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Rolex Rings, Exxaro Tiles, Shriram Properties, Paras Defence and Space Technologies and Arohan Financial Services are among other players which have also filed their initial share sale papers with Sebi
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PowerGrid InvIT is owned by the state-owned PowerGrid Corporation of India.
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The IPO comprises a fresh issue of equity share of the bank worth Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Fincare Business Services
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The company got delisted from BSE, NSE, and MSE with effect from June 25, 2012, June 18, 2012, and June 25, 2012, respectively, according to draft papers
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The company may decide to undertake a pre IPO placement of 75 crore subject to consultation of the merchant bankers
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The Rs 7,735-crore PowerGrid InvIT IPO received bids for 2,05,40,48,700 units against 42,54,25,000 units on offer, as per the NSE data
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Angel Broking said if Indian investors look beyond the immediate warning signs, there is a silver lining on the horizon
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The IPO comprises a fresh issue of shares worth Rs 4,993.48 crore and offer for sale to the tune of Rs 2,741.50 crore by selling shareholders.
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The issue received bids for 25.81 crore units as against 42.54 crore units on offer.
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The main objective of InvITs is to promote the infrastructure sector by encouraging more individuals to invest in it