SKS was listed on the local bourses in August 2010 at a 5.6 per cent premium on its issue price of Rs 985. It appeared a bet that could hardly go wrong. Broking firms like Edelweiss Capital, Angel Broking, HDFC Securities and India Infoline had recommended to their clients to buy shares of SKS.
"Higher IPO-graded companies typically tend to operate in higher growth industries, have superior management strengths and follow good corporate governance practices," says Chetan Majithia, head, Crisil Equities.
Companies such as SAIL, ONGC, IOC and Hindustan Copper are waiting to hit the markets.
The government's plan to list state-run telecom major Bharat Sanchar Nigam Ltd will be delayed due to the company's mounting losses and high payout for 3G spectrum.
While listing can be good, success depends on sentiment and performance.
'Valuations were depressed at 8,000 (Nifty 50 index) levels. It was a free ride to 12,000 levels.' 'What went down had to come up. Now fundamentals have to support further gains.'
Most of the top investment banks will be rendered ineligible to manage the coming initial public offering (IPO) of National Building Construction Corp Ltd (NBCC) if the new rules for appointment of advisors are implemented.
On Tuesday, when the Power Finance Corporation (PFC) follow-on public offer (FPO) had opened for subscription, many investors would have been wondering if it was a good time to enter the stock.
Company is also facilitating this growth by playing an active role in reduction of prices of 3G-enabled smartphones.
Oyo has recently undergone large-scale corporate restructuring, setting up several subsidiaries and bifurcating operations globally.
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
The insurer is a venture between banking major ICICI Bank and the UK's Prudential Corporation Holdings. Singapore's Temasek and Premji Invest are also the shareholders.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
After cashing out of the recent stock market rally, investors aren't ploughing their money into just initial public offerings (IPOs), bonds or real estate. The feel-good factor has prompted many of them to splurge on luxury cars, exclusive holidays and designer brands.
After raising Rs 1,600 crore through an initial public offer in August, the Hyderabad-based company on October 4 terminated the services of Gurumani four years ahead of the expiry of contract and named M R Rao as his successor. Gurumani had a five-year contract starting from April 1, 2009.
The Chinese securities regulator on Wednesday gave the go-ahead to the staggering $30-billion issue from the Agricultural Bank of China, which will be the world's largest ever public public float.
The dull overall scenario in the stock market seems to have hit the initial public offers (IPOs). In a first this year, there are no IPOs lined up for this month.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
India's largest initial public offering (IPO), to be floated by Coal India Ltd, is generating enormous interest in the grey market. Investment bankers and stockbrokers that control this unregulated market are already trading CIL shares at a Rs 10-12 premium - even before the price band or issue date have been officially announced.
At present, the sentiment is upbeat, and companies are waiting to come out with their initial public offerings (IPOs) to cash in on the boom.
Without giving specific details, Sebi said that SBI was being probed for 'alleged violation of regulations' contained in as many as 11 sections, sub-sections and clauses, including those related to the Code of Conduct, of the Securities and Exchange Board of India (Debenture Trustees) Regulations.
It is looking to price its offering of 7.8 million shares between $32 and $35 a share, which will give it a valuation between $3 billion and $3.3 billion.
Lavasa Corporation, the real estate arm of Hindustan Construction Company (HCC), filed a draft prospectus with the Securities and Exchange Board of India for an initial public offer (IPO), even after several developers have been keeping similar plans, after filing these, on hold for several months.
Hari Narayan said the proposed IPO guidelines for non-life insurance firms were in the process of finalisation before they were sent to SCADA, a body constituted by Securities and Exchange Board of India, for approval followed by a final approval from the market regulator.
People planning to invest money in primary market would have a number of choices to park their savings this month, as about a dozen of companies are expected to bring out their IPOs in September.
Financial year 2010-2011 saw high wealth erosion for investors in the IPO market.
An analysis of the BSE-listed companies shows that as many as 44 out of the 69 stocks are trading below their issue prices fixed after their initial public offers.
Biyani said he wanted to make amends for the steep pricing of the Future Capital IPO, which resulted in heavy losses for investors.
The PSU had earlier this week filed the draft papers for its initial public offering, billed to be India's biggest issue, through which the government expects to raise up to Rs 15,000 crore (Rs 150 billion).
The airline is gearing up to come out with an initial public offer.
The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.
As a pre-requisite, the airline has taken the first step by appointing four independent directors to the state-owned company's expanded 13-member board. Stock exchange listing requirements mandate that one-third of a company's board must consist of independent directors.
Finance Ministry is planning to dilute its stake in seven or eight government companies.
Battling back spasms and forgettable batting form, he led fellow warriors to do a miracle in the middle.
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
The amount debited depends on the shares/MF units allotted to you.
The Supreme Court on Friday upheld the seven-year trading ban imposed by market regulator Sebi on Pyramid Samaira Theatre for its fraudulent initial public offer.
Our focus around technology, cost efficiency, persistency and effective distribution channel will continue, says the ICICI Bank MD and CEO.
Reliance Communications, whose board on Tuesday approved the proposal for Reliance Infratel IPO, would also consider fund raising through qualified institutional placement basis at an appropriate time.
According to sources, Reliance Infratel would offer 10 per cent equity to the public valued at Rs 5,000-6,000 crore (Rs 50-60 billion). Reliance Infratel is the telecom infrastructure division of Reliance Communications Ltd.
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