InvIT is a unique investment vehicle aimed to create a source of income for investors by investing in infrastructure projects. Powergrid InvIT will invest in various infrastructure development projects to strengthen interstate power transmission – its primary mission. Infrastructure investment trust (InvIT) functions like a mutual fund, allows investors to invest in various infrastructure assets …
It’s IPO call for the PSU power ‘Maharatna’, Powergrid Corporation of India, which prepares to go public on April 29, 2021. The proposed IPO size of Rs 7,734,99 crores contains prime components worth Rs 4,500 crores. The rest of Rs 2,741.50 crore is OFS units. Powergrid Corporation of India Limited is a PSU that belongs …
Powergrid InvIT IPO opens for subscription today. It is the first-ever InvIT IPO by a public sector unit and creating a lot of buzz in the market. For interested investors, it is critical to know the highlights of the offer to make a sound decision. InvIT IPO is different from the common IPO shares issued …
Powergrid InvIT IPO that opened for subscription is seeking to raise Rs 7,734 crores from the market. The offer size comprises fresh equities and secondary components from selling unitholders. Following the news of InvIT, Powergrid share prices jumped 4.5 percent, rallying day’s high at Rs 212.90 per share in BSE. Powergrid InvIT IPO is significant …
Kedaara Capital funded Vijaya Diagnostic Centre Ltd. will open its IPO on 1 September 2021. The public offering is set to close on 3 September 2021. As per reports, Vijaya Diagnostic IPO will be entirely an offer for sale (OFS) of nearly 35.69 million shares by its current promoters and shareholders. Objectives of the IPO …
Initial Public Offerings worth Rs. 20,000 crores are planning to be launched in October due to ample liquidity and favourable secondary market conditions. Resultantly, the primary market will stay pretty occupied during the month of October 2021. This is massive compared to the IPO launch in the previous month. Companies like Sansera Engineering, Vijaya Diagnostic …
ACC Ltd, the popular cement maker, witnessed a two-fold increase in consolidated net profit during the second quarter (April-June) of Jan-Dec fiscal year. It reported a net profit of Rs. 569.45 crores at the end of June 2021. Same time last FY, the company managed to rake in around Rs. 271 crores. This increase in …
Indian Railway Finance Corporation IPO will open on January 18, 2021, and the three-day subscription window will remain open until January 20, 2021. The market is currently abuzz with anticipation since it will be the first big IPO launch of the new year. It also happens to be the first PSU NBFC to make a …
India’s IPO market is one of the leading IPO markets in the world. In 2018, around 183 companies had launched IPO offers in the Indian stock market to raise $11.6 billion capital. The following year, 2019, also witnessed lots of activities in the segment, with several large players floating their initial public offers in the …
Known Indian jewellery brand Kalyan Jewellers has filed DRHP (draft red herring prospectus) seeking approval to launch IPO scrips in domestic bourses. In its filing, the company said that it is looking to raise Rs 1,750 crores from the market. The offer will contain fresh scrips worth Rs 1000 crores and offer for sales scrips …
