Network18 Media and Investments Ltd, the diversified media conglomerate with interests in print, broadcasting, films and Internet, just announced in a filing to the Bombay Stock Exchange that it has confidentially filed a draft registration statement with the US Securities and Exchanges Commission for an initial public offering of American…

Well, it seems to have happened earlier than expected. BSNL’s board has reportedly cleared the $10 billion listing. BSNL’s employee union has threatened to go on an indefinite strike if the state owned telco goes ahead with the IPO. The unions are apparently raging against the privatisation machine, stating BSNL…

This is big news: Bennett, Coleman & Co - better known as the Time of India group - is planning for an IPO, reports Business Standard. Ravi Dhariwal, CEO of BCCL has told BS that an IPO is still being debated, and nothing as been decided yet - neither the…

Sulekha.com, the grand-daddy of Indian community portals, which had raised $10 million from Norwest Venture Partners is considering an IPO in 2009. Business Standard reports that the company expects to have revenues of around $30 million by then. It appears that they’re taking the tried and tested route to monetization…

OnMobile Global listed today - Scrip Code: 532944 - in the list of ‘B1’ Group Securities on the Bombay Stock Exchange. The stock, which was priced at Rs. 440, closed 18.61 percent up at Rs. 521.90. During the day, it hit a high of Rs. 579.90, and a low of…

A BIG IPO indeed: Reliance Entertainment, which houses all the media and entertainment properties of the Anil Dhirubhai Ambani Group (ADAG) is finalizing plans for an Initial Public Offering, reports HT. A company spokesperson however, has refused comment, so there’s no official confirmation. While the company structure is not known,…

Web18, the Internet and mobile company of the Network18 group is looking to dilute 10-15 percent equity, reports Indiantelevision.com, quoting a source. The company is planning to file for the ADR (American Depositary Receipt) within two months. Details of Web18’s probable plans here. We have contacted Network18 Group CEO Haresh…

Rediff (NSDQ: REDF) and Sify are mandated to list in the Indian stock exchanges, reports Reuters; this is primarily because of a government rule that requires that they list locally within three years of reporting profits. Both companies reported profits in the 2006-07 fiscal. Last July, CNBC-TV18 had claimed that…

Day Two of the OnMobile IPO was better than the first: the Initial Public Offering of India’s largest mobile value added services (VAS) company was subscribed 1.31 times. The Qualified Institutional Buyers was oversubscribed at 2.1791 times, but there doesn’t appear to be much retail investor interest - that segment…

[by Cerius Shah] Spice, who operates in India via a JV with Telekom Malasia, which holds 39.2% stake, plans to raise $500 million through a Dubai IPO. According to this Bloomberg report, this would make it the first Indian company to sell shares in the Middle East. They plan to…

Day one of the Initial Public Offering of OnMobile Global, India’s largest mobile value added services (VAS) company, was not very successful: the issue is not yet fully subscribed, at 0.53 times. Mouli Raman, CTO of OnMobile told me that that nearly all the investments are from the Qualified Institutional…

OnMobile Global, the mobile value added services company whose IPO opens tomorrow, has reportedly raised $30 million through a pre-IPO placement. Business Standard reports that the total placement is close to 5 percent: 3.54 percent with George Soros’ Quantum Fund, 0.9 percent with Bessemer India Capital and 0.95 percent with…

OnMobile Global, India’s largest mobile Value Added Services (VAS) company, is looking to raise Rs. 350-450 crores from its Initial Public Offering, with shares priced between Rs. 425 and Rs. 450 for shares of face value Rs. 10 each. The issue will be open for subscription between January 24th and…