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IDFC IPO to open on 15 July
BANGALORE: Infrastructure Development Finance Company Ltd (IDFC) is accessing the capital market for it’s public issue of 403,600,000 equity shares of face value of Rs.10/- each within a price band of Rs.29 and Rs.34. The total public issue comprises of a fresh issue of 120,000,000 equity shares of Rs.10 each and an offer for sale of 283,600,000 equity shares of Rs.10 each.
Up to 50 per cent of the issue is reserved for allotment to Qualified Institutional Bidders (QIB) on a discretionary basis. At least 15 per cent of the issue will be available on a proportionate basis to Non-Institutional Bidders and at least 35 per cent of the issue will be available for allocation on a proportionate basis to Retail Individual Bidders.
The pie chart showing IDFC’s involvement in various sectors is (rounded, off and approximate) 34 per cent into energy, 27 per cent into telecom, 26 per cent into transport, 8 per cent into Industrial and commercial infrastructure and the balance into other sectors such as urban services, waste management, rural infrastructure, education and healthcare.
While SEBI regulations prevented all their officials, whom Indiantelevison.com contacted, from revealing specifics at the press conference in Bangalore today, the company’s red herring prospectus gives an insight into their involvement in the above-mentioned sectors.
According to the prospectus, the company provides project financing to new projects and acquisition finance to enable consolidation in the telecommunications industry. During fiscal 2005, it approved financing aggregating Rs.13,305 million for eight projects in the telecommunications sector compared to Rs.12,615 million for ten projects in fiscal 2004. Disbursements during fiscal 2005 aggregated Rs. 9,230 million for eleven projects compared to Rs.11,296 million for eleven projects in fiscal 2004.
The company has provided financing to projects in most telecommunications areas, including cellular basic, national and international long distance and cable, and have lent to most of the major private access providers. The company has also had proprietary equity investment in Bharti Tele-ventures Limited, says the red herring prospectus of the company.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
