IPO/QIP

Bharti Airtel’s Africa unit has concluded the pre-initial public offering (IPO) placement of shares with six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, and has raised $1.25 billion (Rs 92 billion), […]

The Ministry of Finance is planning to launch an IPO to sell up to a 25 per cent stake in Telecommunications Consultants India Limited (TCIL) during the January-March 2019 quarter. The move is being made […]

Mazagon Dock Shipbuilders has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The public sector undertaking had filed draft papers with the markets regulator in […]

CLSA-backed Earth Water Group, a specialised water treatment company, is planning to raise Rs 6.5 billion-Rs 8.5 billion through an IPO. The company is expected to file the draft red herring prospectus soon. Promoters may […]

Avana Logistek Limited, a Mumbai-based logistics company, has filed a draft red herring prospectus with SEBI for an IPO. The IPO will comprise a fresh issue of shares for up to Rs 3 billion ($44 […]

Two rail public sector undertakings – the Indian Railway Finance Corporation (IRFC) and IRCON International Limited – are likely to launch IPOs in the next two months. The entities will raise Rs 15 billion in […]

State-owned engineering consultancy RITES Limited will launch its Rs 4.66 billion initial public offering (IPO) on June 20, 2018. The sale will close on June 22, 2018. The company has set a price band of […]

Public sector firm ITI Limited is planning to come out with a fresh issue of shares through a follow-on public offer (FPO) between July and August 2018. The Cabinet Committee on Economic Affairs has approved […]

State-run Rail Vikas Nigam Limited (RVNL), a special purpose vehicle (SPV) created in 2003 for rail project development and mobilising financial resources, has received regulatory approval for an IPO. The government will sell a little […]

Simplex Infrastructures has launched a qualified institutional placement to raise a sum of Rs 4.02 billion. The company has sold 7.07 million equity shares at Rs 569 each, including a premium of Rs 567 per […]

Ahmedabad-based civil construction firm Montecarlo Limited has filed a draft red herring prospectus for an IPO comprising a fresh issue of equity worth Rs 4.5 billion and a sale of 3 million shares by the […]

ReNew Power Ventures Private Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). Reportedly, the issue size is estimated […]

GR Infraprojects Limited plans to raise Rs 18 billion through an IPO. It has filed a DRHP with SEBI for the same. The IPO comprises a fresh issue of shares worth up to Rs 5 […]

John Energy has received SEBI’s nod to raise an estimated Rs 3.5 billion through an IPO. The IPO comprises a fresh issue of shares worth Rs 2.18 billion and an offer for sale of up […]

Government owned and operated railway infrastructure engineering and construction company Ircon International Limited has filed its draft prospectus with SEBI to float an IPO. The government, which is acting as the promoter through the Ministry […]

Rail Vikas Nigam Limited has filed a draft proposal with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The government has proposed the sale of a little over 208.52 […]

Jindal Steel and Power Limited (JSPL) successfully closed its Rs 12 billion qualified institutional placement (QIP) recently. The company had proposed the allotment of up to 51,502,145 equity shares at an issue price of Rs […]

Infrastructure developer HG Infra Engineering Limited’s initial public offering (IPO) was subscribed by almost five times on the final day, with support from institutions and retail investors and last-minute bids by wealthy investors. The IPO […]

Singapore’s infrastructure conglomerate Sembcorp Industries Limited will list its Indian energy unit, Sembcorp Energy India Limited, and look to mop up an additional S$500 million ($378 million) from the sale of certain assets as a […]

Reliance Power has sought the approval of its shareholders to raise up to Rs 20 billion by issuing securities or shares through qualified institutional placement. The funds raised will be utilised for reducing the debt […]