Steamhouse India files updated draft papers with SEBI; eyes ₹425 cr via IPO

[ad_1] Steamhouse India. Photo Credit: Special Arrangement Steamhouse India, a supplier of industrial steam and gas, has filed updated draft papers with market regulator SEBI to raise ₹425 crore through its Initial Public Offering (IPO). The IPO will be a combination of a fresh issue of shares worth ₹345 crore along with an Offer For […]

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SEBI takes stricter approach in IPO clearance; returns draft paper of 6 companies

[ad_1] After Paytm’s IPO fiasco, SEBI has turned cautious while giving clearance to the initial share sales as it has returned the preliminary papers of half a dozen companies, including Oravel Stays, which operates hospitality chain OYO, in over two months. These companies have been asked to re-file their draft red herring prospectus (DRHP) with […]

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SEBI penalises 10 entities for diverting IPO proceeds in Birla Pacific Medspa case

[ad_1] The order came after SEBI conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7 to 15, 2011 The order came after SEBI conducted an investigation into the initial public offer of Birla Pacific Medspa Ltd (BPML) for the period July 7 to 15, 2011 […]

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SEBI tightens IPO rules; mandates issuer to disclose offer price based on past transactions, fund raising

[ad_1] The move came against the backdrop of many new-age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the IPO route to raise funds The move came against the backdrop of many new-age companies, that do not have a track record of […]

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