JSW Cement gets Sebi nod for Rs 4,000 crore IPO
16 hours, 36 minutes ago

JSW Cement gets Sebi nod for Rs 4,000 crore IPO

New Indian Express  

MUMBAI: JSW Cement has finally received the regulatory approval to float a Rs 4,000 crore initial share sale plan. The Sebi had kept the issuance of observations on draft papers of JSW Cement in abeyance since September reportedly for alleged violations of inter-se transfer of investments held by Hexa Securities and Finance Co, in which several Jindal family members, including JSW group chairman Sajjan Jindal, were directors. The issuer intends to utilise Rs 800 crore of issue to part finance a new integrated cement unit at Nagaur in Rajasthan and Rs 720 crore to repay debt. The cement manufacturer has already deployed Rs 287.8 crore into the Nagaur unit till June 2024, which will involve a total investment of Rs 2,697 crore.

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History of this topic

Standard Glass to Capital Infra: 3 IPOs to raise over Rs 2,200 crore next week
1 week, 5 days ago

Standard Glass to Capital Infra: 3 IPOs to raise over Rs 2,200 crore next week

India Today  

The new year is set to begin with a strong start for India’s IPO market, as three initial public offerings are scheduled to open for bidding next week. The listings include Capital Infra Trust, Standard Glass Lining, and Quadrant Future Tek, with Capital Infra Trust being the largest of the three. While Standard Glass Lining opens on January 6, both …

Zerodha’s Kamath brothers fund, Groww’s parent entity, Share India among 4 to invest in Metropolitan Stock Exchange
2 weeks, 6 days ago

Zerodha’s Kamath brothers fund, Groww’s parent entity, Share India among 4 to invest in Metropolitan Stock Exchange

Live Mint  

Indian Stock Markets: Metropolitan Stock Exchange of India Ltd will see investments by Billionbrains Garage Ventures, Zerodha’s Kamath brothers Fund Rainmatter, Share India Securities Ltd & Securocorp Securities India Private Limited As per Metropolitan Stock Exchange of India Ltd's announcement quoted by CNBC TV 18 in a tweet, the board of directors of Metropolitan Stock Exchange of India at its …

Explained: Why India Cements share price surged 11% today
Trending News
3 weeks, 1 day ago

Explained: Why India Cements share price surged 11% today

India Today  

Shares of India Cements Ltd surged 11% on Monday following news of UltraTech Cement receiving approval from the Competition Commission of India to acquire a majority stake in the company. UltraTech Cement plans to acquire 10,13,91,231 equity shares of India Cements, each valued at Rs 10. The acquisition deal was first announced on July 28, 2024, with UltraTech Cement revealing …

Upcoming IPO: Innovision files fresh DRHP with SEBI, reduces issue size to ₹255 crore. Check details
4 weeks, 2 days ago

Upcoming IPO: Innovision files fresh DRHP with SEBI, reduces issue size to ₹255 crore. Check details

Live Mint  

Upcoming IPO: Innovision Limited, a company providing manpower and toll plaza management services, has refiled its Draft Red Herring Prospectus for an Initial Public Offering after the Securities and Exchange Board of India returned its previous submission made on August 19. The company has revised its IPO structure, lowering the fresh issue size to ₹255 crore from the earlier ₹315 …

IPO Update: Kolkata-based Crizac refiles IPO papers with SEBI
1 month, 3 weeks ago

IPO Update: Kolkata-based Crizac refiles IPO papers with SEBI

Live Mint  

IPO Update: Kolkata-based Crizac has refiled papers with market regulator Securities and Exchange Board of India for an initial public offering. In the six months ending September 30, 2023, as well as during the last three fiscal years, Crizac Limited facilitated enrollment applications from over 75 countries through its registered agents using its technology platform. The company's pro forma consolidated …

Upcoming IPO: Construction material supplier ArisInfra Solutions gets SEBI nod for ₹600-crore public issue
1 month, 3 weeks ago

Upcoming IPO: Construction material supplier ArisInfra Solutions gets SEBI nod for ₹600-crore public issue

Live Mint  

ArisInfra Solutions IPO: ArisInfra Solutions Limited received the green signal from the Securities and Exchange Board of India to launch its initial public offering. ArisInfra Solutions Limited is a business-to-business firm which uses technology to simplify and digitise the procurement process for construction materials. ArisInfra Solutions IPO Details ArisInfra Solutions Limited aims to raise ₹600 crore through the public issue, …

