IPO Update

Just Dial’s IPO oversubscribed by 1.94 times

Just Dial’s IPO oversubscribed by 1.94 timesAccording to the latest data available, the initial public offering of Just Dial Ltd, which operates the local business listings site called Justdial. com, has been oversubscribed by 1.94 times during the final day of the issue.


Repco unit launches IPO with price band of Rs 165-172 per share

Repco unit launches IPO with price band of Rs 165-172 per shareRepco Home Finance (Repco), which is a wholly owned subsidiary of Repco bank, has launched its initial public offering (IPO) with a price band of Rs 165-172 per share.

The Chennai-based home financing company is offering about 15.7 million shares through the issue and is aiming to use the capital used to change its capital structure and for future credit growth. The company is sourcing its funds form the National Housing Bank (NHB) and other banks but is looking at other options such as public deposits and non-convertible debentures (NCDs).


SeaWorld Entertainment planning its IPO

SeaWorld Entertainment planning its IPOSeaWorld Entertainment, the operator of popular theme parks, has begun the process for its Initial Public Offering (IPO).

The operator of SeaWorld, Busch Gardens and other theme parks is planning listed three years after it was acquired by private-equity firm Blackstone Group in a deal valued at $2.3 billion. The company is expecting to raise between $500 million and $700 million through the offer and Blackstone will retain a majority stake in the company.


Anybody who says Sebi is deciding on pricing is wrong: U K Sinha

Anybody who says Sebi is deciding on pricing is wrong: U K SinhaThe Securities & Exchange Board of India (Sebi) is not trying to play any role in deciding pricing of an issue; rather it wants investment bankers to play their role honestly, the capital market regulator's chairman U K Sinha said.

In a recent interview, Mr. Sinha stressed that the investment banker was the only person responsible for bringing in an IPO under any law, which was way the regulator was asking for their track record.


Bharti Airtel shares shed 3.69% on Monday

Bharti Airtel shares shed 3.69% on MondayBharti Airtel shares shed 3.69 per cent to close at Rs 300.45 a share on Monday on the Bombay Stock Exchange (BSE), while the benchmark index SENSEX lost 0.38 per cent to end trading at 19,244.42 points.

Bharti Infratel, a subsidiary of the country's biggest network provider Bharti Airtel, also announced that it had fixed the IPO price at Rs 220 and Rs 2010 per share for institutional and retail investors, respectively.

The tower subsidiary raised nearly Rs 4,118 crore from the public issue. Anchor investors invested Rs 651 crore.


We knew institutional investors would support IPO strongly, says Mittal

We knew institutional investors would support IPO strongly, says MittalSunil Mittal, the head of telecommunication giant Bharti, has said that the the copany knew that the institutional investors and especially those from abroad would be strong supporters of the Initial Public Offering of Bharti Infratel.

“We had a reasonably good visibility of the pipeline of the book there and we are close to 3 times the quota that we had kept for the qualified investors, and that has happened. We are very pleased with that,” he said.


Bharti Infratel’s issue to test scale of investors’ interest in Indian IPOs

Bharti Infratel’s issue to test scale of investors’ interest in Indian IPOsBharti Infratel Ltd's initial public offering (IPO), which opened for retail investors on Tuesday, will test investors' sentiment for Indian IPOs.

Bharti Infratel, a division of India's leading mobile-phone services provider Bharti Airtel Ltd., has priced the issue at Rs 210-240 per share. At the lower end of the price band it would garner Rs 3,967 crore, while at the upper end it would raise nearly Rs 4,534 crore.


PC Jeweller launches IPO with price band of Rs 125-135 per share

PC Jeweller launches IPO with price band of Rs 125-135 per shareDelhi-based jewellery manufacturer, PC Jeweller has making its debut at the stock markets in the country with shares at the in the price band of Rs 125-135 per share.

The IPO involves fresh issue of 4,51,33,500 equity shares, which will constitute 25.2% of the company's post-issue equity capital of Rs 179.10 crore. The company has reserved 2,23,87,500 shares for QIBs and 30 out of these are set aside for Anchor Investors. The jweller has also reserved 67,16,250 shares for Non-Institutional category and 1,56,71,250 shares for Retail Investors.


Bharti Infratel aiming to raise $900 million through IPO

Bharti-InfrateBharti Infratel Ltd is planning to launch its initial public offering (IPO) aiming to raise about 900 million on December 10.

The IPO of Bharti Infratel, which is the telecommunications tower arm of Bharti Airtel, is likely to be the country's biggest IPO in almost two years since Coal India raised $3.5 billion. According to company officials, a sale of 10 percent in Bharti Infratel could raise $800 million to $900 million.


Facebook shares jump on better-than-expected quarterly revenue

Facebook shares jump on better-than-expected quarterly revenue Stock in social networking giant Facebook on Wednesday enjoyed its biggest daily gain since its initial public offering in May, after the company reported better-than-expected revenue for the third quarter.

