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.
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.
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.
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.