News

Date Heading Details
18-Dec-2018   12:23 Hrs IST Studds Accessories gets SEBI's nod for IPO <p align="justify">Studds Accessories has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises fresh issuance of shares worth Rs 98 crore besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders. </p><p align="justify">The company, which filed the draft red herring prospectus with the SEBI in August, got the regulator's approval on December 14. The objects of the offer are to part-finance the motorcycle helmet and accessories as well as bicycle helmet manufacturing facilities in Faridabad and for general corporate purposes. Edelweiss Financial Services and IIFL Holdings are book running lead managers to the issue. </p><p align="justify">Studds Accessories is one of the leading manufacturers and exporters of Helmets &amp; two wheeler accessories in India.<br></p>
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
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

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