Thursday, September 27, 2007

IPO DIGEST - 27/09/07

Bouyed by realty boom, Emaar MGF the joint venture of Dubai-based real estate player Emaar Properties and India's MGF, on Wednesday filed draft prospectus with SEBI for its 117 million shares public issue.

Ramsarup Lohh to tap primary market with 3 crore share issue

Ramsarup Lohh Udyog, part of Kolkata-based Ramsarup Group, has filed draft red herring prospectus with the Securities & Exchange Board of India for its initial public offering.

The company proposes to enter the capital market with public issue of 3 crore equity shares of Rs 10 each for cash at a premium to be decided later.

Neel Metal Products Ltd will issue 52,51,000 equity shares of Rs 10 each in its proposed initial public offering, for which it has filed papers with the Securities & Exchange Board of India. The issue price will be decided through the 100 per cent book building process.

The issue, comprising a net issue of 49,88,450 equity shares for public, will constitute 35 per cent of the fully diluted post-issue paid-up capital.

Pantaloon to raise Rs 2,000 cr via IPO, private placement

Pantaloon Retail India, a Future Group company promoted by Kishore Biyani on Wednesday said it would raise around Rs 2,000 crore through Initial Public Offering (IPO) and private placement of shares.

The company informed the Bombay Stock Exchange that its Board of Directors had approved raising of funds for its subsidiary, Future Ventures India Ltd, by way of IPO, private placement of shares or issue of convertible instruments.

Air hostess schools to take IPO flight to Dalal Street

Frankfinn Institute, Air Hostess Academy to hit market by next year, will also tap private equity
 
 
Real estate firm Brigade Enterprises Ltd said on Monday, 17 September, it has filed a draft offer document with the Securities and Exchange Board of India for an initial public offering.The company plans to issue 16,624,720 shares at a price which will be decided through the book-built route, it said in a statement. There will also be a greenshoe option up to 2,493,708 shares. The issue will constitute 16.87% of Brigade's post-issue paid-up capital.

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