State-owned Mazagon Dock Shipbuilders is likely to raise Rs 500-600 crore through an initial public offer (IPO) by the end of this month, a senior company official said Wednesday. The public sector undertaking had in August last year received Sebi's go ahead to float the initial share sale.

Mazagon, a leading shipyard of the country, would see sale of over 2.24 crore equity shares, amounting to 10 percent stake of the government.

The offer will also have a portion for employees, which will not exceed 5 per cent of the post offer paid up equity share capital of the company.

The IPO is part of the government's efforts to garner Rs 80,000 crore through stake sales in state-owned companies in 2018-19.

This one's clearly a surprise!

In a market with heavy negative investor sentiment, the Anil Ambani-led Reliance group is planning an initial public offering (IPO) of a group company as early as this financial year. Reliance General Insurance Company will re-file its IPO document with market regulator Securities and Exchange Board of India (Sebi) this week, according to investment banking sources.

The company is hoping to obtain pending regulatory approvals soon, and targeting to list before March-end

Reliance General had all the approvals in place last year, but couldn't launch its IPO because of challenging market conditions and negative sentiments towards the group companies. While not much has changed on that front, the company and bankers are hopeful that the issue would sail through as the general insurer has shown an improvement in performance.

It will be intriguing to note how market will react to this given the heavy negative publicity towards ADAG

Source: BusinessStandard

KPI Global (SME IPO) Details

Issue Open Jan 8, 2019 - Jan 11, 2019

Issue Type Fixed Price Issue IPO

Issue Size 4,992,000 Eq Shares of Rs 10

Face Value Rs 10 Per Equity Share

Issue Price Rs 80 Per Equity Share

Bid Lot        1600 Shares

The first SME IPO for 2019: KPI Global IPO would open for subscription from January 8, 2019. The IPO would remain open for subscription till January 11, 2019

K.P.I. Global Infrastructure Limited is a company engaged in solar power generation. The company provides solar power, both as an Independent Power Producer under the brand name of 'Solarism' and as a service provider to Captive Power Producer ("CPP") customers.

K.P.I Global builds, owns, operates and maintains grid-connected solar power projects as IPP. It generates revenue by entering into Power Purchase Agreements with third parties for selling power generated through its solar projects. It has entered into bilateral PPA's with reputed businesses such as Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited.

Stay tuned for more on KPI Global Infrastructure SME IPO

Given below is list of buyback offers lined up

Studds Accessories Ltd, manufacturer of helmets and two-wheeler accessories, has received markets regulator Sebi’s approval to float an initial share sale.

The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO), obtained Sebi’s observations on December 14, latest data with the capital markets watchdog showed.

Sebi’s observations are necessary for any company to launch public issues like initial public offer, follow-on public offer and rights issue.

Studds Accessories’ IPO comprises fresh issuance of shares worth ₹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, according to the draft papers.