IL&FS Engineering files for Rs 300-cr rights issue

THE ECONOMIC TIMES Sat, Apr 05, 2014 | 10:01 AM IST IPO Newsletter

IL&FS Engineering files for Rs 300-cr rights issue IL&FS Engineering files for Rs 300-cr rights issue IL&FS Engineering and Construction plans to utilise the funds from the issue towards redemption of preference shares, repayment/pre-payment of certain loans. Cos garner Rs 1,205 crore via IPO in FY14 Cos garner Rs 1,205 crore via IPO in FY14 Indian cos have raised a meagre Rs 1,205 cr through initial share sale in the past financial year but IPO market may see a revival in the current fiscal. LVB seeks Sebi nod for Rs 505-cr rights issue LVB seeks Sebi nod for Rs 505-cr rights issue Under the rights issue, shares are issued to existing investors of an entity as per their holding at pre-determined price and ratio. 2005 IPO scam: Karvy's Rs 65 lakh FDs seized 2005 IPO scam: Karvy's Rs 65 lakh FDs seized The ED has charged Karvy for using the shares meant for Retail Individual Investor (RII) and also for creation of benami demat accounts. Banks, issuers look to election to end IPO drought Banks, issuers look to election to end IPO drought Fresh equity sales in India slowed sharply in 2013 to $9.4 billion, down from $15 billion in 2012 and a record $31 billion in 2007.

Company Name Issue Size Status Date of Relevance Volume   Loha Ispaat Ltd. 1233793022.00 Close 11/03/2014 to 25/03/2014 77.00 Maiam Global Foods Ltd. 55800000.00 Close 20/02/2014 to 28/02/2014 62.00 Engineers India Ltd. 1742667150.00 Close 06/02/2014 to 12/02/2014 150.00

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