| IPO Season Expected to Kickoff Soon in India Stock Market With growing market stability and improved market sentiment in last few months, corporate India once again is gearing up for IPO's to raise capital. Chemcel Bio was the last IPO raised capital from primary market in early September 2008. Multiple business houses are lined up for IPO's and waiting for the right time. More then Rs 10,000 Cr are expected to raise through IPO's in recent future. The current market situation looks positive for companies to kickoff the IPO season and go ahead with there ambitious projects. 18 companies planning for IPO's, already got approvals from SEBI while few others are still waiting for clearance. NHPC Limited IPO Incorporate in 1975, National Hydroelectric Power Corporation (NHPC) is a Government of India enterprise. NHPC is in the business of building and maintaining hydro-electric power stations across India and its neighboring countries. The company is expected to raise around Rs 2,000 Cr though the IPO. More detail of the IPO can be found in the draft prospectus [ http://chittorgarh.net/click.html?x=a62a&lc=oJIU&mc=3&s=ZxWfe&y=N& ] document company filed with SEBI on Aug 07, 2008. Oil India Limited IPO Incorporate in 1959, Oil India Ltd is also a Government of India enterprise. Oil India is in the business of crude oil exploration around India and overseas. Company is the second largest explorer of crude oil in India after ONGC. Government is planning to offload its 10% ownership in the company to issue 26.4 million shares (around Rs 1,400 Cr) though Initial Public Offer which is expected in next few of months. Future Ventures India Limited, Pipavav Shipyard Limited, Rishabhdev Technocable Limited and Astec lifesciences Limited are among few IPO's cleared by SEBI and all set to tap India stock market. 22 IPO's are still waiting for approval from SEBI, including Adani Power Limited IPO, Godrej Properties Limited IPO and Jindal Cotex Limited IPO. |
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