Upcoming IPO: Rekha Jhunjhunwala-Backed Bazaar Style Retail Submits Papers For Maiden Offer, Check Details
4 months, 3 weeks ago

Upcoming IPO: Rekha Jhunjhunwala-Backed Bazaar Style Retail Submits Papers For Maiden Offer, Check Details

ABP News  

Bazaar Style Retail, backed by Rekha Rakesh Jhunjhunwala, submitted the red herring prospectus with the Securities and Exchange Board of India for its initial public offering. The prospectus of the company showed that the maiden listing includes a fresh issue of equity shares worth Rs 148 crore and an offer-for-sale of 1.7 crore equity shares being sold by promoter group …

JNK India listing: Shares make stellar debut at 50% premium over IPO price
8 months, 2 weeks ago

JNK India listing: Shares make stellar debut at 50% premium over IPO price

Hindustan Times  

JNK India listing: Shares of JNK India Limited made debuted today at ₹621, a premium of 50 percent over the issue price of ₹415. JNK India listing: Shares make stellar debut at 50% premium over IPO price JNK India IPO subscription details JNK India's ₹649.47-crore initial public offer witnessed a subscription of 28.13 times as investors bid for 31.17 crore …

JNK India IPO: Check date for public subscription, price band and more
8 months, 3 weeks ago

JNK India IPO: Check date for public subscription, price band and more

Hindustan Times  

The stock markets may not have done very well last week, but there will be no let up in the action in the initial public offering sphere with a number of new issues set to make their debut. * JNK India is coming into the market with a ₹650-crore initial public offering * JNK India IPO price band is in …

JG Chemicals IPO last day: Subscription, GMP, review. Should you apply?
10 months, 1 week ago

JG Chemicals IPO last day: Subscription, GMP, review. Should you apply?

Hindustan Times  

JG Chemicals IPO: The initial public offering for JG Chemicals opened for subscription on March 5. Check all details here JG Chemicals IPO: Subscription status On the second day of the IPO, the subscription status was 6.40 times, as per BSE data while the retail investors portion has been subscribed 8.32 times, Non Institutional Investors portion 9.64 times, and Qualified …

JSW to invest ₹65,000 cr for new steel plant in Odisha
10 months, 4 weeks ago

JSW to invest ₹65,000 cr for new steel plant in Odisha

Live Mint  

JSW Steel Ltd, India’s largest steelmaker by capacity, will invest ₹65,000 crore to set up one of its biggest manufacturing plants, in Odisha, adding to the country’s efforts to boost production of the alloy. JSW Steel, part of the $23-billion JSW Group, is establishing a greenfield complex in the industrial city of Paradip that will include a steel plant with …

JK Lakshmi Cement Q1 Results: Net profit drops 30% to ₹79 crore, revenue up 5%
1 year, 5 months ago

JK Lakshmi Cement Q1 Results: Net profit drops 30% to ₹79 crore, revenue up 5%

Live Mint  

JK Lakshmi Cement Q1 Results: JK Lakshmi Cement announced its April-June quarter results for fiscal 2023-24 on July 27, reporting a decline of 30 per cent in consolidated net profit at ₹79.7 crore, compared to ₹115 crore in the corresponding period last year. The cement manufacturer's revenue from operations in the first quarter of current fiscal stood at ₹1,730.25, registering …

Andhra Pradesh approves Rs 23,985 crore worth investment projects
2 years, 1 month ago

Andhra Pradesh approves Rs 23,985 crore worth investment projects

Deccan Chronicle  

VIJAYAWADA: The State Investment Promotion Board meeting chaired by Chief Minister Y.S. SIPB approved JSW Steel’s proposal to set up a plant in Kadapa at a cost of Rs 8,800 crore and also for pumped hydro storage projects to be set up by Adani Green Energy and Shirdi Sai Electricals. JSW Steel Limited would invest the money in two phases …

Sebi extends approval to THESE four companies for initial public offerings
2 years, 2 months ago

Sebi extends approval to THESE four companies for initial public offerings

India TV News  

Markets regulator Sebi has given its nod for the proposed initial public offerings of four companies -- BIBA Fashions Ltd, Keystone Realtors Ltd, Plaza Wires Ltd and Hemani Industries Ltd. The proposed IPO comprises fresh issuance of equity shares worth Rs 90 crore and an Offer For Sale of 2.77 crore equity shares by the promoter and existing investors, as …

Delhivery Gets Sebi’s Go-Ahead To Raise Rs 7,460 Cr Via IPO
2 years, 11 months ago

