In Short : Rays Power Infra successfully secured ₹54 crore through a pre-IPO placement. This move underscores investor confidence in the company’s growth prospects. The funds raised will likely bolster Rays Power Infra’s expansion plans, further strengthening its position in the renewable energy sector. This development sets the stage for potential market debut anticipation and […]
IREDA IPO: PSU raises ₹643 crore from anchor investors ahead of the issue opening – EQ
In Short : Indian Renewable Energy Development Agency is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). In Detail : Indian Renewable Energy Development Agency Ltd. (IREDA) on November 20 raised a total of ₹643.26 crore from anchor investors including Goldman Sachs, […]
Government may file draft papers for IREDA public offering by September: DIPAM Secretary – EQ Mag
The government is planning to file draft papers for an initial public offering of state-owned Indian Renewable Energy Development Agency (IREDA) by September, a top official said The government is planning to file draft papers for an initial public offering of state-owned Indian Renewable Energy Development Agency (IREDA) by September, a top official said. “We […]
‘Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak’ – EQ Mag
Ola Electric is backed by investors such as SoftBank Group Corp and Tiger Global Management. India’s Ola Electric is planning a stock market listing by the end of 2023, and has appointed investment bank Goldman Sachs and domestic bank Kotak to manage the share sale, a source with direct knowledge of the matter told Reuters. […]
4 Billion Yuan! SolarSpace’s IPO Accepted by Shenzhen Stock Exchange – EQ Mag
SolarSpace (Jiangsu Zhongrun Solar Technology Development Co.,Ltd.), a leading global manufacturer of solar cells and modules, announced on 15 May that its initial public offering (IPO) has been accepted by the Shenzhen Stock Exchange (SZSE). According to the announcement, SolarSpace plans to raise 4 billion yuan through the IPO. 2 billion yuan of the funds […]
NTPC Green Energy plans IPO this fiscal – EQ Mag
SBI Capital Markets will be the advisor for the listing of NGEL, the source said. Earlier, three bidders had evinced interest in the stake sale proposal but it could not materialise later. State-owned power giant NTPC’s arm NTPC Green Energy Ltd (NGEL) is planning to raise funds through an initial public offering this fiscal, according […]
Government Kickstarts IREDA IPO Process, Scouts For Merchant Bankers – EQ Mag
The BRLM would advise the Government/IREDA on the timing and the modalities of the Initial Public Offer (IPO), undertake due diligence, advice on regulatory norms and conduct roadshows to generate investor interest The government is planning to come out with an initial share sale offer for up to 25 per cent stake in Indian Renewable […]
Philippines’ Citicore prepares for IPO, to invest $4 bln in renewable energy – EQ Mag
MANILA : Citicore Renewable Energy Corp, one of the Philippines’ biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday. “For a country such as ours with limited oil and coal but have abundant […]
Philippines’ Citicore prepares for IPO, to invest $4 bln in renewable energy – EQ Mag
MANILA : Citicore Renewable Energy Corp, one of the Philippines’ biggest solar power producers, is planning to go public this year to fund a $4 billion investment in new solar projects over the next five years, its CEO said on Friday. “For a country such as ours with limited oil and coal but have abundant […]
Government targets to launch initial public offers of IREDA, WAPCOS by the coming fiscal, confirms divestment secretary – EQ Mag
The proceeds from the stake sales would form part of the Budgeted disinvestment kitty of Rs 51,000 crore for the next fiscal. The government is targeting to launch the initial public offering (IPO) of clean energy lender IREDA and state-owned engineering consultancy firm WAPCOS in the next fiscal, DIPAM Secretary Tuhin Kanta Pandey said. The […]