“We know that we got the clearance from Securities and Exchange Board of India (SEBI). it is a process. Process is on and as the process moves on, you will see the thing getting opened up, so there is no hurdle, no restriction, it is just the process time,” T Suverna Raju, Chairman and Managing Director of HAL said.
Two companies — Newgen Software Technologies and Apollo Micro Systems — have received SEBI's go-ahead to float initial public offerings, latest update with the markets regulator showed.
People have applied from 15 different states for this initial public offering (IPO). Company has become four times bigger in the five years, said Navin Korpe, CMD of ANI Integrated.
The share price rallied as much as 27.24 percent intraday while it opened with 8 percent premium on the NSE.
The share price opened at Rs 313 per share against issue price of Rs 290.
This would be third life insurance company getting listing on exchanges, after ICICI Prudential Life and SBI Life.
Investing in Bharat 22 ETF is like participating in the Indian growth story and I am sure investors will take part in this growth story said, Neeraj Kumar Gupta, Secretary, DIPAM.
As much as 25 percent of the total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore, ICICI Prudential MF said.
Khadim India has settled the trade at Rs 688.85 per share on the National Stock Exchange against IPO price of Rs 750. During the day, it could not cross issue price.
During the initial share sale, as many as 307 shareholders will sell 63,31,674 shares of the company, according to the draft red herring prospectus (DRHP )filed with Sebi.
The stock fell as much as 4.5 percent in early trade to hit day's low of Rs 716 while its pre-opening price of Rs 730 remained the highest level.
Seven Islands Shipping has received SEBI's go-ahead to raise an estimated Rs 450 crore through an initial public offering, latest update with markets regulator showed.
The company’s shares closed at Rs 725.05 apiece, down 3.18 percent to the listing price of Rs 748.90 apiece, on the BSE.
Khadim India's IPO was subscribed 1.90 times during November 2-6. The price band for the offer was fixed at Rs 745-750 per share.
The Gurugram-based company has appointed Axis Capital and ICICI Securities as merchant bankers to advise it on its plans to list on the stock exchanges
The new entrant’s initial public offering (IPO), which sought to raise Rs 9,600 crore, was oversubscribed around 1.19 times. The price band was Rs 770-800 per share.
The country's largest general insurance firm New India Assurance Company, which recently concluded its initial public offer, will be making its stock market debut on Monday, November 13, and most likely at a discount or to a slight premium.
The 3rd party logistics (3PL) solutions provider raised Rs 829.35 crore through the issue, at higher end of price band of Rs 425-429 per share.
The company has managed to create a unique positioning in the industry and is an asset-light organization, said Pirojshaw Sarkari, CEO, Mahindra Logistics.
It touched day's low of Rs 416.10 on the National Stock Exchange while its issue price is day's high.
HDFC Standard Life Insurance Company's initial public offer (IPO) was subscribed 4.89 times on the closing day of bidding on Thursday.
The reserved category of retail investors has oversubscribed 17.94 times and high networth individuals 1.21 times.
The initial public offering was oversubscribed over 7.9 times during October 31-November 2, 2017.
The issue received bids for 1,06,68,34,400 shares against the total size of 21,97,59,218 shares, as per NSE data.
According to a CNBC-TV 18 report, the ETF’s first tranche is expected to be released on November 14.