Delhivery Gets Sebi’s Go-Ahead To Raise Rs 7,460 Cr Via IPO

ABP News  

New Delhi: Delhivery, the supply chain firm, has received Sebi’s approval to raise Rs 7,460 crore through an initial public offering. The IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale component of Rs 2,460 crore by existing shareholders, according to the draft red herring prospectus, PTI reported. According to the draft papers, …

Delhivery's Rs 7,460-Crore IPO Coming Soon. Date, Issue Size, Key Details
2 years, 11 months ago

Delhivery's Rs 7,460-Crore IPO Coming Soon. Date, Issue Size, Key Details

News 18  

Delhivery IPO: Logistics services firm Delhivery has reportedly received a green signal from the Securities and Exchange Board of India to float is Rs 7,460 crore initial public offering, or IPO. The dates, lot size and share price of the Delhivery IPO has not been announced yet, as there was no official notification issued regarding the IPO. The Gurugram-based logistics …

GoAirlines, Adani Wilmar Among 38 Approved IPOs; Upcoming IPOs You Should Look Out For
3 years ago

GoAirlines, Adani Wilmar Among 38 Approved IPOs; Upcoming IPOs You Should Look Out For

News 18  

Upcoming IPOs in 2022: The stock market is set to remain busy in the current year, experts have predicted, with more and more companies rushing to float their initial public offerings or IPOs in the coming months. Emcure Pharmaceuticals, ESDS Software Solutions, AGS Transact Technologies, Tracxn Technologies, Adani Wilmar, ESAF Small Finance Bank, Go Airlines, Arohan Financial Services, Paradeep Phosphates, …

MTAR Technologies' IPO oversubsribed nearly three times on opening day; bids for 2.17 crore shares placed
3 years, 10 months ago

MTAR Technologies' IPO oversubsribed nearly three times on opening day; bids for 2.17 crore shares placed

Firstpost  

While retail investors led the charge placing bids 5.66 times the portion reserved for them, the portion reserved for non-institutional investors has 76% subscription The Rs 596 crore initial public offering by Hyderabad-based MTAR Technologies was over-subscribed nearly three times the issue size within hours of opening for bids by public investors on Monday, reports said. The IPO has received …

Enforcement Directorate against court relief for Srini, India Cements
4 years, 10 months ago

Enforcement Directorate against court relief for Srini, India Cements

Deccan Chronicle  

Hyderabad: The Enforcement Directorate on Thursday submitted that it had substantial evidence about money laundering by Mr N. Srinivasan and his India Cements in companies owned by Y.S. It pointed out to investments to the tune of Rs 140 crore, made by India Cements Ltd in Jagan’s companies at a exorbitant premiums of up to 1300 percentage more than the …

JSW Cement to invest Rs 2,000 cr to take capacity to 20 MT by 2020; firm's IPO likely to hit market by March 2021
5 years, 10 months ago

JSW Cement to invest Rs 2,000 cr to take capacity to 20 MT by 2020; firm's IPO likely to hit market by March 2021

Firstpost  

JSW Cement hopes to ramp up its capacity further to 30 mtpa after going public with the addition of 5 mtpa each in Rajasthan and Chhattisgarh. Mumbai: JSW Cement plans to invest around Rs 2,000 crore to achieve the target of 20 million tonne annual capacity by December 2020, a top company official said. “With the commissioning of enhanced capacity …

Global Investors Meet to redeem Tamil Nadu's image
5 years, 11 months ago

Global Investors Meet to redeem Tamil Nadu's image

Deccan Chronicle  

Chennai: The Global Investors Meet 2019 begins its two-day marathon mission on Wednesday to bring in massive investments from across the globe into Tamil Nadu and perhaps redeem the state’s slipped-up ranking as an investment destination. During the last one month, the state cabinet cleared investment proposals worth Rs 65,000 crore, which are expected to be signed at GIM 2019. …

Jindal plans ₹4,500 crore IPO for JSW Cement in 2020
6 years, 1 month ago

Jindal plans ₹4,500 crore IPO for JSW Cement in 2020

Live Mint  

Mumbai: The Sajjan Jindal-run JSW Group is planning to divest a quarter of the promoter holdings in its cement business through a public issue of around ₹ 4,500 crore by 2020. JSW Cement is on an aggressive expansion plan to take annual installed capacity to 20 million tonne by 2020 from the present 12.8 mt, which will reach 14 mt …

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