By Sneh Susmit
Aster DM had set a price band of Rs180-190 per share for the initial public offering.
Russian businessman Oleg Deripaska and family members own 76.6% of En+, which has assets in metals and energy.
Saudi Arabia plans this year to sell about 5 percent of the company in what could be a record IPO.
The government will sell its entire 34.51 per cent stake in Hanoi Trade Corporation (Hapro) in the IPO.
Bharti Airtel owns telecom assets in 14 African countries.
Promoters of Idea Cellular—Birla TMT, Elaine Investments, Oriana Investments—have already invested Rs3,250 crore to strengthen its balance sheet.
Both Jefferies and CICC Research value the business at about $15 billion.
A $1.5 billion offering would be the largest ever equity deal in the Philippines.
The proceeds were in line with the government’s expectations from the stake sale.
The company allotted 154,75,843 equity shares at the price band of Rs 180-190 per share to eight anchor investors.