involvement in a new issue of capital, including Initial Public
Offering (IPO), follow-on issue, etc. in the Securities Market for a period of
five ... carrying out "reasonable due diligence" in the matter of IPO of above said
the Issuer Company Company while acting as a BRLM
incorporated under the
Companies Act, 1956 , in the process of floating an IPO filed its Red
Herring Prospectus dated August 17, 2011 and Prospectus dated ... September 14, 2011 and came out with an IPO of 57,45,000 equity shares
of ` 10/- each for cash at a price
material was there to indicate that Devan Mehta
was engaged in manipulating IPOs. We also found that during the course of search
statement ... thus the AO noted that the
assessee was involved in managing the IPO to which private limited companies and
Mr. Suresh Gaggar were privy
Managers ("BRLM" for short)
for the Initial Public Offer ("IPO" for short) for sale
of shares of CARE through an offer ... SEBI for
selling 71,99,700 equity shares of CARE through the
IPO, having face value of `10 each at a price to be
determined
expanding its manufacturing activities at Haldia,
Kolkata through Initial Public Offer ("IPO" for short).
c) On 12.09.2011 SEBI granted its approval ... DRHP filed by RDB. Accordingly, the IPO opened
on 21.09.2011 and the IPO closed on 23.09.2011.
d) On 05.10.2011 IPO funds to the tune
Panchal and Sugandh Estate and Investment Pvt.Ltd. had indulged in an
IPO scam whereby these persons have cornered shares reserved for
retail customers ... IPOs. by fraudulent method. The assessee-
company has financed more than Rs.29 crores in such activity,
therefore, this financial activity of the assessee
provided that
IPPL shall make a Qualified Initial Public Offering (Qualified IPO/ QIPO)
and listing of its shares within the target of four years from ... crores
and the value that would be determined in the IPO to be
made by IPPL along with interest at the rate
proposed Initial Public Offering
CS(OS) 164/2016 Page 2 of 28
(IPO). The grievance of the plaintiffs is that the mark "HAVELL ... advertisements issued
by the defendants in relation to the proposed IPO, on the premise that
defendants No.3 & 5 are amongst the promoters
were obtained and, for the purpose of taking steps to organise the
IPO, substantial funds were necessary and the said Kothari, among others,
offered ... with Rs.20 crore each towards the initial expenses for the IPO.
The written agreement of November 15, 2010 that the defendant has relied
upon
involvement in a new issue of capital, including Initial Public
Offering (IPO), follow-on issue, etc. in the Securities Market for a period of
five ... carrying out "reasonable due diligence" in the matter of IPO of above said
the Issuer Company Company while acting as a BRLM
