“The IPO of Rail Vikas Nigam Ltd (RVNL) was subscribed 1.78 times as of 5:15 pm today, the last day of the issue. The ₹481-crore RVNL IPO opened for subscription on Friday. The state-owned company offered 25.34 crore shares at a price band of ₹17-19 per equity share. RVNL will be the third rail PSU ...

Hyderabad-based defence equipment PSU, Bharat Dynamics is set to raise Rs 960 crores (around $119m) through a 12% stake sale by way of an initial public offering of 2.2 crore shares, as a part of the government’s divestment programme, reported The Economic Times and Mint . The issue will open on the...

Ministry of railways operated public sector enterprise, RITES has filed the draft red herring prospectus with SEBI for an initial public offering to raise an estimated Rs 600 crores (approximately $94.5m) by way of an offer for sale by the President of India for a sale of upto 24 million equity shar...