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Initial Public Offering IPO
The Finance Ministry has amended rules for minimum public offers floated by companies for getting listed on stock exchanges and linked it with post-issue capital. The Securities Contracts (Regulation) Amendment Rules, 2026, notified on March 13, states that companies with post-issue capital of more than Rs 1,600 crore and below Rs 5,000 crore will have to increase their public shareholding to at least 25 per cent within three years from the day of listing in the manner specified by the Securities and Exchange Board of India (Sebi). The rules further state that at least 2.5 per cent of each class of securities must be offered to the public at the time of listing, irrespective of the post-issue threshold. It also said that a company with post-issue capital of up to Rs 1,600 crore, at least 25 per cent of each class of equity shares or debentures convertible into equity shares issued by the company must be offered to the public. If the post-issue capital is more than Rs 1,600 crore, bu
The Finance Ministry has amended rules for minimum public offers floated by companies for getting listed on stock exchanges and linked it with post-issue capital. The Securities Contracts (Regulation) Amendment Rules, 2026, notified on March 13, states that companies with post-issue capital of more than Rs 1,600 crore and below Rs 5,000 crore will have to increase their public shareholding to at least 25 per cent within three years from the day of listing in the manner specified by the Securities and Exchange Board of India (Sebi). The rules further state that at least 2.5 per cent of each class of securities must be offered to the public at the time of listing, irrespective of the post-issue threshold. It also said that a company with post-issue capital of up to Rs 1,600 crore, at least 25 per cent of each class of equity shares or debentures convertible into equity shares issued by the company must be offered to the public. If the post-issue capital is more than Rs 1,600 crore, bu
Basmati rice exporter Amir Chand Jagdish Kumar(Exports) Ltd is set to launch its Rs 440 crore initial public offering (IPO) on March 24. The public issue will close on March 27, while the anchor investor bidding is scheduled to take place on March 23, according to the red herring prospectus (RHP). The Haryana-based company's proposed IPO will comprise a fresh issue of equity shares entirely, with no offer-for-sale (OFS) component. The company plans to utilise the net proceeds from the issue to fund its working capital requirements and for general corporate purposes. The Securities and Exchange Board of India (Sebi) granted its approval to the IPO in October 2025. The offer size has been reduced to Rs 440 crore compared to the Rs 550 crore issue size proposed in the Draft Red Herring Prospectus (DRHP) filed in June 2025. Ahead of the public issue, the company raised Rs 13 crore in a pre-IPO round by allotting 7.55 lakh shares at Rs 172 per share. Amir Chand Jagdish Kumar (Exports
State-owned National Highways Authority of India-sponsored Raajmarg Infra Investment Trust (RIIT) on Monday said the anchor portion of its upcoming IPO will be allocated to only domestic investors. The anchor book will open for subscription on March 10. "We are in advanced discussions with anchor investors regarding the investment. The anchor portion will be allocated to domestic investors," NHAI Chairman Sathosh Kumar Yadav told reporters here ahead of its Rs 6,000-crore initial public offering. Of the issue size, over Rs 1,700 crore will be allocated to anchor investors. Raajmarg Infra Investment Trust's maiden public offering will open on March 11 and close on March 13. This will be the first time, NHAI is opening its asset monetisation programme to retail investors. The InvIT's IPO price has been fixed between Rs 99 and Rs 100 per unit. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story. The public I
State-owned India Infrastructure Finance Company has received the necessary approvals to proceed with its proposed initial public offer, with the Cabinet Committee on Economic Affairs clearing its listing on stock exchanges, the company's top official has said. The approval has already been conveyed by the Department of Investment and Public Asset Management (DIPAM) to the company, IIFCL's newly appointed MD Rohit Rishi told PTI. "IIFCL (India Infrastructure Finance Company Ltd) is in the process of submitting the requisite details to the government to facilitate finalisation of the modalities, which is expected to materialise in the next financial year," he said. The Budget 2026-27 provides emphasis on disinvestment and asset monetisation. The proposed initial public offer (IPO) forms part of the government's broader disinvestment and capital market listing strategy for public sector entities. Currently, IIFCL is 100 per cent owned by the central government. Established in 2006, i
State-owned India Infrastructure Finance Company has received the necessary approvals to proceed with its proposed initial public offer, with the Cabinet Committee on Economic Affairs clearing its listing on stock exchanges, the company's top official has said. The approval has already been conveyed by the Department of Investment and Public Asset Management (DIPAM) to the company, IIFCL's newly appointed MD Rohit Rishi told PTI. "IIFCL (India Infrastructure Finance Company Ltd) is in the process of submitting the requisite details to the government to facilitate finalisation of the modalities, which is expected to materialise in the next financial year," he said. The Budget 2026-27 provides emphasis on disinvestment and asset monetisation. The proposed initial public offer (IPO) forms part of the government's broader disinvestment and capital market listing strategy for public sector entities. Currently, IIFCL is 100 per cent owned by the central government. Established in 2006, i