IPO Update

IRCTC Strong Stock Market Listing Review by Epic Research

IRCTC Strong Stock Market Listing Review by Epic Research

IRCTC listed with nearly 100 percent gains over the issue price. The IPO of government-owned railways catering company has received a strong response from the market.

IRCTC Stock lists at double the IPO Price on NSE

IRCTC Stock lists at double the IPO Price on NSE

IRCTC IPO has become the best performing IPO in the last three years as the railways operator listed on stock markets at INR 685.

Sterling and Wilson Solar Limited lists at Rs 700 with lackluster response

Sterling and Wilson Solar Limited lists at Rs 700 with lackluster response

Shapoorji Pallonji Group company Sterling and Wilson Solar Limited debuted on stock exchanges at ₹700, nearly 10 percent lower from its issue price of ₹780. The solar engineering and construction company issue failed to list at premium as many analysts were expecting.

Standard Chartered Bank to raise $1 billion through IDR

Standard Chartered BankStandard Chartered Bank plans to raise at least $1 billion through an Indian Depository Receipts (IDR) issue in the local markets.

According to latest reports, the lender has already appointed JM Financial and UBS AG as lead managers for what could be the first IDR issue by a global player.

Apart from this, the bank has also appointed Goldman Sachs, Bank of America and Kotak Mahindra to manage the issue.

Adani Power approaches SEBI with revised draft papers for IPO

Adani Power approaches SEBI with revised draft papers for IPO With its first attempt to come out with an initial public offer (IPO) last May being ruined because of difficult market conditions, Adani Power Ltd has again approached the market regulator SEBI with its revised IPO proposal. The company projects proceeds over Rs 2,000 crore from the public issue.

NHPC to hold IPO till market conditions stabilize

NHPCState-owned NHPC, a hydroelectric power generating company, revealed in a statement, that it would come out with its initial public offer, only after the market conditions improve.

Mr. SK Garg, Chairman and Managing Director of the company said, "IPO is on hold till market conditions stabilize."

Last year in October, the company has planned initial public offer (IPO) of 167 crore equity shares, which latter the company called off due to volatile market conditions.

The company has plans to raise funds for its future expansions and part finance the construction and development costs of certain of identified projects.

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