Technology platform Meesho raised Rs 2,440 crore from 125 anchor investors on Tuesday ahead of its initial public offering (IPO) which opens on Wednesday, December 3. The company allocated 21.98 crore shares at the upper price band of Rs 111 apiece. Out of the 21.98 crore shares, 9.37 crore shares accounting for 42.63% of the … Read more
MCX’s spectacular rally, pushing the stock past the Rs 10,000 mark for the first time on Wednesday, has turned its largest shareholder — Kotak Mahindra Bank, into one of the biggest gainers. The bank’s 15% stake, now valued at Rs 7,887.27 crore, has surged 1,618% ( nearly 17X ) over the past 11 years. Billionaire … Read more
India’s second-largest IT services company Infosys‘ Rs 18,000 crore share buyback window will open on Thursday, November 20 and will close on Wednesday, November 26. The company received shareholders’ approval on November 6 for the share buyback up to ten crore fully paid-up equity shares. Infosys will buy the shares at a price of Rs … Read more
Midwest, a natural stone mining and exporting player, will open its Rs 451-crore initial public offering (IPO) for subscription on October 15. The book-built issue comprises a fresh share sale worth Rs 250 crore and an offer for sale (OFS) of Rs 201 crore by existing shareholders. The IPO will close on October 17, with … Read more
Austere Systems’ Rs 16-crore IPO, which closed on September 9, saw a massive subscription of over 1,000 times. The SME issue attracted strong demand across retail and non-institutional categories, making allotment chances slim for small investors. The allotment has been finalised on September 10, with refunds and demat credit scheduled for September 11. Shares are … Read more
Mumbai-based OnEMI Technology Solutions that operates India’s digital lending platform (Kissht), a technology-enabled lender in India has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO). About OnEMI Technology Solutions IPO The IPO, with a face value of … Read more
Gem Aromatics, a manufacturer of speciality ingredients, on Monday mobilised over Rs 135 crore from anchor investors, ahead of its initial public offering (IPO) opening for subscription. Some of the institutions that participated in the anchor round includes Citigroup Global, Societe Generale, Goldman Sachs, Nippon India Mutual Fund, SageOne, Nuvama, and Niveshaay Sambhav Fund, according … Read more
Meta Infotech made a strong debut on the BSE SME platform today, listing at Rs 225 per share, a 39.75% premium over its IPO price of Rs 161. The Rs 80.18 crore public issue was subscribed 166.94 times overall, with particularly strong interest from high-net-worth individuals (HNIs), whose quota was subscribed over 309 times. The … Read more
Ganga Bath Fittings, a leading manufacturer and supplier of bathroom accessories, is set to debut on the NSE SME platform. The IPO aimed to raise Rs 32.65 crore through a fresh issue of 66.63 lakh shares at a fixed price of Rs 49 per share. Ahead of the listing, the grey market premium (GMP) for … Read more
The initial public offering (IPO) of Astonea Labs, a company engaged in manufacturing pharmaceutical and cosmetic products, will open for subscription on May 27, and close on May 29. The company is aiming to raise Rs 37.67 crore through a fresh issue of 27.90 lakh shares. It will be listed on the BSE SME platform, … Read more