FOLLOW ON PUBLIC OFFER
Multibagger AI stock in focus after bagging Rs 1,000 crore term sheet to provide Nvidia Blackwell GPUs
E2E Networks will be in focus after signing a binding term sheet worth approximately Rs 1,000 crore with an Indian sovereign AI company to provide NVIDIA Blackwell cloud GPUs and allied services until June 2029. The development comes alongside the company’s Rs 1,500 crore fundraising plan and strong Q1 FY27 performance.
‘Trust is greater than any legal right’: Gautam Adani a day after US case dismissal
In light of the dismissal of a US criminal case against him, Gautam Adani shared his views replete with humility, reinforcing his trust in the justice system. The Adani Group's withdrawal of its FPO came after serious allegations, yet business proceeded as usual thanks to loyal employees and partners. Adani called upon his team to prioritize nation-building and the development of sustainable institutions.
ONGC to discuss bonus issue on Thursday to up liquidity
Issuing bonus shares increases the issued share capital of the company, which is then perceived as being bigger than it really is, making it more attractive to investors.
Coal India slips in red on divestment reports
Shares of Coal India were witnessing selling pressure in early trade after reports that the government may go ahead with plans to divest 5 per cent stake through follow-on public offer (FPO).
Government likely to appoint bankers for Oil India's follow-on public offer
The government is likely to appoint bankers for a follow-on public offer of Oil India, the nation's second biggest explorer.
Indian Bank may tap capital market next fiscal; come out with FPO
State-owned Indian Bank today said it may come out with follow-on public offer (FPO) next fiscal if market conditions are conducive.
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SAIL FPO likely by June 14; to seek Sebi nod by month-end
The much awaited Rs 8,000 crore follow-on public offer of state-run SAIL is likely to hit the capital markets by around June 14.
PFC FPO oversubscribed 4.32 times on final day
The follow-on public offer of state-run Power Finance Corporation was oversubscribed by 4.32 times on the final day of the issue.
PFC FPO subscribed 15 pc on second day
The follow-on public offer of state-run Power Finance Corporation got subscribed 15 per cent on the second day of issue today.
Indian Bank plans to come out with Rs 1,500 crore FPO by September
Under the board resolution, the bank will issue 10 per cent fresh shares in addition to its current equity base of around Rs 430 crore.
Tata Steel not looking to issue warrants with equities
Amid reports that Tata Steel may launch its follow-on public offer (FPO) later this month, the company today said it does not require issuing warrants to the tune of Rs 1,100 crore approved recently by the government.
Power Grid FPO subscribed 10 times on Day 3
Power Grid Corporation of India's follow-on public offering was subscribed nearly 10 times on the third day of the book-building process.
Expect 37% upside from Power Grid’s FPO price: Motilal Oswal
Motilal Oswal has maintained ‘Buy’ recommendation on Power Grid Corporation after the state owned company has entered the capital market to raise around Rs 7600 crore via follow-on public offer.
Investors lap up Engineers India issue
Global funds such as Morgan Stanley, UBS, Temasek and several large local funds and banks have emerged as the leading bidders in the Rs 977-crore follow-on public offer (FPO) of state-owned company Engineers India (EIL).
'Hind Copper value just a third of its m-cap'
Bankers managing the follow-on public offer of Hindustan Copper have pegged the top valuation of the state-run company at less than a third of its current market value.
EIL falls 13% after govt fixes FPO band
Shares of state-run Engineers India plummeted by nearly 13%, a day after the government set the price band of the company’s follow-on public offer at `270-290, which is at a discount from the current market price.
Power Grid's FPO gets govt clearance, to issue 10% fresh equity
The government has approved a 10% stake sale in state-owned transmission utility Power Grid Corporation by October this year through a follow-on public offer (FPO).
EIL follow-on public offer opens on July 27
State-run Engineer India Ltd's follow-on public offer through which the government is likely to mop-up at least Rs 1,000 crore will open on July 27.
Hindustan Copper appoints five banks for FPO
State-run Hindustan Copper (HCL) has appointed five bankers to run their Follow-on Public Offer. The appointed bankers are UBS-SMC Capital, Kotal Mahindra, I-Sec, BoAML and SBI Caps, sources said.
I-bankers value Hindustan Copper at deep discount to m-cap
Bankers vying to manage state-run Hindustan Copper’s proposed follow-on public offer have valued the company at a huge discount to its market capitalisation.
EIL FPO likely in mid-July; 4 merchant bankers shortlisted
In a second disinvestment this fiscal, state-run consultancy firm Engineers India is likely to come out with a follow-on public offer in mid-July to raise around Rs 1,200 crore.
NMDC FPO price band at Rs 300-350
The government has fixed a price band of Rs 300-350 for the follow-on public offer of mining giant NMDC.
REC to stick to French auction method for FPO
tate-owned Rural Electrification Corporation, or REC, which plans to raise around Rs 4,000 crore through a follow-on public offer, on Monday said it will use a relatively traditional method of bidding.
Heard on the street: Punters ramp up NMDC ahead of FPO
The run-up in the share price of the NMDC counter over the past week has once again raised the bogey about valuations among investment bankers managing the company’s impending follow-on public offering.
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