Stock Market, IPO, IPO corner, BSE, NSE, Sensex, Nifty, Draft red herring prospectus
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IPO Corner
NEEPCO IPO likely in Q4; FinMin appoints merchant bankers

The ministry has selected 3 merchant bankers-Elara Capital, Karvy Investor Services Ltd and Equirus Capital-for managing the initial public offering (IPO) and subsequent listing of NEEPCO. It will initiate the process of drafting of draft prospectus of the issue next month and subsequently file with Sebi in the September-December quarter, the official said.

 
 
Reliance Nippon AMC recently got listed, while HDFC AMC would be entering the market next week. Let's look at how the HDFC AMC will be valued in the market.
These four public issues are expected to fetch at least Rs 3,250 crore, according to merchant banking sources. All these companies plan to list on the BSE and NSE.
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