Reliance General Insurance Company, a wholly-owned subsidiary of Reliance Capital, has initiated the process of filing fresh papers for an initial public offer (IPO). The company has already applied to the Insurance Regulatory and Development Authority of India (IRDAI) for ‘revalidation’.
Confirming SEBI concerns, funds raised from capital market this year was down 60 per cent this year at ₹63,744 crore from the all-time high of ₹1,60,032 crore logged in 2017.
Uniparts India, manufacturer of engineering systems and solutions, has filed draft papers with the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO).
Hyderabad-based Penna Cement Industries Ltd (PCIL), a privately-held cement company, has filed a draft papers with SEBI for a Rs. 1,550 crore Initial Public Offering (IPO).
Mumbai-based Polycab India (PIL), a company backed by International Finance Corporation (IFC), has filed a draft red herring prospectus (DRHP) for an initial public offering with SEBI.
Bharat Hotels, which runs five-star properties under The LaLiT brand, and micro-finance lender Spandana Sphoorty Financial have received the Securities and Exchange Board of India nod for IPO.
