IPO NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Pushpanjali Realms to float Rs 15-cr IPO  -   23/06/2017 00:23
P ushpanjali Realms and Infratech Limited, engaged in real estate development in Uttarakhand, will come out with an initial public offering to raise around Rs 15 crore, reported PTI. The issue will open on June 27, the company said. It proposes to raise Rs 14.55 crore through the issue of 26,46,000 shares. The equity shares are proposed to be listed on the Emerge platform of NSE, Ritesh Dhiman, Assi...
GIC Re floats RFP to hire registrars for proposed IPO  -   22/06/2017 14:07
G eneral Insurance Corporation of India (GIC Re) has floated a request for proposal (RFP) to appoint registrars for its proposed divestment through an initial public offering, reported PTI. GIC Re along with the government is considering to raise funds through issue of fresh equity shares and divesting a portion of the paid up capital of the reinsurer out of the government's shareholding of 100 per ce...
Federal Bank launches Rs 2,000-cr QIP  -   22/06/2017 11:32
S outh-based Federal Bank said that it has launched a institutional sale of shares, aiming to raise around Rs 2,000 crore or USD 310 million in capital. There is an option to upsize the issue by Rs 500 crore or USD 77 million, sources said. In a regulatory filing, the bank said its credit committee, and investment and raising capital committee has authorised the opening of the qualified institutional...
CDSL IPO oversubscribed 170 times  -   22/06/2017 00:22
T he initial public offer of Central Depository Services (India) Ltd (CDSL) received overwhelming response from investors as the issue was oversubscribed 169.91 times on the last day of the three-day bidding, reported PTI. The IPO of BSE's depository arm, to raise Rs 524 crore, received bids for over 421 crore shares against the total issue size of 2.48 crore shares, as per NSE data. The offer has...
Regrob.com plans IPO to raise Rs 200-cr  -   21/06/2017 15:09
R egrob.com, the second largest real estate brokerage firm in India, is planning to raise Rs 200 cr via an IPO. “After RERA implication and strong government controls like GST, Real estate market will be better organized and consolidation will take place. This is an opportunity for companies like ours to grow. Investkeen Capital has advised us to go for an IPO by the end of the year once the real e...
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