News

Date Heading Details
05-Mar-2019   11:15 Hrs IST MSTC gets SEBI approval for IPO <p align="justify">State-run MSTC has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). </p><p align="justify">The IPO will see sale of 17,600,000 shares, amounting to 25 percent stake, of the company through the offer for sale (OFS) route by the government. Equirus Capital is the sole book running lead manager to the issue.</p><p align="justify">The company, under ministry of steel, is engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale and development of customised solutions. It is also a major player in trading of bulk raw material.<br></p>
12-Feb-2019   11:09 Hrs IST Reliance General Insurance files DRHP with SEBI for IPO <p align="justify">Reliance Capital's wholly owned subsidiary -- Reliance General Insurance Company (RGICL) has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for Initial Public Offering (IPO). The IPO comprising fresh issue of shares worth Rs 200 crore, and an offer-for-sale of 79,489,821 shares by Reliance Capital.</p><p align="justify">Further, the company has appointed CLSA India and IndusInd Bank replacing UBS and IDBI Capital. It has also roped in Yes Securities. Other merchant bankers -- Motilal Oswal Investment Advisors, Credit Suisse Securities, Haitong Securities -- will continue to be associated with the company's IPO.</p><p align="justify">RGICL offers a comprehensive and well-diversified range of insurance products in the motor, weather and crop, health, fire and engineering, and marine insurance sectors, as well as in other miscellaneous insurance business lines.<br></p>
07-Feb-2019   14:34 Hrs IST MSTC files DRHP with SEBI for IPO
18-Dec-2018   12:23 Hrs IST Studds Accessories gets SEBI's nod for IPO
12-Dec-2018   14:29 Hrs IST Shyam Metalics gets SEBI's nod for IPO
06-Nov-2018   18:03 Hrs IST Penna Cement files DRHP with SEBI for IPO
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

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