Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Two IPOs worth over Rs.12,300 cr to hit market this week

Two IPOs worth over Rs.12,300 cr to hit market this week

Monday, October 09, 2017

Two companies -- Indian Energy Exchange and General Insurance Corporation Of India -- are set to launch their initial public offerings this week to raise about Rs 12,371 crore.

Indian Energy Exchange plans to raise Rs 1,001 crore through its initial share sale offering. It has fixed a price band of Rs 1,645- 1,650 per share for its public issue.

The issue by which the company is selling 60,65,009 shares or 20% of the post-issue paid-up capital will be open for subscription during October 9-11.

IEX is India's first power exchange providing automated trading platform for electricity (for physical delivery) and renewable energy certificates.

State-owned General Insurance Corporation of India's (GIC Re) Rs 11,370-crore IPO is in a price band of Rs 855-912 per share.

The IPO will open on October 11 and close on 13. Through the initial share sale, the national reinsurer will dilute 14.22% of its post-offer paid-up equity share capital. Of this, the government will dilute 12.26% stake and the balance 1.96% by the Corporation itself, the company had said last week.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
City news
ACB lodge disproportionate assets case against BM
On one hand, the opposition members in the ...
MHADA repairs underway at time of incident
I am 33 year old man. I want to know whether ‘del
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will do well at work and monetary gains are indicated. Perhaps you may be cited for an honor for a recent achievement. Those who have been unwell will make a quick recovery. A happy occasion will be celebrated in the family. This maybe something, you have been really looking forward to. You shine out at a social gathering as a charming attractive person. A meeting with a new friend has the makings of a torrid romance.
- Advertising -
“Today more than 1.65 crore employers have subscr
India Inc is promising better pay hikes of 10-15%
The government needs to accord top priority to ag
Read More