Vodafone today said it was not against Essar conducting an Initial Public Offering (IPO) for their 33 per cent stake in Vodafone-Essar JV, but alleged the Indian firm did not provide material information to the Securities and Exchange Board of India (Sebi) and Bombay Stock Exchange (BSE) on the proposed merger of two companies. Essar, however, dismissed these allegations and said the company had already clarified its stand.

Not against Essar's IPO plan: Vodafone

Press Trust of India

Mobile tower firm Indus Towers is expected to come out with an initial public offer (IPO) sometime in the next fiscal (2011-12), Idea Cellular Managing Director Sanjeev Aga today said.

Indus Towers IPO in 2011-12: Idea Cellular MD

Market regulator the Securities and Exchange Board of India (Sebi) has given approval to Kishore Biyani-promoted Future Ventures to raise up to Rs 750 crore through an initial public offer (IPO).

Sebi gives nod to Rs 750 cr Future Ventures IPO

Intermediate chemical maker, Omkar Speciality Chemicals, plans to raise Rs 79 crore to fund its expansion plans and working capital requirements. The company is looking at investing Rs 47 crore in expanding its existing facilities (Rs 15 crore) and to set up an additional facility (Rs 32 crore). While, Rs 10 crore will be used for working capital needs, the rest is to be used for general corporate and issue expenses.

Expensive bet

Business Standard

Omkar Speciality Chemicals' initial public offer (IPO) received a smart response from investors and was oversubscribed 4.67 times, garnering total demand for over Rs 370 crore on the the final day of the issue today.

Omkar Speciality IPO subscribed 4.67 times on final day

Textile major S Kumars Nationwide (SKNL) today said it plans to come out with a Rs 1,000 crore-IPO for its subsidiary, Reid &amp; Taylor India (RTIL), by end-this fiscal.

SKNL arm Reid & Taylor's IPO by end-FY11

It&rsquo;s often said the retail interest level in an initial public offering (IPO) is a direct factor of the institutional appetite. Higher the demand from the savvy and well-informed institutional investor, the more the retail investor&rsquo;s participation. The 2011 calendar year, however, proved to be otherwise: smaller investors burnt their fingers, while their larger counterparts sat on the sidelines.

Retail investors burn fingers in IPOs

Multiple agencies to probe, regulatory crackdown on more companies expected.

Net widens on IPO rigging

City-based jewellery exporter Tara Jewels has received approval from market regulator the Securities and Exchange of India (Sebi) to launch its initial public offer (IPO), a top company official said today.

Tara Jewels gets Sebi nod for Rs 200-cr IPO

The initial public offerings (IPO) of broking firm Indo Thai Securities, transformers manufacturer M and B Switchgears, aircharter service provider Swajas Air Charters and bulk container manufacturer Flexituff International were over subscribed on the final day of the issue today.

IPOs closing today fully subscribed despite volatile mkts

Companies across the world raised $28.5 billion through initial public offerings (IPOs) during July-September period of 2011, with the Asian region accounting nearly half of the total amount garnered, according to a report by Ernst &amp; Young.

Global cos raise $28.5 bn via IPOs in Jul-Sept: E&Y

Betting on initial public offers (IPOs) of small companies could be a high-risk game. At least 15 of the 23 IPOs listed this financial year are trading below their issue price. Moreover, 12 of these are available at a 30-85 per cent discount on their IPO prices. Together, these companies managed to raise over Rs 4,000 crore.

Investors lose out to manipulation in small public offers

To look at the possibility of manipulation by some players after listing.

Sebi to probe high volatility in IPOs

The poor show by small-company initial public offer (IPO) continues. The share price of Taksheel Solutions crashed 62 per cent on listing on Wednesday. The stock closed at Rs 55.85 on the Bombay Stock Exchange, against the IPO price of Rs 150. The issue was subscribed 2.99 times, with the majority of applications coming from retail investors.

Small IPOs continue to disappoint, Taksheel Solutions falls 62% on debut

Medical equipment maker Opto Circuits (India) today said its wholly-owned subsidiary Opto Eurocor Healthcare would raise about Rs 1,000 crore through initial public offering (IPO).

Opto Circuits to raise Rs 1,000 cr through IPO

Packaging material manufacturer RDB Rasayans is entering capital market with a public issue of 4.5 million equity shares on September 21 and has fixed a price band for the issue at Rs 72-79 per equity share.

RDB Rasayans IPO to open on Sept 21

The initial public offer (IPO) of Prakash Constrowell, which is engaged in infrastructure development and civil construction, was subscribed 2.21 times on the last day of the issue today.

Prakash Constrowell IPO subscribed 2.21 times on Day 3

The initial public offer of Prakash Constrowell, engaged in infrastructure development and civil construction, was subscribed 2.21 times on the last day of the issue on Wednesday.

Prakash Constrowell IPO subscribed 2.21 times on last day 

Samvardhana Motherson Finance (SMFL) today said it had filed preliminary papers with market regulator Sebi for an initial share sale to raise about Rs 1,750 crore.

SMFL files draft papers for Rs 1,750-cr IPO

After receiving a poor response to its initial public offer (IPO) due to volatile market conditions, Swajas Air Charters has cut the price band of initial share sale offer to Rs 84-90 a share and extended the issue by five more trading sessions.

Swajas Air cuts IPO price band, defers issue

Taksheel Solutions was founded in 1999 and provides IT solutions and services to companies engaged in the wealth management business. It aims to garner up to Rs 82.5 crore via an issue of 5.5 million fresh equity shares.

Expensive solutions

Get latest updates, top stories, analysis, market, on IPOs on Business StandardMarket News: Get latest stock market news live, share market news live, NIFTY, SENSEX

Page 115 - Top Stories on IPOs