Allahabad Bank plans to raise Rs 320 crore in QIP

THE ECONOMIC TIMES Sat, Nov 02, 2013 | 10:00 AM IST IPO Newsletter

Allahabad Bank plans to raise Rs 320 crore in QIP Allahabad Bank plans to raise Rs 320 crore in QIP State-run Allahabad Bank said it will raise Rs 320 crore of equity in qualified institutional placement (QIP), but is in no hurry to do so. PubMatic, BharatMatrimony and other cos to go public PubMatic, BharatMatrimony and other cos to go public Match-making portal BharatMatrimony .com and advertising technology venture PubMatic are expected to lead the next wave of initial public offers by Internet companies. CCEA likely to take up Power Grid FPO this week CCEA likely to take up Power Grid FPO this week The follow-on public (FPO) will comprise of 13 per cent fresh equity by the public sector company and 4 per cent stake sale by the central government. Indian cos garner Rs 1,050 cr via IPOs in H1 Indian cos garner Rs 1,050 cr via IPOs in H1 Of the 16 IPOs, which hit the capital market in the first half of the current fiscal, 15 were from the Small and Medium Enterprise (SME) sector. Nod likely for SBI’s Rs 8,000-crore QIP or FPO Nod likely for SBI’s Rs 8,000-crore QIP or FPO FinMin is likely to allow SBI to raise around Rs 8,000 crore of equity capital either through a QIP or FPO.

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