Rubicon Research, a General Atlantic-promoted pharma company, is all set to launch its Rs 1,377.5-crore initial public offering (IPO) on October 9, joining the wave of major public issues next week alongside Tata Capital’s Rs 15,512-crore IPO and LG Electronics India’s Rs 11,607-crore offering. The anchor book for the IPO will open for a single…
Two Indian manufacturers, Laser Power & Infra Ltd (LPIL) and Indo MIM Ltd, filed draft red herring prospectuses (DRHPs) with the markets regulator Securities and Exchange Board of India (Sebi), setting the stage for initial public offerings (IPOs) that together could raise over Rs 2,200 crore. The filings mark the latest wave of industrial and…
ET Intelligence Group: Schloss Bangalore (Leela Hotels), a pure-play luxury hospitality chain in India, plans to raise ₹2,500 crore through an issue of fresh shares to repay debt and ₹1,000 crore through an offer for sale. The promoter group’s stake will fall to 75.9% after the initial public offering from 100%. The company owns and…