New Delhi: Shapoorji Pallonji Group’s infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25. The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the … Read more
Ajax Engineering Pvt, an Indian concrete equipment maker backed by Kedaara Capital, is considering an initial public offering that could raise Rs 20 billion ($240 million), people familiar with the matter said. Ajax Engineering is working with advisers to help prepare for an IPO in Mumbai in the fourth quarter, the people said, asking not … Read more
Leading hotel chain Apeejay Surrendra Park Hotels announced the launch of its maiden public offer on February 5. The Rs 920-crore issue will close on February 7. The IPO comprises a fresh equity issue of Rs 600 crore and an offer for sale (OFS) of Rs 320 crore. The price band for the IPO will … Read more
The shares of Updater Services will debut on the exchanges on Wednesday. Ahead of the listing, the company’s shares are commanding a premium of Rs 0 in the unlisted market, which indicates a flat to muted debut. The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at the close. The issue comprised … Read more
MUMBAI – Medi Assist Healthcare Services Ltd, backed by Bessemer Health Capital, has filed draft papers with the Securities and Exchange Board of India (Sebi), in its second attempt to launch an initial public offering. The IPO is a complete offer for sale, wherein promoters and other shareholders plan to sell 28,028,168 shares of the … Read more
The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. The company has fixed a price band of Rs 102-108 per share and investors can bid for a minimum of 130 shares in one lot and in multiples thereafter. Source link
The initial public offering (IPO) of Mumbai-based Aeroflex Industries, backed by marquee investor Ashish Kacholia, will open on August 21 and close on 23. The allocation to anchor investors will be finalized on August 18. The company filed preliminary IPO papers with the regulator in March and secured regulatory approval for the same earlier this … Read more
The IPO market has picked up pace in the second half of the year with three issues — Ideaforge, Cyient DLM, and Senco Gold —delivering strong listing gains to investors. In the upcoming week, two more IPOs are set to hit the markets including the mainstream one of Netweb Technologies. The other issue is Asarfi … Read more
Credo Brands Marketing, the owner of apparel wear Mufti Jeans has filed draft papers with market regulator Sebi to raise funds through an IPO. The IPO is a completely an offer for sale (OFS) of up to 19.63 million shares by promoters and other selling shareholders. The OFS comprises up to 4.14 million shares by … Read more
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for public subscription on July 12 and close on July 14. Ahead of the subscription, the company’s shares are getting a healthy premium of Rs 14 in the unlisted market. The company has fixed a price band of Rs 23-25 per share for … Read more