Ipo Digest --- 04/010/2007

REC gets FIPB nod for IPO

State-run Rural Electrification Corporation has received approval from the Foreign Investment Promotion Board for its proposed Rs 1,200 crore public offer and is awaiting government clearance to appoint independent directors on its Board before hitting the capital market.
Read More : http://economictimes.indiatimes.com/Markets/IPOs/REC_gets_FIPB_nod_for_IPO/articleshow/2428354.cms
 

Reliance Power to offload 10.1% stake via IPO

Reliance Power (RPL), part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG) company, will offload a 10.1% stake in the proposed initial public offering (IPO). According to the draft red herring prospectus (DRHP) filed by RPL with the stock market regulator SEBI on Wednesday, the IPO will comprise 130-crore equity shares of Rs 2 each for cash at a premium to be decided through a 100% book building process .

Read More : http://economictimes.indiatimes.com/Markets/IPOs/Reliance_Power_to_offload_101_stake_via_IPO/articleshow/2427211.cms

QIBs may feel the IPO pinch
 

Institutions may have to shell out more while subscribing to an initial public offer as part of the market regulator's effort to revamp the IPO allotment process. Securities & Exchange Board of India's (SEBI) primary market advisory committee (PMAC), which is preparing a paper on the various price discovery mechanisms, is said to be in favour of hiking the initial amount that institutions pay to 25%, from the current level of 10%.

Read More :http://economictimes.indiatimes.com/Markets/IPOs/QIBs_may_feel_the_IPO_pinch/articleshow/2427135.cms

 

Tata Technologies to tap markets next year

TATA group's engineering arm Tata Technologies plans to tap the capital market next year to raise funds in what could be the first initial public offer by a group company since IT firm TCS.
Read More : http://economictimes.indiatimes.com/Markets/IPOs/Tata_Technologies_to_tap_markets_next_year/articleshow/2427054.cms

NKG Infrastructure files DRHP with SEBI NKG Infrastructure, engaged in civil construction and infrastructure development, has filed its draft red herring prospectus with the market regulator SEBI to enter the bourses with its initial public offer. Read More :http://economictimes.indiatimes.com/Markets/IPOs/NKG_Infrastructure_files_DRHP_with_SEBI/articleshow/2426052.cms

IRB Infra files papers for IPO

IRB Infrastructure Developers filed its draft red herring prospectus (DRHP) with Sebi yesterday for its initial public offering (IPO) of 5,10,57,666 shares of Rs 10 each.
Read More :http://www.business-standard.com/bsonline/storypage.php?leftnm=11&bKeyFlag=IN&autono=28270