News

Date Heading Details
12-Dec-2018   14:29 Hrs IST Shyam Metalics gets SEBI's nod for IPO <p align="justify">Shyam Metalics and Energy has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise Rs 909 crore through an initial public offering (IPO). The company, which filed the draft red herring prospectus with the SEBI in August, got the regulator's approval on December 7. </p><p align="justify">The net proceeds from the issue will be utilized for payment of debt, including that of its subsidiary SSPL and for other general corporate purposes. ICICI Securities, Edelweiss Financial Services, IIFL Holdings and JM Financial are book running lead managers to the issue.</p><p align="justify">Shyam Metalics is one of the largest manufacturers of long steel products and ferro alloys in the country. It operates three manufacturing plants - one in Odisha and two in West Bengal, with an aggregate installed metal capacity of 2.90 metric tonnes per annum (MTPA). <br></p>
06-Nov-2018   18:03 Hrs IST Penna Cement files DRHP with SEBI for IPO <p align="justify">Penna Cement Industries has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,550 crore through an Initial Public Offering (IPO). The IPO comprises fresh issuance of shares worth up to Rs 1,300 crore, besides, an offer for sale of up to Rs 250 crore by company's promoter PR Cement Holdings.</p><p align="justify">The funds will be utilized towards repayment of certain borrowings availed by the company and for other general corporate purposes. Edelweiss Financial Services, IIFL Holdings, JM Financial and Yes Securities are book running lead managers to the issue.</p><p align="justify">The Hyderabad-headquartered firm is among the leading cement players in south India with a strong brand recall and extensive distribution network.</p><p align="justify"><br></p>
06-Nov-2018   17:39 Hrs IST PNB MetLife gets SEBI's nod for IPO
20-Oct-2018   11:32 Hrs IST Spandana Sphoorty gets SEBI's nod for IPO
20-Oct-2018   11:24 Hrs IST Bharat Hotels gets SEBI's approval for IPO
16-Oct-2018   17:45 Hrs IST Emami Cement files DRHP with SEBI for IPO
13-Oct-2018   12:43 Hrs IST Emami Cement files for IPO worth Rs 1000 crore
29-Sep-2018   11:31 Hrs IST Metropolis Healthcare files DRHP with SEBI for IPO
29-Sep-2018   11:26 Hrs IST Chartered Speed files DRHP with SEBI for public issue
29-Sep-2018   11:19 Hrs IST Narmada Bio-Chem files DRHP with SEBI for IPO

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