The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open […]
Power Grid may launch landmark Rs 7,700 crore InvIT IPO on April 29, first ever by a PSU in India
The move comes at a time when the government has set a disinvestment target of Rs 1.75 lakh crore for FY22 and is betting big on initial public offerings (IPOs) by Life Insurance Corporation and Air India IPOs. Electricity transmission company Power Grid Corporation of India is preparing to launch the first ever InvIT (infrastructure […]
Solar Financier Loanpal Plans IPO as Soon as This Year
Loanpal, a provider of residential-solar loans in the U.S., is planning an initial public offering this year that could value the company at more than $10 billion, according to people with knowledge of the matter. The company, which said in January it had raised more than $800 million from investors including New Enterprise Associates and […]
Carbon management company EKI Energy to raise ₹18 crore via IPO
Indore, Madhya Pradesh based carbon footprint management company EKI Energy Services intends to raise a little over ₹18 crore through its IPO, which opens on Wednesday. EKI Energy, which operates under the brand name ‘Enking International’, helps its clients achieve carbon footprint neutrality, cut down greenhouse gas emissions, trade in carbon offsets, conduct electrical safety […]
Swedish EV charging company Charge Amps raises $15 million
The company will use the funding to expand in key European markets including the Nordic countries and the United Kingdom, for R&D, and to prepare for an IPO, which is planned for next year. STOCKHOLM: Swedish maker of electric vehicle charging solutions, Charge Amps, said on Friday it had raised 130 million crowns ($15.3 million) […]
Philippines National Grid Taps Banks for $1.5 Billion IPO
Bloomberg – National Grid Corp. of the Philippines has picked banks to work on its initial public offering and has increased its targeted size to at least $1.5 billion, according to people with knowledge of the matter, paving the way for the biggest listing in the nation’s history. The high-voltage electricity network operator, commonly known […]
Investec-Backed Energy Fund Plans $102 Million South Africa IPO
Revego Africa Energy Fund, an investor in South African renewable projects, is looking to raise as much as 1.5 billion rand ($102 million) by April with the industry poised to grow. The fund is backed by Investec Ltd., the Eskom Pension & Provident Fund and UK Climate Investment and is seeking to list on Johannesburg’s […]
Hot REIT Market in India Draws Canada’s Brookfield in $522 Million IPO
Brookfield India Real Estate Trust, backed by Canadian asset manager Brookfield Asset Management Inc., is seeking to raise as much as $522 million in an Indian initial public offering, adding to the growing number of listings from the sector in the country. Brookfield REIT is selling 138.2 million units to 138.5 million units at 274 rupees to […]
Power Grid files offer document for InvIT IPO, first ever by a PSU
This will be the first time a state owned entity is monetizing its infrastructure assets through the InvIT route The InvIT will initially comprise of 11 power transmission lines currently owned and operated by Power Grid Mumbai: State owned power transmission company Power Grid Corp of India Ltd has filed the draft IPO papers for its first […]
Oaktree-Backed Shoals Jumps 24% After $1.9 Billion IPO
Solar-power components maker Shoals Technologies Group Inc. climbed 24% in its trading debut after its initial public offering topped expectations to raise $1.9 billion. Shares of the Portland, Tennessee-based company opened at $31.30 Wednesday after selling for $25 each in the IPO. The shares, which rose as much as 40% during the day, closed at […]