Tuesday, October 9, 2007

IPO DIGEST -- 09/10/07


Yatra Online plans IPO
http://economictimes.indiatimes.com/Markets/IPOs/Yatra_Online_plans_IPO/articleshow/2441245.cms

Online travel services company Yatra Online said it is evaluating an initial public offering (IPO) sometimes next fiscal.Venture capital firm Norwest Venture Partners, Reliance Capital and TV 18 Group have invested in Yatra Online. The company provides information and booking facility for air travel, hotels, buses and car rentals.

Air India expected to unload 15% stake in IPO
http://economictimes.indiatimes.com/Markets/IPOs/Air_India_expected_to_unload_15_stake_in_IPO/articleshow/2438903.cms

State-owned Air India will likely unload 15 per cent of its equity in an initial public offer (IPO) when its merger with domestic counterpart Indian Airlines is completed, a report said. V Thulasidas, chairman of the National Aviation Company of India Ltd (NACIL), the airlines' new parent company, said the government would make the final decision on the size of the IPO. But he told reporters his "personal view" was that NACIL would dispose of 15 per cent of its equity, media reported on Monday.

Reliance Power, Emaar may drive next rally
http://economictimes.indiatimes.com/Markets/IPOs/Reliance_Power_Emaar_may_drive_next_rally/articleshow/2438121.cms

The stock market rally has left investors gasping for breath. When the market is in an uncertain territory like this, opinion always gets sharply divided on whether the new levels are sustainable or not. With the secondary market in a quandary, the primary market may just be the one to show the way. The reason being some large, and significant public issues like Reliance Power, Emaar MGF, Edelweiss and Wockhardt Hospital are ready to enter the market. If they get lapped up by investors without denting the secondary market, then the market may just get the vote of confidence they are looking. Among the lot, Reliance Power and Emaar are the two most important issues.

SBI plans public offer during Nov-Jan
http://www.livemint.com/2007/10/05144525/SBI-plans-public-offer-during.html
 
State Bank of India (SBI), the country's biggest bank, is planning to raise capital through public offer of shares in the market and is awaiting the nod of the Finance Ministry to meet additional capital requirements for business growth and statutory requirement.
"We are under discussion with the Finance Ministry and awaiting clearance from them. Once we get clearance, capital would be raised within 90 days," SBI chairman O. P. Bhatt told reporters on 5 October.
 
Shriram EPC plans IPO to fund 3 new JVs
 
Shriram EPC Ltd, part of city-based Shriram Group, has filed a draft offer document with the market regulator to sell shares to the public, with plans to invest in three new joint venture (JV) firms in the renewable energy market.
It will issue five million equity shares, representing 11.66% of post-issue paid-up capital, to the public under the book building method, where investors are asked to quote their price and the maximum shares they're willing to buy.
 
 

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