Kishore Biyani-promoted Future Capital Holdings' initial share sale, which closed its IPO on Wednesday, was subscribed nearly 131 times, as investors shrugged off shaky secondary market sentiment after the benchmark Sensex tumbled nearly 860 points in the last two days.
"It is a reflection of world community in the future of India... Investors seem to be confident in the future of Indian economy," Chidambaram told PTI on IPO that hit the market this morning for mopping upto Rs 11,700 crore (Rs 117 billion). Not only the IPO was fully subscribed within a minute of opening, it generated demand worth over Rs 50,000 crore (Rs 500 billion) in less than two hours.
Aiming to garner over Rs 15,000 crore (Rs 150 billion) through the largest ever public offering in India, the government on Tuesday decided to price Coal India's IPO in the range of Rs 225-245 a share for divesting its 10 per cent stake.
Move aimed at giving more headroom to foreign investors.
UTI Asset Management Company is planning to come out with an initial public offer by selling 60 per cent of its holding to the public, its chairman M Damodaran said in Kolkata on Monday.
Cairn Energy India's initial public offering of 32.88 crore (328.8 million) shares will open on December 11 and close on December 15 at a price band of Rs 160-190 per share.
Vodafone's assessment is that the controversy over the spectrum allocation case is not over.
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
The Western Vidarbha region comprising three districts of Akola, Washim and Buldana recorded bids of over Rs 50 crore (Rs 500 million) in the IPO that had opened on January 15, according to banking and private money market sources.
Low cost airline Air Deccan has filed an application with SEBI for entering the capital market.
The IPO exercise is likely to begin in 2-3 months and will be completed within a year, BSNL said.
If you have never been to the great Indian IPO party but want to join in, you need to know that the way you fill up your application form could determine your chances of getting an allotment.
The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to $1.8 billion in February, shows an analysis. According to Grant Thornton, the industry saw just 89 deals worth $1.8 billion in February, which is 60 per cent lower than the year ago period in value terms and down by 54 per cent year-on-year in volume as investors continued to tread cautiously amid macroeconomic uncertainties. This is the second-lowest deal volume and the lowest value since 2014.
Infrastructure company Jaypee Infratech Ltd, a part of Jaypee Group, has planned to go public with a Rs 2,600-crore IPO in the next two months. The company has filed the Draft Red Herring Prospectus with the Security Exchange Board of India. Confirming the development, sources close to the development said, "While the price band is yet to be decided, the IPO size is estimated to be around Rs 2,600 crore."
Indian Airlines' board has decided in-principle to tap the capital market through a public offer.
India's first liquefied natural gas importer Petronet LNG Ltd will raise Rs 391 crore (Rs 3.91 billion) through the initial public offering of 260 million equity shares with the offer price being fixed at Rs 15 per share.
ICICI Lombard General Insurance Company Ltd will consider an initial public offering on reaching an overall market share of around 10 per cent even as ICICI Prudential Life Insurance plans to increase its capital base in the current fiscal.
Gujarat State Petroleum Corporation, which has discovered India's largest-ever gas field, is planning an initial public offer of 10-20 per cent of equity to part fund the Rs 1,500 crore (Rs 15 billion) investment for beginning the production from the
The much-awaited offer is also seen as a test case for revival of big-ticket sales in the primary market.
Investing in IPOs is not an easy task, especially when we see a lot of them list lower than the issue price
how operators and promoters relieve themselves on the heads of gullible and greedy retail investors.
In times of high interest rates, it is not a very bright idea to take a loan and invest in an IPO
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
Girish Nadkarni of IL&FS Investsmart discusses the new IPOs that came out this week. He says that Atlanta and ACE are the better investment bets currently in the market. However, the investor interest is not very high in Deep Industries.
The initial public offering of the Sri Lankan unit of Indian Oil Corp was oversubscribed more than three times. "The IPO raised (Sri Lankan) Rs 359.99 crore (Rs 3.59 billion)," company officials said.
Real estate, infrastructure, BPOs and telecom are likely to be the major sectors that will be going for fund raising.
Power Finance Corporation Ltd filed its revised prospectus on Monday with market regulator Securities and Exchange Board of India to come out with its initial public offering.
Airline wants to fly to West Asia, Southeast Asia.
Sebi takes 6 merchant bankers to task for lapses in IPO
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
The average size of IPOs rose by nearly half in 2008 over 2007, though the financial meltdown may have scared away many from the primary capital market, bringing down the number of IPOs to about one-third, the Economic Survey said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
State-owned National Thermal Power Corporation said on Monday that it plans to hit the market with an initial public offering of shares representing 5 per cent of its equity by early August.
Social networking site Facebook is likely to file an IPO by the first quarter of 2012, with a valuation of over USD 100 billion, a media report said. Facebook is likely to go public by next spring, CNBC quoted people familiar with the matter as saying.
The initial public offering for Power Trading Corporation Ltd has received an overwhelming response with investors putting pledge for 16.5 times the issue size at the end of bidding process on Monday.
DLF will use its IPO proceeds in part to acquire land, complete on-going projects and retire debts.
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