The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
HEM Securities has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
HEM Securities has come out with its report on Newgen Softwaee technologies IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
SSJ Finance and securities has come out with its report on Newgen Software Technologies IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018.
The IPO to raise Rs 156 crore received bids for 1,02,22,96,950 shares against the total issue size of 41,44,955 shares, data available with NSE till 1630 hrs showed.
In an interview to CNBC-Tv18, Sai Krishna, Director of Apollo Micro Systems spoke about the latest happenings in his company and the sector.
Apollo, whose IPO opened yesterday, on a net worth of Rs 63 crore, company is seeking to raise Rs 156 crore for a mere 24.7 percent stake.
The airline is a joint venture between Tatas and Malaysia's AirAsia Berhad commenced operations in June 2013.
The initial public offer (IPO) of Apollo Micro Systems, which caters primarily to the defence and aerospace sectors, was subscribed 2.14 times on the first day of bidding on Wednesday.
The public issue comprises a fresh issue of equity shares aggregating up to Rs 475 crore and an offer for sale of up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore and Daljit Singh up to Rs 62.5 crore.
The company will seek approval at AirAsia India's next board meeting to pick a banker to start the preliminary process for the IPO, Fernandes said on Twitter.
The company fixed a price of Rs 270-275 per share and said that the proceeds will be used to meet additional working capital and other general corporate purposes.
According to a statement, the company has allotted 16,96,050 shares to four anchor investors at a price of Rs 275 per scrip, garnering Rs 46.64 crore,
SSJ Finance and securities has come out with its report on Apollo Micro systems IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 09, 2017.
The IPO, to raise about Rs 424 crore, comprises fresh issue of up to Rs 950 million by the company and an offer for sale by the selling shareholders.
Investment Imperative has come out with its report on SKS textiles IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 06, 2017.
The meetings are an indication that preparations for a 2018 initial public offering, which could be the biggest IPO in history, are progressing despite market speculation it could be delayed or even shelved.
Indian IT firm Newgen Software Technologies is planning to raise around Rs 450 crore through initial public offer, which it expects to launch this month.
The move comes as the kingdom prepares to sell under five percent of state-owned Aramco, the crown jewel of its economy, in what is expected to be the world's largest ever initial public offering.
The initial public offer will open on January 10 and close on January 12, Apollo Micro Systems said in a statement.
Funds raised were used for business expansion plans, working capital requirements and other general corporate purposes.
The BSE-SME segment has fast emerged as the preferred platform for SME's to raise capital and engage investors. The platform provides immense opportunity to entrepreneurs to raise equity capital for growth and expansion, and for investors to identify and invest in SMEs at an early stage.
Lemon Tree Hotels' public offer comprises sale of up to 19,57,97,000 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp.
"Bandhan Bank Ltd has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering of up to 11,92,80,494 equity shares of face value of Rs 10 each," the lender said in a statement.
The year, again, witnessed significant activity in the SME platform; there were as many as 133 SME IPOs, the highest ever, which collected a total of Rs. 1,679 crore (previous year 67 IPOs for Rs. 537 crore).