Banks, issuers look to election to end IPO drought

THE ECONOMIC TIMES Sun, Mar 30, 2014 | 10:01 AM IST IPO Newsletter

Banks, issuers look to election to end IPO drought Banks, issuers look to election to end IPO drought Fresh equity sales in India slowed sharply in 2013 to $9.4 billion, down from $15 billion in 2012 and a record $31 billion in 2007. Indian Hotels to raise Rs 1,000 cr via rights issue Indian Hotels to raise Rs 1,000 cr via rights issue The company in its board meeting held today approved the scheme to raise up to Rs 1,000 crore by issuing compulsory convertible debentures. Dena Bank to raise Rs 366 cr from LIC, GIC Dena Bank to raise Rs 366 cr from LIC, GIC Dena Bank today said it will raise Rs 366 cr via a preferential allotment of shares to the public sector insurers LIC of India and GIC. Tata Power's Rs 2K cr rights issue to open on Mar 31 Tata Power's Rs 2K cr rights issue to open on Mar 31 The company will offer 33.22 crore equity shares with a face value of Re 1 each for cash at Rs 60 a share for an aggregate amount of up to Rs 1,993.38 cr. MCX-SX ongoing rights issue may face turbulence MCX-SX ongoing rights issue may face turbulence Many of the 16 state owned banks and financial institutions, which together own little over 80% of the bourse are reluctant to participate.

Company Name Issue Size Status Date of Relevance Volume   Loha Ispaat Ltd. 1233793022.00 Close 11/03/2014 to 25/03/2014 77.00 Maiam Global Foods Ltd. 55800000.00 Close 20/02/2014 to 28/02/2014 62.00 Engineers India Ltd. 1742667150.00 Close 06/02/2014 to 12/02/2014 150.00

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