Videocon D2H files for IPO to raise up to Rs700 cr
Direct to home service provider Videocon D2H has filed for an initial public offer (IPO) to raise up to Rs700 crore, The company had received the regulator's approval in March 2013 for its proposed IPO but did not launch the same due to bad market conditions.
Shemaroo debuts at Rs180/share, jumps 5%
Shemaroo Entertainment debuted at Rs180 per share on October 1, 2014. The stock opened with a gain of around 5 percent but soon settled down to Rs171 per share within minutes of listing. The film and entertainment business company entered the capital market with an initial public offer of 77.4 lakh shares in the price band of Rs155-170 to raise about Rs100 crore. The IPO was subscribed 7.26 times with qualified institutional buyers (QIBs) 5.7 times subscription. Retail individual investors subscribed 7.54 times while high net individuals subscribed 8.64 times.
Two more companies queue up for IPO amid bullish sentiments
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Uniparts India and PNC Infratech are the latest companies to file initial public offer papers with capital market regulator Sebi. With these two firms, a total of nine companies have now filed draft papers with the Securities and Exchange Board of India (SEBI) since beginning of 2014.
SEBI plans to cut IPO timeline to just 4 days
The Securities and Exchange Board of India (Sebi) wants to cut the timeline for Initial Public Offers (IPOs) and Follow-on Public Offers (FPO) of equity to four days. The move, if implemented, will see companies close their offerings and list the securities in the same week. It will also attract more investor participation, as their funds will be locked in for a shorter duration.
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