Avantha Power IPO Delayed To 4th Quarter Of FY12

Despite a year of filing the DRHP (draft red herring prospectus) with the SEBI, Avantha Power IPO appears like a far fetched dream.

Sources inform which the issue may get postponed to the 4th quarter of financial year 2012 due to non-conducive market situations.

Avantha power which has an present capability of almost two hundred megawatt was intending to pick up Rs 1,250 cr via the Initial public offering to finance the 1st stages of its thermal power work of 600 megawat every in Chhatisgarh and Madhya Prasesh. Sources say the firm has finished financial tie-ups to the projects.

Be Sociable, Share!

Stock Market Basics For Beginners

Who controls the Securities Market?

Who controls the Securities Market? The responsibility for controlling the securities-market is shared by DEA (Department of Economic Affairs), DCA (Department of Company Affairs ), RBI (Reserve Bank of India ...…

Role Of Primary Market

Role Of Primary Market The primary market's offers the route for sale of fresh securities. Primary market offers chance to companies of securities; Govt as well as corporates, to ...…

What Is a Discount Price?

What Is a Discount Price? Securities are usually released in denominations of Rs 15, 30 or 200. This is called as a Face Value and when it is sold below ...…

Cut Off Price Meaning

Cut Off Price Meaning In the Book building issue, the issuer is needed to show either the floor price or price band in the red herring prospectus. The actual ...…

Definition For Lock In Profits

Definition For Lock In Profits Realizing the profits of a position, like buying a share, through exiting at a gain. By locking in, that part of the investment is not ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV