IPO

Adani Power Ltd, an Adani Enterprises company, filed a draft prospectus with SEBI to raise 5600+ crores through an IPO. This money will be utilized to funds its thermal power projects in Gujarat, Maharashtra and Rajasthan. This IPO will dilute the controlling stake of Adani enterprises to 74 percent. A proposal to issue 29.69 crore shares of Rs 10 each was made in the Draft Red Herring Prospectus ( DHRP ).

India's second large mutual fund which manages 8.34 million accounts worth 500+ billion rupees company is going public. UTI Asset Management, has filed a draft prospectus for an initial public offering to raise about US$500 million

Reliance Power IPO is likely to list in February 2008, Anil Ambani Chairman and CEO of Reliance ADAG said at a press conference today. Reliance power IPO received more than 100 billion USD bids from FII's and it turned out to be the largest IPO in the power sector across ASIA.

Indian Government could divest its stake in national carrier Air India through a public issue in the second half of 2008, Civil Aviation Minister Praful Patel said Friday. “We may consider issuing an IPO (Initial Public Offering) in the second half of this year,” he said after announcing the launch of the first-ever civil aviation airshow , India Aviation 2008, being planned in Hyderabad in October.