RailTel’s initial public offer (IPO) was subscribed 42.39 times on the final day of subscription. As per National Stock Exchange data, the Rs 8.19 billion offer received bids for 2.59 shares against the 0.061 billion […]
GoAir, the budget airline of the Wadia Group, plans to launch its IPO to raise about Rs 30 billion (about $411 million). Citigroup, ICICI Securities and Morgan Stanley have been appointed as bankers for reviving […]
Antony Waste Handling Cell Limited’s initial public offering (IPO) has received a strong response, with demand across all investor categories. The offering of 6.67 million shares, excluding the anchor investors’ portion, received bids for 100.27 […]
IndiGrid has acquired the solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV) in a deal worth Rs 6.6 billion (nearly $90 million) at current exchange rates. IndiGrid has signed a purchase agreement with FRV Solar […]
Antony Waste Handling Cell Limited, the first waste management services company in India to float an IPO, has withdrawn the public issue as it failed to secure enough subscriptions. Previously, the firm had extended […]
The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC), the fund-mobilising arm of the railways, has been delayed against the backdrop of the ongoing coronavirus pandemic. IRFC was supposed to be listed […]
The Department of Investment and Public Asset Management (DIPAM) is likely to appoint legal advisers for Telecommunications Consultants India Limited (TCIL) and WAPCOS soon, to steer their initial public offering (IPO) process. As per industry […]
Airtel Africa is planning to raise about $37.5 million (27.92 billion Malawian kwacha [MK]) through Airtel Malawi’s IPO. The company, which is a subsidiary of India-based Bharti Airtel, has set the price of the IPO […]
As per industry sources, the government is planning to divest up to 25 per cent stake in RailTel Corporation through an initial public offering (IPO). To this end, the government is reportedly looking for advertising […]
The promoters of AGEL will sell a 5.98 per cent stake in the company through an offer for sale. The stake sales are being planned to bring down the promoter shareholding in the company to […]
Bharti Airtel Limited will raise $750 million (about Rs 52 billion) by selling shares of its Africa unit via an initial public offering (IPO) and list them on the London Stock Exchange. In case of […]
Antony Waste Handling Cell, which processes almost half the garbage generated by Mumbai, will tap the capital market in June 2019 with a Rs 3.5 billion IPO. This will make it the first municipal solid […]
Sterling and Wilson, a solar engineering, procurement and construction firm promoted by Shapoorji Pallonji, has filed draft papers with SEBI to raise about Rs 45 billion through an initial public offer (IPO). The IPO will […]
The government is planning to raise around Rs 15 billion by September 2019 by launching IPOs of the Indian Railway Catering and Tourism Corporation (IRCTC) and the Indian Railway Finance Corporation (IRFC). While IRCTC’s IPO […]
Bajaj Energy Limited (BEL) has filed the draft red herring prospectus for an IPO with SEBI to raise Rs 54.5 billion. BEL plans to use the IPO proceeds to acquire Lalitpur Power Generation Company Limited’s […]
Annai Infra Developers Private Limited has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) for an IPO. The IPO is a fresh sale of 10 million shares by the company, […]
The initial public offering (IPO) by Rail Vikas Nigam Limited (RVNL) was oversubscribed by 1.83 times on the fourth and final day of the bidding process. According to data available with the National Stock Exchange, […]
The Department of Telecommunications (DoT), in consultation with the Ministry of Finance, is planning to split an initial public offering (IPO), which includes the sale of a 25 per cent stake in Telecommunications Consultants India […]
Indian Telephone Industries [ITI] Limited has received approval from SEBI to float a follow-on public offer (FPO). This move will help ITI Limited in meeting the minimum 25 per cent public shareholding norm. ITI had […]
The India Grid Trust (IndiGrid) will launch its Rs 30 billion qualified institutional placement (QIP) soon. The fundraising will help the infrastructure investment trust acquire new assets in the power transmission space. The process is […]
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