iifl securities ltd

Stationery maker Cello World’s Rs 1,900-cr IPO to open on Oct 30

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Stationery maker Cello World’s Rs 1,900-cr IPO to open on Oct 30

Household products and stationery manufacturer Cello World Ltd is set to launch its Rs 1,900-crore initial share sale for public subscription on October 30. The maiden public issue will conclude on November 1 and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus. … Read more

Banks pocket $12 million in fees in Adani’s mega share sale

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Banks pocket $12 million in fees in Adani’s mega share sale

Investment banks are set to receive about 1 billion rupees ($12 million) in total fees after helping Indian tycoon Gautam Adani pull off a closely watched follow-on share sale, according to people familiar with the matter. The fees are equivalent to around 0.5% of the 200 billion rupees raised in .’s offering, said the people, … Read more