Draft Red Herring News Today

Scheme aims to installing rooftop solar panels in 10 million homes in India

​Mumbai-based Rays Power Infra on Tuesday announced that the firm has filed a Draft Red Herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO).

With general elections looming next year, a lot of companies want to have their fundraising out of the way before then. Even more importantly, the economy, which the IMF forecasts will grow by a world-beating 6.3 per cent this year, is looking good to investors

Stanley Lifestyles: According to the information provided in the Draft Red Herring Prospectus (DRHP), as of that date, the Oman India Joint Investment Fund holds 13.86 million shares, or 26.86% of the Company and it plans to sell 5.54 million shares in the Offer for Sale (OFS).

The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders.

Honasa Consumer Ltd., which owns FMCG brands Mamaearth and The Derma Co., and healthcare tech firm Indegene Ltd. have received markets regulator SEBI's clearance to raise funds through Initial Public Offerings (IPOs). In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd. obtained SEBI's go-ahead to float the initial share sale.

Credo Brands Marketing: The IPO with a face value of Rs 2 is a complete offer for sale (OFS) of up to 19.63 million shares by Promoter, Promoter Group and other selling shareholders.

If the listing plans fructify, NSDL would become the second depository services company to be listed on the domestic bourses, post the bumper market debut of peer CDSL in 2017

If the listing plans come to fruition, NSDL will become the second depository services company to be listed on domestic stock exchanges, following the successful market debut of its peer, Central Depository Services Limited (CDSL), in 2017

Post IPO, the dates of which are not yet announced, the stock would be listed on BSE. The IPO includes a reservation of equity shares for subscription by eligible employees.