Archive for the ‘FPO’ Category

Random thoughts on the Market

It is a well-known fact that when companies are to tap the capital markets with right issues or FPO’s (follow on public offer), it is common practice that friendly intermediaries are used to support the issue and maintain the price if not raise it. When this is done in the case of a private company […]

ONGC FPO: POSTPONED

ONGC FPO which was scheduled to open on Tuesday the 20th of September 2011 has been postponed. Various reasons including the sudden decision to raise petrol prices with immediate effect by a steep Rs 3.14 per litre and no increase on diesel prices is also mentioned as one of the reasons for the postponement. Irrespective […]

ONGC Files RHP for FPO: Issue likely to raise over Rs 10,500 crs. Expected opening 20th September

ONGC has filed its RHP for its forthcoming FPO (follow on public offer). The issue is to open on Tuesday the 20th of September and will close on Thursday the 22nd of September for QIB’s and for all other investors on Friday the 23rd of September. The issue size where the Government of India will […]

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