Archive for August, 2009
JSW energy ltd plans for IPO worth $600 million….
JSW Energy Ltd, a group firm of steel maker JSW Steel Ltd, plans to file a regulatory application in the next two days for an IPO worth about $600 million-:
· JSW Energy, which aborted an IPO worth up to $1 billion last year, joins a rash of power firms looking to raise equity after [...]
NHPC IPO issue over subscribed….
According to the data available on the National Stock Exchange website, the NHPC IPO has been subscribed 1.05 times. The issue of 167.73 crore shares received 175.81 crore bids with 5.67 lakh bids made at cut-off price.
· According to sources, local banks, insurance companies and foreign institutional investors have subscribed to the issue. Most [...]
NHPC IPO issues open on 7th August & closes on 12th…
NHPC Limited, a Mini-Ratna Category-I public sector undertaking and hydroelectric power generating company, has fixed the price band between Rs 30 and Rs 36 per equity share for its initial public offering (IPO) of 1,67,73,014 equity share of Rs 10 each for cash at a price to be decided through a 100 per cent book-building [...]
JSW Energy in plan for IPO….
JSW Energy (Sajjan Jindal-owned) may go for an Initial Power Offer to raise funds for its ambitious plans to step up power generation capacity to 12,000 MW from the present 800 MW.
· “We may look at the IPO if the market stabilises,” JSW Group Chief Financial Officer MVS Seshagiri Rao told PTI.
· However, a company [...]
NHPC IPO will hit market on Aug 07.
Central government enterprise, National Hydroelectric Power Corporation (NHPC) will raise Rs 6,000 crore from the initial public offer (IPO), which will hit the market on August 7.
· “Rs 4,000-crore will be used to finance the under construction projects of the company while Rs 2,000 will be given to the government of India.
· For its IPO, [...]
Adani Power 3000 crore IPO fixed between Rs.90-100
The Adani Power Ltd IPO closed on Friday, having been over-subscribed over 21 times. The Rs 3,000 crore issue, the second biggest public
· offer after that of Reliance Power in 2008, attracted good investor response and received commitment worth of Rs 63,000 crore from all categories of investors.
· According to sources, the portion reserved [...]
Adani power IPO subscribed 21.64 times….
Adani Power initial public offering (IPO) witnessed huge investors’ interest and was subscribed 21.64 times. The issue received bids for more than 538 crore shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website.
Qualified institutional investors have given strong response to the issue and their reserved portion [...]
