Chrys Capital backed Eris Lifesciences is set to raise Rs 1800 crore through an IPO shortly. The IPO will give an exit to Chrys Capital, which holds around 16.25 percent in the company. Eris Lifesciences Managing Director Amit Bakshi spoke to CNBC TV18's Vikas Dandekar and said that the company is looking at growing in the range of 18 percent to 20 percent, ahead of the industry rate of 10 percent to 12 percent.
It plans to raise close to Rs 450 crore and an offer for sale of up to 12,711,605 equity shares.
The company had filed its draft papers with Sebi in February and received the 'observations' from the regulator on May 16, which is necessary for any company to launch public offer, as per the latest update.
The company's IPO was oversubscribed 8.58 times, with the qualified institutional buyers (QIBs) portion getting oversubscribed 8.38 times, non-institutional investors 10.39 times and retail investors portion 6.47 times.
The IPO to raise Rs 211 crore received bids for 4,75,43,370 shares against the total issue size of 55,44,000 shares, data available with the NSE till 1900 hours showed.
The issue received bids for 17,01,85,050 shares against the total issue size of 12,62,78,838 shares, as per data available with the NSE till 1830 hours. Institutional investors portion was oversubscribed 1.14 times and other investors 1.59 times, sources said.
The fund plans to raise Rs 2,250 crore through its initial share-sale offer, which will close on May 19. It has a price band of Rs 98-100 per unit.
The company had raised a little over Rs 95 crore from anchor investors on Tuesday.
The InvIT, sponsored by Sterlite Power Grid Ventures Ltd, has allotted 10.12 crore units on an average price of Rs 100 to 19 anchor investors for a sum of Rs 1,012.44 crore, it said in a statement.
Construction firm PSP Projects today raised a little over Rs 95 crore from anchor investors ahead of its initial public offering opening tomorrow.
The IPO of Housing and Urban Development Corporation (HUDCO) saw huge demand from investors and was subscribed nearly 80 times.
The Wadia family-promoted airline flies to 23 destinations in the country with a fleet of 19 Airbus A320 and three A320 neo aircraft. It awaits delivery of 141 A320 neo planes, signed as part of its two contracts with the European passenger aircraft manufacturer.
The IPO received bids for over 865 crore shares against the total issue size of 20.4 crore shares, data available with the NSE till 1430 hours showed. Housing and Urban Development Corporation (HUDCO), a 'Miniratna' firm which provides loans for housing and urban infrastructure projects, will close the IPO today where the government is offering 204,058,747 shares for sale.
The company plans to file the draft red herring prospectus (DRHP) for IPO with market regulator Sebi by the end of this year, Managing Director Ankur Aggarwal said.
The IPO received bids for 61,39,95,600 shares against the total issue size of 20,40,58,747 shares, data available with the NSE showed.
Ahmedabad-based construction company PSP Projects planning to raise around Rs 200 crore through their initial public offering (IPO).
The issue, which closes on May 19, includes a fresh issue of up to 72 lakh equity shares and an offer for sale of up to 28.8 equity shares.
The issue was oversubscribed 1.08 times as of 12:30 pm on Tuesday as it received bids worth 22,07,41,600 shares against the total issue size of 20,40,58,747 shares.
The government, which fully owns HUDCO, is selling an about 10 percent stake in a price range of 56 to 60 rupees a share in the IPO that closes on Thursday.
State owned Housing and Urban Development Corporation or HUDCO launched their Rs 1,200 crore initial public offering (IPO) on May 8, 2017. As of this morning, the IPO has been subscribed a total of 0.63 times with over-subscription coming in from the retail end. In an interview to CNBC-TV18, Ravi Kanth Medithi, CMD and Rakesh Kumar Arora, Director-Finance at HUDCO spoke about the IPO and the latest happenings in the company.
From a total issue size of 20,40,58,747 shares, the issue received bids for 8,73,93,000 shares, according to data available on NSE’s website.
Analysts largely bet on the entity’s likely benefits of the government’s housing push as well as its exposure to non-private entities. They recommend subscribing to the issue from a long term perspective.
With fundraising plans to the tune of around Rs 1,200-1,500 crore, the exercise is being done to help the government with divestment plans.