Apply IPO

Lets Talk About Applying IPO's Before investing.

Powerica May Also Relaunch Its Initial Public Offer

Powerica May Also Relaunch Its Initial Public Offer (IPO):

Powerica, the manufacture and installer of generators, has re-energised its initial public offer (IPO) plans and is likely to hit the primary markets soon, post witnessing a slowdown affecting its IPO talks in 2011.

The company is looking to raise Rs 800 crore and market buzz suggests that it is in talks with various banks to file the draft prospectus.

The generator manufacturer in 2011 had shelved its IPO plans looking at the weak secondary market conditions. It had filed its prospectus with the SEBI, eyeing to raise Rs 600 crore through issuance of 41 lakh equity shares.

Standard Chartered Private Equity (SCPEL) which had invested Rs 150 crore in Powerica and bought Rs 50 crore from one of its promoters in October 2007 is planning to part-exit its 10 -year-old investment through this IPO.

At present, SCPE enjoys about 11.7% stake in the company. Though, how much it would sell is not ascertained.

Market Update:

If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.

Tejas Networks Ltd (TNL) IPO also listed successfully. Eris Lifesciences Ltd IPO (ELL IPO) lists at par. Now Central Depository Services Ltd IPO (CDSL IPO) also listed at over 75% premium.

While Au Financiers IPO Grey Market Premium (AUFIL GMP) also started trading at Rs 78 – Rs 80 per equity share.

GTPL Hathway Ltd IPO (GTPL IPO) finally also able to subscribe fully. While Au Financiers Ltd (AUFL) IPO is also going to be active from June 28, 2017 – June 30, 2017.

GTPL Hathway IPO Grey Market Premium (GMP) is still not active.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.

If you like to have a Chance to Win a Smart Phone just Like and share us.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apply IPO © 2018