REL files DRHP for Reliance Power’s IPO
Reliance Energy has filed DRHP for Reliance Power’s IPO with Sebi.
Reliance Energy holds 51% in Reliance Power. The company will offer 130 crore equity shares of Rs. 2 face value via this IPO. It includes 16 crore equity shares to promoters and net issue of 114 crore shares to the public, which constitutes 10.1% of power issue capital of the company. Total issue constitutes 11.5% of post issue capital
The issue is being made through 100% book building process.
Transformers and Rectifiers IPO Files for DRHP with SEBI
Transformers & Rectifiers India has filed papers with Securities and Exchange Board of India for its 29.95-lakh share initial public offering. The company plans to take the 100 per cent book building process.Net issue would constitute 22.01 per cent of the fully diluted post issue paid-up capital. The company manufactures transformers up to 220 kV class, having an installed capacity of 7,200 MVA transformers per annum.
Transformers & Rectifiers plans to raise over Rs. 96 crore via the public offering to set up green-field transformer manufacturing facility at Moraiya, near Ahmedabad and to part-finance incremental working capital requirements
Tata Technolgies – Planning IPO
Tata Technolgies is planning for a IPO next year , Tata Technologies, the engineering design and technology arm of India’s leading corporate house, is looking to tap the capital market through an initial public offer by next year.