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1.Penna Cement gets SEBI nod for Rs.15.50 bn IPO

Hyderabad-based Penna Cement has received SEBI's approval for its Rs 15.50 bn IPO.


2.The Hyderabad-based company gets Sebi nod for Rs 15.50 billion IPO

Hyderabad-based Penna Cement has received an approval from Sebi to proceed with its Rs 15.50 billion IPO.


3.Embassy Office Parks opens India’s first REIT

REITs have a proven and successful track record in several Asian countries


4.21 projects launched in Odisha

Chief Minister Naveen Patnaik has reportedly launched 21 welfare projects in Rairangpur in Mayurbhanj district of Odisha. The 21 projects, which were inaugurated by Patnaik, are worth Rs 450 million.


5.Emami Cement files for IPO

Emami Cement has filed draft papers with SEBI to raise Rs 10 bn through an initial public offering (IPO). Besides a sale offer of the same size by the company's existing promoters and shareholders, the IPO comprises of fresh issuance of shares worth Rs 5 bn.


6.Fund Raiser

Led by its Chairman and Managing Director Rajeev Mehrotra, public sector enterprise and state-owned railways consultancy firm Rail India Technical and Economic Services (RITES) recently proposed an initial public offering (IPO) of its equity shares, making it the first divestment exercise by the government this fiscal.


7.Shriram Properties plans Rs.10 bn IPO

Shriram Properties plans to raise around Rs 10 bn from an initial public offering (IPO) and enter the low-cost housing segment with homes in the Rs 1.5-2.5 mn price range.


8.HG Infra Engineering IPO receives total subscription of 44 per cent

The initial public offering (IPO) of HG Infra Engineering received 44 per cent subscription at the bidding process held recently. As reported, the issue had receive bids for 5,319,490 shares against the issue size of 12,137,070 shares.


9.Rs 3.5 billion Shirdi Aiport commences operations

Operations recently commenced at the newly constructed airport of Shirdi. Developed at Rs 3.5 billion, the airport’s terminal building covers 2,750 sq m and can hold about 300 passengers.


10.BVG India hiring bankers for its Rs 1,000 crore planned IPO

BVG India, a Pune-based facility management company, is planning to raise up to Rs 1,000 crore from an initial public offering (IPO, according to reports. The proposed offering is in the early stages of planning and the company is in the process of hiring bankers for it. While it is known that the IPO will be in the range of Rs 1000 crore, the other modalities are being worked out.