Facebook's shares gained 19 per cent to $23.23 on the NASDAQ Stock Market. It was the stock's highest closing price in the last five weeks.

The social networking site reported a growth of 32 per cent to $1.26 billion for the third quarter. Analysts had projected a year-on-year revenue growth of 29 per cent to $1.23 billion.


SEBI may ask companies to provide IPO price band details

SEBI may ask companies to provide IPO price band details Companies and merchant bankers may soon be ordered by Securities & Exchange Board of India (SEBI) to limit all business transactions among them to the bare minimum and also to provide investors with a detailed analysis of the way they discover the price range for an IPO, a senior official revealed.

Speaking on the condition of anonymity, the official said that the new steps by the market regulator aimed at protecting investors' interest by preventing companied from over-pricing any IPO through a nexus between company promoters and merchant bankers.


SEBI to consider reforms for MFs and IPOs

SEBI to consider reforms for MFs and IPOsIndia's capital market regulator, the Securities and Exchange Board of India (Sebi) has said that it will consider reforms to its regulations governing mutual funds and initial public offers (IPOs).

The regulator will hold its board meeting on August 16, where it is expected to discuss and approve various proposals relating to regulations. Among the cards is a proposal to offer a 'safety net' guarantee and tax incentives for new investors in the market. The safety net will ensure that a portion of the investment made by the retail investors is guaranteed for a fixed period of time.


RCom delays Singapore IPO of unit

RCom delays Singapore IPO of unitIndia’s Reliance Communications has delayed a planned Initial Public offering (IPO) of a unit on the Singapore stock exchange.

The company said in a statement released on Friday that it will list the Global Telecommunications Infrastructure Trust later when the market conditions are more supportive for the IPO. The company was aiming to raise between $700 million and $1 billion by selling the company’s shares in Singapore.


Facebook raises $16 billion in IPO

Facebook raises $16 billion in IPOSocial networking giant, Facebook said on Thursday that it raised $16 billion for itself as well as for its early investors in an initial public stock offering.

The initial public offering, which was expected to value the firm close to $100 billion, valued the social network at about $104 billion, which is more than companies such as Kraft, Walt Disney and McDonald's. It is a big achievement for the company that started eight years ago and had no ways to generate income until recently.


Comparing Facebook with Reliance Industries

Comparing Facebook with Reliance IndustriesMark Zuckerberg is a busy and happy man these days. I know that many readers will be shocked after reading the headline, but I have always compared the most popular social networking website Facebook with some major companies that do not operate in online space.

Facebook is used by lots of people across the world and the online social network is coming up with IPO, which will value it at nearly $100 billion and that's a massive amount one can put to an online company.


SMFL withdraws IPO worth Rs 1,665 crore

SMFL withdraws IPO worth Rs 1,665 croreAn Auto parts firm e known private sector firm, Samvardhana Motherson Finance (SMFL) has announced its decision to withdraw a Rs 1,665 crore Initial Public Offering (IPO) on Friday.

The decision to cancel the issue as nervous investors expressed concerns over the price and foreign investors were worried over government’s plan to review the double taxation avoidance agreement (DTAA) with Mauritius.


Yelp shares increase 64% after IPO

 Yelp shares increase 64% after IPOThe shares of business-reviews site, Yelp grew as much as 64 per cent following its Initial Public Offering (IPO).

Yelp, which is based in San Francisco, generates earnings by selling advertising on its website to small stores. Investors reacted positively to the IPO, which priced the shares above expectations at $15 each on Thursday. The shares of the company rose to $24.58 in few hours after its debut.

A total of 17.5 million Yelp shares were traded on Friday, which is more than double the size of its floatation. That IPO float represented just 12% of the company's outstanding shares.


Vodafone to get listed in India

Vodafone to get listed in IndiaAnaljit Singh, the new non-executive Chairman of the Indian unit of Vodafone has said Indian business is planning to get listed in the country and will soon come out with an Initial Public Offering (IPO).

He said that the company is still considering the decision but the final decision is yet to be taken on the matter.


Zuckerberg launches biggest Internet IPO in Silicon Valley ever

Zuckerberg launches biggest Internet IPO in Silicon Valley everMark Zuckerberg, the Chief Executive Officer and co-founder of the world’s largest social networking site, Facebook has announced that the company is preparing for an Initial Public Offering (IPO).


ONGC loses Navaratna status

ONGC loses Navaratna statusIndia's most profitable business entity, Oil and Natural Gas Corporation (ONGC) will soon be no more in Navaratna team. This is because of company's plans to shed shares of Rs. 11,500 crore to the market. This share sale is scheduled in next month, leading company to loss of status for the Navaratna Company.


.

Technical View on Stocks
Anil ManghnaniRajat BoseVijay BhambwaniAmbareesh BaligaPrakash GabaSudarshan SukhaniAshwani GujralAshu Madan

Syndicate content



Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate