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Wednesday, January 2, 2019

KPI Global (SME IPO) Details

January 02, 2019 0
KPI Global (SME IPO) Details
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

Tuesday, January 1, 2019

KPI Global IPO (SME IPO) opens January 8

January 01, 2019 0
KPI Global IPO (SME IPO) opens January 8
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

Wednesday, December 19, 2018

Kotak IB believes IPO markets may remain muted till elections

December 19, 2018 0
Kotak IB believes IPO markets may remain muted till elections
"There will be very few IPOs in the first half of 2019, may be only two," head for equity capital markets at Kotak Investment Banking, V Jayasankar said here on Wednesday

The comments come a day after capital markets regulator Sebi expressed concerns over the sluggish IPO activity, despite it already clearing over Rs 60,000 crore worth of issues

Tuesday, December 18, 2018

Upcoming Buyback Offers - 2018

December 18, 2018 0
Upcoming Buyback Offers - 2018

Studds Accessories IPO gets SEBI approval

December 18, 2018 0
Studds Accessories IPO gets SEBI approval
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.

With IPO market dried up, SEBI asks bankers to price it right

December 18, 2018 0
With IPO market dried up, SEBI asks bankers to price it right
The capital markets regulator Sebi on Tuesday voiced concern over the slow pace of primary issues, despite a good market condition, and asked investment bankers to do more "diligence" on the pricing front to get investors in. Chairman Ajay Tyagi said Sebi has given the go-ahead to initial public offers (IPOs) worth over Rs 60,000 crore in 2018, but many of them are yet to hit the street. Till October end, 24 companies raised Rs 30,959 crore through IPOs but most this been in the March quarter.

Last year was the best in terms of IPO fund raising, as the IPO market jumped to an all-time record of Rs 67,147.4 crore in fresh fund raising by over 120 companies, according to data from Prime Database.

When asked if the issue is pricing, he asked i-bankers to do more "diligence" while setting a price that will be acceptable to both the issuers as well as investors.

"Merchant bankers have a role to see that an issue is reasonably priced and which is acceptable to both issuers and investors," Tyagi said.

The Sebi chief seemed to suggest that domestic market conditions are better as compared to global peers, with firm macroeconomic fundamentals and said the rupee fall has also been arrested.

Tuesday, September 18, 2018

SEBI pushes to lower IPO Listing timeline to T+3 days

September 18, 2018 0
SEBI pushes to lower IPO Listing timeline to T+3 days
IndianIPOBlog has learnt that SEBI haa lowered IPO listing timeline to T+3 from current T+6

SEBI chairman Ajay Tyagi announced the decision in a press conference after a board meeting in Mumbai.

Currently, a company has to wait for six days after the closure of IPO to get listed on exchanges. The new regulation is expected to further bring down investors exposure to market volatility.

"We have been able to bring down the issue timing from T+12 to T+6 and I would like to mention that all of us have to start working now to further reduce the issue timing," Sebi chairman UK Sinha had said while addressing the annual capital market conference by Federation of Indian Chambers of Commerce and Industry in October 2016.

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KPI Global (SME IPO) Details

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 Shar...