NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Mukesh Ambani
    WhatsApp
    Reliance Jio
    OPPO
    Vivo
    Sensex
    Bitcoin
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / Business News / Three IPOs to hit Indian markets in September
    Business

    Three IPOs to hit Indian markets in September

    Three IPOs to hit Indian markets in September
    Written by Sneha Johny
    Sep 12, 2016, 08:30 am 2 min read
    Three IPOs to hit Indian markets in September

    Three Indian firms are set to be listed this month, helping raise a whopping Rs.7,000 crore during their initial public offering (IPO). The three companies looking to hit the markets are ICICI Prudential Life Insurance Company, L&T Technology Services and GNA Axles. ICICI Prudential's public issue is touted to be the first for an insurer in the country.

    Where will the stocks be listed?

    The stocks for all the three firms - ICICI Prudential Life Insurance, L&T Technology Services and GNA Axles, are looking to be listed on both the BSE and NSE.

    Specifics: L&T Technology Services

    L&T Technology Services' big IPO launch is scheduled for 12 September, when the company will open public issue of its shares for subscription. This is the second IPO for the L&T Group. The subscription is scheduled to close on 15 September, and each share is priced around Rs.860. The company looks to raise nearly Rs.894.4 crore through the sale of 10.4 million shares.

    Manufacturer GNA Axles IPO on 14 September

    Manufacturer of mechanics for commercial vehicles, GNA Axles is set to launch its IPO in the upcoming week. The IPO will start on 12 September and close on 16 September. The firms will issue fresh shares of up to 63,00,000, out of which an exclusive 2,00,000 shares are issued specifically for its employees. The company is looking to raise nearly Rs.130 crore.

    GNA Axles' IPO plans

    With the capital from the IPO, GNA plans to revamp its heavy plant and machinery and meet capital expenses. Its clients include automotive giant Mahindra & Mahindra, John Deere India, amongst others.

    ICICI scripts India's first insurance IPO

    ICICI Prudential Life Insurance is set to become the country's first insurer to hit the equity markets on 19 September. The insurance company is looking to sell nearly 18.13 crore shares during the IPO. The IPO will enable the company to raise a massive Rs.6,057 crore if the shares sell at the upper band of the share price, pitched at Rs.334.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    India
    Bombay Stock Exchange (BSE)
    Mahindra & Mahindra
    Initial Public Offering (IPO)

    India

    Rajnath Singh to visit Hungary in outreach initiative Ravi Shankar Prasad
    Snapdeal looks to revamp brand Amazon
    Embraer sets aside $200m for fines related to India case Sao Paulo
    Embraer Jet Deal under scanner for alleged kickbacks Sao Paulo

    Bombay Stock Exchange (BSE)

    BSE to file for IPO this week India
    DLF exits the cinema business India
    Sensex nosedives over 1,400 points in early trade Sensex
    Sensex crashes over 1,300 points in early trade Sensex

    Mahindra & Mahindra

    Maruti's ventures into the LCV segment West Bengal
    Mahindra & Mahindra to make an affordable electric SUV Anand Mahindra
    Mahindra to develop self-driving tractors Mumbai
    Mahindra Intertrade and MSTC to start Auto Shredding Joint Venture India

    Initial Public Offering (IPO)

    Warren Buffett takes on Donald Trump Donald Trump
    Ambitious divestment target in the budget Arun Jaitley
    Twitter ad revenue falls even after restructuring job cuts Twitter
    Three railway PSUs listed for divestment Arun Jaitley

    Love Business News?

    Subscribe to stay updated.

    Business Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023