Entries Tagged 'IPO Upcoming Issues' ↓

Bharat Oman Refineries Ltd IPO : Bharat Oman Refineries Ltd  plans to raise Rs 1200 crore via an Initial Public offer in financial year 08 for setting up an refinery at Bina in Madhya Pradesh which will have production capacity of 6 million tonne per year and is estimated to complete its mechanical installation of the refinery by December 2009.

Bharat Oman Refineries Ltd (BORL) is a joint venture between Bharat Petroleum Corporation Ltd(BPCL) and Oman Oil Corp. BPCL and Oman Oil Copr will jointly hold a 52 percent stake and the remaining 48 percent will be alloted to private investors.
 

Hyderabad based Alkali Metals Limited is planning for Initial Public offer of 3,846,100 Equity shares with face value of Rs. 10/- each for cash at a price which is to be decided later in the book building process.The issue shall constitute 35.66% of the post issue paid up capital of the company.

The Objects of the Alkali metals IPO are as follows:
(A) The Company plans to set up an API plant at Jawaharlal Nehru Pharma City at Visakhapatnam.
(B) General Corporate Purposes.
(C) Meet the expenses of the Issue.

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Mumbai based eClerx Services Limited, a knowledge process outsourcing (KPO) firm, is planning to enter the Capital markets with an initial public offering (IPO) of around Rs 100 crore, thus becoming the first Indian Knowledge Process Outsourcing Company to do so.

eClerx, which has recently filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi), expects to hit the markets by the end of this fiscal year.

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New Delhi based Cords Cable Industries Limited (CCIL) a leading manufactures of industrial Cables is planning for an Initial Public offer of 35,00,000 Equity Shares, constituting 30.63% of the post Issue paid-up capital of the Company.

Cords Cable IPO would issue 35,00,000 Equity Shares, of which Employees Reservation Portion is 70,000 Equity Shares, so the Net Issue to the Public is 34,30,000 Equity Shares.Of which Qualified Institutional Buyers Portion is Upto 17,15,000 Equity Shares constituting 50% of the Net Issue to the Public, out of which 5% of the QIB Portion or 85,750 Equity Shares shall be available for allocation on a proportionate basis to Mutual Funds.

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UTI Asset Management Company has got all the final approvals to go for the Initial Public Offer. UTI has today said that the its AMC has got in-principle approval from the government and its board. UTI IPO will hit the markets by the end of this finacial year.

The promoters LIC, Punjaba National Bank, SBI, Bank of Baroada who hold 100% in the company have all decided to dilute the holdings amounting to 49% in the company by going the IPO route. All the four promoters have invested in 2005 when UTI was restructured and it would help them to unlock the value and gains from the capital invested in the group.

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The proposed IPO of State-owned National Hydro Power Corporation (NHPC) which was expected to hit the markets before the end of March 2008 has been postponed and NHPC IPO will hit the markets in the fourth quarter of 2008.

National Hydroelectric Power Corporation (NHPC) is the country’s largest hydro-power company and has plans to raise nearly Rs 1700 crore from its initial public offering (IPO). NHPC had filed the draft red herring prospectus with the market regulator SEBI in April .

Bangalore based Real estate company Brigade Enterprises which is into development of residential and commmercial properties, has filed its draft red herring prospectus (DRHP) with the Securities & Exchange Board of India.

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