News
Home
News
News
Latest News & Updates
IPO bound Coal India arm CMPDIL garners Rs 470 crore from anchor investors
Central Mine Planning and Design Institute (CMPDIL) has raised Rs 470 crore from anchor investors, including LIC and several mutual funds, ahead of its Rs 1,842-crore IPO. The initial share sale, an offer for sale by Coal India, opens for public subscription on March 20 with a price band of Rs 163-Rs 172 per share.
Read More
NSE IPO opens door for thousands of shareholders to sell stock
Thousands of National Stock Exchange shareholders may soon get an exit opportunity via the bourse’s upcoming IPO, as it plans to allow eligible unlisted investors to tender shares under the offer-for-sale route. The process, expected to take over a month, will precede the filing of draft papers with regulators, likely by end-May, as required by the regulations.
Read More
NSE said to set modest fee for its $2.5 billion Indian IPO
The National Stock Exchange of India is setting a modest advisory fee of around 0.65% for its upcoming IPO, potentially totaling $16.25 million. This contrasts sharply with higher averages paid by other companies, reflecting a trend of cost control in quasi-sovereign deals. Key banks have been appointed for the significant listing.
Read More
RIL appoints 17 bankers for a potential Rs 40,000 crore Jio Platforms IPO
Jio Platforms has appointed 17 global and domestic investment banks, including Goldman Sachs and Morgan Stanley, to begin work on its mega IPO. With valuation estimates near $180 billion, even a 2.5% float could become India’s largest-ever public offering.
Read More
GSP Crop Science IPO Day 3: NIL GMP, but NII subscription strong. Can it deliver gains on listing day? Check subscription status and highlights
GSP Crop Science IPO GMP: The Rs 400 crore GSP Crop Science IPO enters its final day with 96% subscription, led by strong NII demand while retail interest remains muted. With GMP at zero, listing expectations remain subdued.
Read More
Jio tells bankers it may file IPO prospectus as early as March
Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of this month. This could be India's largest ever IPO. Seventeen bankers have been appointed to manage the issue. The offering is expected to be a secondary share sale by existing investors.
Read More