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China stocks end at 15-mth lows

China’s key stock index fell 0.8 percent to a new 15-month closing low on Monday, with a glut of new share issues this week, including Agricultural Bank of China’s mammoth IPO, weighing on liquidity. The Shanghai Composite Index ended at 2,364.0 points, after closing up 0.4 percent on Friday.
China’s stock market is one of the [...]

IPOs may get caught in Euro

The raging sovereign debt crisis in some European countries, which has cast a shadow of uncertainty over the domestic stock market, may force several IPO-bound companies to tone down share valuations in line with expectations. Global troubles may dent the primary market which is already suffering from a lukewarm response from retail investors while institutional [...]

market conditions improving, discount retailer of branded apparels,

market conditions improving, discount retailer of branded apparels, The Loot, that had shelved its IPO plans last year, intends to raise Rs 100 crore through share sale in the current financial year.
“As we plan to go public, it will not be less than Rs 100 crore. It (the IPO) is likely to happen this fiscal [...]

Orient Green Power plans IPO,

Orient Green Power, a subsidiary of engineering firm Shriram EPC, plans to tap the capital market for raising funds to finance its expansion projects and has filed a prospectus with SEBI for its initial public offer.
Orient Green Power has filed a draft red herring prospectus with capital markets regulator Securities and Exchange Board of India [...]

Mumbai is leading the IPL points table,

If Mumbai is leading the IPL points table, then Delhi is charging ahead in the IPO market. The Maximum City, where most of the large corporates are headquartered, has been churning out the highest number of issuances, besides raking in much more moolah than other regions of the country.
But with several public sector units (PSUs) [...]

Emaar India unit IPO launch in 90 days

The Indian unit of Emaar Properties, the Arab world’s largest listed developer, will launch its $770 million initial public offering in 90 days, a company official said on Thursday. Emaar MGF Land Ltd, a joint venture between Emaar and Indian financier MGF, has no plans for any pre-IPO placement, Shravan Gupta, executive vice chairman of [...]

Indias best quarter for stock sales in at least six years

India’s best quarter for stock sales in at least six years was accompanied by a slump in fees as investment banks competed to take state-owned companies public in deals that netted them almost no revenue.
Companies led by NMDC raised Rs 44,100 crore ($9.8 billion) through March 31, the most for a single quarter since Bloomberg [...]

Insurers tapping markets must reveal profit

The Insurance Regulatory and Development Authority (IRDA) is creating sweeping new rules to help investors understand and analyse the performance and liabilities of insurance companies that are going public.
The new rules will provide investors with information about a number of key issues such as future profits from present business, agreements with foreign promoters and [...]

India Inc raises Rs 47k cr

India Inc raised Rs 46,778 crore through the public equity offerings in the current financial year, 23 times higher than Rs 2,034 crore mopped up in the last fiscal, a study says. According to an analysis by Prime Database, which tracks primary capital market, companies raised a whopping Rs 46,778 crore in 2009-10 through the [...]

Pradip Overseas fixes IPO issue price

Home linen products maker Pradip Overseas on Monday said it has fixed the issue price of its initial public offer (IPO), which was subscribed over 14 times, at Rs 110 a share the upper end of its price range.
The company has fixed the issue price at Rs 110 a equity share, Pradip Overseas said [...]