“Very hard for companies to take a call on where to build capacity, how to build capacity when you have got so many moving parts,” says Vetri Subramaniam, CIO, UTI AMC.When there is madness in the market, he will always come out and say market mein kuch change nahi hota hai. Madness and fear is … Read more
Helmets manufacturer Studds Accessories has filed preliminary papers with capital markets regulator Sebi to float an initial public offering (IPO). This marks the company’s second attempt to go public. Previously, the company had filed draft papers nearly seven years ago. The IPO will be an offer for sale (OFS), with the promoter group and other … Read more
Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors ahead of the marquee IPO opening on Tuesday. The shares were allotted at Rs 1,960 per share, which is the upper end of the price band. In the anchor book, around 21 domestic mutual funds through a total of 83 schemes subscribed to the … Read more
Mining conglomerate Vedanta Ltd is estimated to have raised around Rs 3,200 crore from the offer for sale (OFS) of subsidiary Hindustan Zinc Ltd. The offer for sale (OFS) of Vedanta group firm Hindustan Zinc Ltd received a strong response from retail and institutional investors, sources said. Vedanta is estimated to have received around Rs … Read more
JSW Cement, part of Sajjan Jindal‘s JSW Group, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an IPO worth Rs 4,000 crore. The issue comprises a fresh equity sale of Rs 2,000 crore and an offer for sale (OFS) of Rs 2,000 crore. Under the OFS, … Read more
India Shelter Finance has fixed a price band of Rs 469-493 for its Rs 1,200-crore IPO, which will open for subscription on December 13. The issue closes on December 15. The public offer comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. Investors can bid … Read more
New Delhi: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” … Read more
Two companies — Popular Vehicles and Services Ltd and Azad Engineering have filed their respective draft red herring prospectus with market regulator Sebi. Popular Vehicles and Services IPO comprises fresh equity issue of Rs 250 crore and an offer for sale up to 1.42 crore shares. Banyan Tree Growth Capital is the sole selling shareholder … Read more
Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according … Read more
Mumbai: Patanjali Ayurved, promoters of Patanjali Foods, will sell up to 9% or 3.26 crore shares of the company in an offer for sale on July 13 and July 14, according to an exchange filing on Wednesday. The OFS will open for subscriptions for non-retail investors on July 13 and for retail investors on July … Read more