnover of Rs 1,000 crore or a net profit of Rs 5 crore are required to spend 2 per cent of their net profits on corporate social responsibility programmes.
The filing of offer documents with the capital markets regulator - Securities and Exchange Board of India - has more than halved this financial year (2022-23, or FY23) as the outlook for new share sales has worsened, following correction in the secondary market. So far in FY23, 66 companies filed their draft red herring prospectus (DRHP), as opposed to 144 in the preceding financial year (2021-22, or FY22).
India Inc may be on a mad rush to pick up independent directors, but there is a long queue of professionals waiting to take up the challenging job. \nAs many as 2,738 professionals, including high profile IIM, IISc and IIT graduates, have enrolled th
Investors should not feel jittery over the stock market fall as it would only bring more sanity into issue pricing, according to an expert on the primary market.
Keeping pace with the strong economic growth, Indian companies are set to raise a record Rs 45,000 crore (Rs 450 billion) through public offer of shares in 2006 as they expand both domestically and globally.
Retail investors-those investing up to Rs 200,000-lapped up all the four initial public offerings (IPOs) that opened for subscription on Wednesday. This is the first time since 2007 that four IPOs have been launched on a single day, according to information provided by Prime Database. KFC and Pizza Hut franchisee Devyani International (size Rs 1,838 crore); Diagnostic chains Krsnaa Diagnostics (Rs 1,213 crore), pharmaceutical firm Windlas Biotech (Rs 401 crore) and vitrified tiles manufacturer Exxaro Tiles (Rs 161 crore) are the four companies whose IPOs opened on Wednesday.
India Inc raised Rs 47,720 crore (Rs 477.20 billion) through various debt instruments during the first six months of the fiscal 2004-05 even as central public sector undertakings lagged behind the private sector and state-level undertakings in the re
India has been rejecting China renaming places in Arunachal Pradesh, asserting that the state is an integral part of the country and assigning "invented" names does not alter this reality.
All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.
Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule
