IPO fund diversion: Investors to get exit offer

THE ECONOMIC TIMES Wed, Sep 25, 2013 | 10:00 AM IST IPO Newsletter

IPO fund diversion: Investors to get exit offer IPO fund diversion: Investors to get exit offer There have been instances of the companies changing their strategy for funds raised through an IPO after securing shareholders' approval. Godrej Properties raises Rs 700 cr via rights issue Godrej Properties raises Rs 700 cr via rights issue Godrej Properties said the Rights Issue Committee of the board has allotted 21,538,388 shares at Rs 325 per share to the successful applicants. Great Eastern Energy files IPO paper with Sebi Great Eastern Energy files IPO paper with Sebi Great Eastern Energy has filed draft documents with market regulator Sebi for its public issue of up to 82 lakh equity shares. Sebi gives green signal to two IPOs Sebi gives green signal to two IPOs Market regulator Sebi has given nod to the proposed initial public offerings of two companies-- Advanced Enzyme Technologies and Intas Pharmaceuticals. Godrej Properties rights issue fully subscribed Godrej Properties rights issue fully subscribed The final confirmation and allotment process will be carried out over the next few days. Kotak Mahindra Capital Company was the sole Lead Manager.

Company Name Issue Size Status Date of Relevance Volume

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