TD Power Systems IPO Allotment Status has been declared and can now be checked online from the link provided below

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PG Electroplast IPO Price Band has been fixed at Rs.190/- to Rs.210/- per equity share for a share of Rs.10/- each. PG Electroplast is an electronic manufacturing services provider, whose IPO would open for subscription from tomorrow, September 7, 2011

The company manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufacture printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL

Stay tuned to Indian IPO Blog for the latest updates on the PG Electroplast IPO!

Finally, the date for the opening of Follow-on Public Offer of Oil and Natural Gas Corporation Limited (ONGC) has been declared. The FPO would open for subscription from Tuesday, September 20, 2011

The Issue would consist of 42,77,74,504 Equity Shares. This would comprise of a net offer to the public of 41,92,21,336 equity shares and a reservation of 85,53,168 equity shares for subscription by eligible employees

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC contributes significantly to India's crude oil production and natural gas production

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PG Electroplast Limited, an electronic manufacturing services provider, is entering capital market with a public issue of 57.45 Lakh Equity Shares of Rs.10/- each on September 7, 2011. The company manufactures and assembles a comprehensive range of consumer electronic components and finished products such as colour television (CTV) sets & components, air conditioners (ACs) sub-assemblies, DVD players and Compact Fluorescent Lamps (CFL) for third parties. As backward integration, it also does plastic injection moulding and manufacture printed circuit boards (PCB) assemblies for CTVs, DVD players and CFL

PG Electroplast Limited intends to use that money for prepayment of the portion of term loan and line of credit facility proposed to be availed by company for the expansion under Phase I; expansion of manufacturing facility at Unit III, Greater Noida; expansion of manufacturing facility at Unit IV, Pune; and for long term working capital requirements

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The Government of India owned Rashtriya Ispat Nigam Limited (RINL) (Vizag Steel) is planning to come up with an Initial Public Offer (IPO) of Equity Shares as part of the Goverment's divestment strategy. The Department of Disinvestment in the Ministry of Finance, Government of India has invited request for proposals from merchant bankers to engage Book Running Lead Managers to handle the issue

Rashtriya Ispat Nigam Limited is a wholly owned Government of India enterprise under the administrative control of the Ministry of Steel. The Company, incorporated in February 1982, is involved in the production and marketing of carbon steel products in the long category and basic grade pig iron, through its operating unit at Visakhapatnam, Andhra Pradesh. The present steel production capacity of RINL is 2.9 million tonnes per annum

In order to facilitate the listing of RINL, the Government is considering the disinvestment of 10% paid-up equity share capital of the Company out of Government of India's 100% shareholding, through an Initial Public Offer in the domestic market

Stay tuned for the latest updates on RINL IPO!

Bharat Heavy Electricals Limited, the electrical equipment heavyweight, is planning to come up with a Follow-on Public Offer (FPO) in line with Government's divestment plans. The Cabinet Committee of Economic Affairs (CCEA) has approved disinvestment of 5% paid up equity of Bharat Heavy Electricals (BHEL) through a Follow-on Public Offer (FPO)

Bharat Heavy Electricals Limited (BHEL) is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector, today. BHEL was established more than 40 years ago, ushering in the indigenous Heavy Electrical Equipment industry in India. The company has been earning profits continuously since 1971-72. BHEL caters to the core sectors of the Indian Economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil & Gas and Defence. BHEL's operations are organised around three business sectors, namely Power, Industry - including Transmission, Transportation and Renewable Energy - and Overseas Business

Although the availability of discount or otherwise has not yet been confirmed, it would be interesting to note whether the company announces a Retail Discount as well along with an Employee Discount. Currently, the Government of India holds 67.72% stake in BHEL. It plans to divest around 5% of its stake through the proposed Follow-on Public Offer. Consequent to the FPO, the Government's stake in the company would be reduced to 62.72%

Stay tuned to Indian IPO Blog for the latest updates on BHEL FPO!