The initial share sale, which opened to public subscription yesterday, will close tomorrow. Shalby on Monday raised over Rs 150 crore from anchor investors.
Future Group's logistics arm Future Supply Chain solutions initial public offering (IPO) opens. The company plans to raise Rs 650 crores via the public offer. In an interview with CNBC-TV18, Sanjay Jain, Group CFO of Future Group spoke about the latest happenings in his company and sector.
HEM Securities has come out with its report on Future supply chain solutions IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 06, 2017.
The Rs 650-crore initial public offer of Future Supply Chain Solutions is set to open for subscription on Wednesday, with a price band of Rs 660-664 per share.
In all, 2.93 million shares were allocated to 16 anchor investors. Nine of the anchor investors were mutual fund schemes belonging to six mutual fund houses.
The initial share sale of Shalby will be open for public subscriptions till December 7.
Future Supply said revenue earned from services related to contract logistics, express logistics and temperature-controlled logistics represented 69.8 percent, 21.7 percent and 6.2 percent of revenue from operations in fiscal 2017, respectively
The large part of the IPO proceeds will be used to pare debt and some for improvisation of facilities and buying equipment, said Vikram Shah, Chairman and MD, Shalby Hospitals.
SPA Research has come out with its report on Shalby Company IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 04, 2017.
The Ahmedabad-based multi-speciality hospital chain fixed the price band between Rs 245 to Rs 248 per equity share for its proposed initial public offer (IPO) to raise about Rs 504 crore.
The company's IPO committee has finalised allocation of 60,70,150 equity shares to 11 anchor investors at Rs 248 apiece, also the upper price band for the offer, Shalby informed to the stock exchanges.
The IPO is expected to be one of the biggest in recent times, with an estimated size of over Rs 10,000 crore, merchant banking sources said.
In the current fiscal, domestic companies have raised Rs 49,175 crore between April and October, which is more than the amount raised between FY12-FY16 put together.
The public offer comprises a fresh issue of equity shares aggregating up to Rs 480 crore and an offer for sale of up to 10,00,000 equity shares by Dr Vikram Shah.
After the proposed IPO, HDFC AMC would continue to be a subsidiary of HDFC.
The IPO comprises fresh issue of little over 1.67 crore shares by Reliance General Insurance besides an offer for sale of 5.03 crore shares by Reliance Capital.
The company has fixed a price band of Rs 655-660 for the issue which will offer up to 9,784,570 equity shares that has a face value of Rs 10 each, and an offer-for-sale of up to 7,827,656 shares or 20 percent equity by Griffin Partners.
The IPO comprises fresh issue of equity shares worth Rs 1,100 crore, besides, Srei Infrastructure Finance will sell up to 43,86,765 shares in an offer for sale, the listed entity said in a regulatory filing to the exchanges.
Kishore Biyani led Future Supply Chain Solutions is all set to launch its Rs 650 crore IPO. The issue is priced between Rs 660 to 664 per share and opens on December 6 and closes on December 8. CNBC-TV18's Priya Sheth caught up with the management and began by asking them what the dilution is in terms of promoters as well as of the private equity post the issue.
CNBC-TV18's Priya Sheth caught up with retail czar Kishore Biyani, CEO of Future Group at the company's largest warehouse in Nagpur to understand the company's growth plans.
Our partner Generali is looking at increasing their stake in the insurance business but we are not on a journey of listing this business, said Kishore Biyani, CEO, Future Group.
“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.