{"id":316335,"date":"2020-01-24T12:20:33","date_gmt":"2020-01-24T06:50:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=316335"},"modified":"2020-01-24T12:43:49","modified_gmt":"2020-01-24T07:13:49","slug":"shri-bajrang-power-gets-sebis-go-ahead-for-ipo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shri-bajrang-power-gets-sebis-go-ahead-for-ipo\/","title":{"rendered":"Shri Bajrang Power gets SEBI\u2019s go-ahead for IPO"},"content":{"rendered":"<p>Shri Bajrang Power and Ispat has received markets regulator SEBI\u2019s approval to raise up to \u20b9500 crore through an initial share-sale.<\/p>\n<p>The company, an integrated manufacturer of long steel products in the country, is the first one to get a clearance this year from the regulator to float an IPO.<\/p>\n<p>Shri Bajrang Power, which filed draft papers with the regulator in September 2018, obtained its \u201cobservations\u201d on January 17, latest update with the Securities and Exchange Board of India (SEBI) noted.<\/p>\n<p>SEBI\u2019s observations are very necessary for any company to launch public issue such as initial public offer (IPO), follow-on public offer (FPO) and rights issue.<\/p>\n<p>Going by the draft papers, Shri Bajrang Power\u2019s IPO comprises equity shares of face value of \u20b910 each aggregating up to \u20b9500 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shri Bajrang Power and Ispat has received markets regulator SEBI\u2019s approval to raise up to \u20b9500 crore through an initial share-sale. The company, an integrated manufacturer of long steel products in the country, is the first one to get a clearance this year from the regulator to float an IPO. Shri Bajrang Power, which filed draft papers with the regulator in September 2018, obtained its \u201cobservations\u201d on January 17, latest update with the Securities and Exchange Board of India (SEBI) noted. SEBI\u2019s observations are very necessary for any company to launch public issue such as initial public offer (IPO), follow-on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-316335","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=316335"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/316335\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=316335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=316335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=316335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}