Sebi returns draft IPO papers of Anand Rathi Share and Stock Brokers

Sebi returns draft IPO papers of Anand Rathi Share and Stock Brokers

Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise Rs 745 crore through an initial share-sale, an update with the regulator showed on Monday. Anand Rathi had filed the papers for issuing fresh equity. The offer also included reservations … Read more

GNG Electronics files draft papers with Sebi; aims to raise Rs 825 cr via fresh issue

GNG Electronics files draft papers with Sebi; aims to raise Rs 825 cr via fresh issue

GNG Electronics Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 825 core and an offer for sale (OFS) of up to 97 lakh equity shares by promoters, … Read more

Star Agriwarehousing files IPO papers with Sebi; aims to raise Rs 450 cr via fresh issue

Star Agriwarehousing files IPO papers with Sebi; aims to raise Rs 450 cr via fresh issue

Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares … Read more

Enviro Infra Engineers offers exposure to country’s high-potential water management sector

Enviro Infra Engineers offers exposure to country’s high-potential water management sector

IPO dates: November 22-26, 2024IPO price: Rs 140-148IPO size: Upto Rs 650 croreImplied market cap: Upto Rs 2,598 croreLot size: 101 sharesFace value: Rs 10Retail portion: 35% Enviro Infra Engineers, an EPC contractor of water supply and waste water treatment projects, plans to raise upto Rs 650 crore from the primary market. Of this, Rs … Read more

Ahead of IPO, Enviro Infra Engineers mobilises Rs 195 cr from anchor investors

Ahead of IPO, Enviro Infra Engineers mobilises Rs 195 cr from anchor investors

Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription. Quant Mutual Fund, Motilal Oswal Mutual Fund, LIC Mutual Fund, Abakkus Diversified Alpha Fund-2, Singularity … Read more

Zoomcar raises $9.15 mn from institutional investors

Zoomcar raises .15 mn from institutional investors

Self-drive car-sharing platform Zoomcar on Friday said it has raised USD 9.15 million (about Rs 76 crore) from institutional investors. The proceeds will be used for repayment of approximately USD 3.8 million in debt and the remaining amount for general corporate purposes and working capital needs. In connection with the private placement, the company said … Read more

BofA, Aditya Birla MF buy shares worth Rs 42 crore in debutant Interarch Building Products via block deals

BofA, Aditya Birla MF buy shares worth Rs 42 crore in debutant Interarch Building Products via block deals

Bank of America (BofA) bought 1.3 lakh shares of Interarch Building Products on Monday via a block deal at a cost of Rs 16.74 crore. The stock made its debut on the exchanges today and against the issue price of Rs 900, BofA bought Interarch shares at a price of 1,287.75 per share which was … Read more

New income tax provision mandating 45-day payments hurts MSMEs: Will Union Budget 2024-25 offer relief?

New income tax provision mandating 45-day payments hurts MSMEs: Will Union Budget 2024-25 offer relief?

Sometimes the most helpful of things can have an unintentional fallout. Take the 45-day payment rule for MSMEs for instance. With preparation underway for the Union Budget 2024-25, finance ministry officials are trying to understand the unintended impact of the new provision under the Income Tax Act that mandates payments to micro, small and medium … Read more

Deepak Builders & Engineers files draft papers with Sebi to raise funds via IPO

Deepak Builders & Engineers files draft papers with Sebi to raise funds via IPO

Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. This is the first company to file the draft papers with Sebi for floating a maiden public issue in the current financial year (2024-25). The initial public offering … Read more