Listing of Reliance General Insurance is expected to be completed in FY18, the company said.
Brokerages largely remain positive on the issue and recommend subscribing to it from a long term perspective. Moneycontrol takes a look at what brokerages are saying.
Bharat Road Network aims to garner around Rs 600 crore through the issue that will close on September 8.
Indore-based snacks maker Prataap Snacks expects to launch its Rs 250-crore initial public offer (IPO) in the next couple of months.
The public issue comprises of fresh issue up to Rs 130 crore and an offer for sale of up to 37,67,254 equity shares by promoter and promoter group.
The initial public offer of Matrimony.com, which runs online match making business under BharatMatrimony brand, is likely to open on September 11.
Bharat Road Network is targeted to raise around Rs 600 crore at higher end of price band, through this issue.
The company is selling new shares to raise up to 600 million rupees, while some of its shareholders are planning to sell just over 3 million shares in the offer that closes on September 8.
Future Enterprises holds 57.42 percent stake in the company and Griffin India Partners 40 percent as of March 2017.
The retail investors category was oversubscribed 8.3 times and the non-institutional investors category 7.82 times while the reserved portion of qualified institutional investors oversubscribed 1.91 times.
The IPO, with an aim to raise up to Rs 152 crore, received bids for 69,46,240 shares as against the total issue size of 62,10,000, NSE data till 1445 hours showed. Apex Frozen on Monday raised over Rs 43 crore from anchor investors. The offer will close tomorrow.
The company aims to raise around Rs 152 crore through the issue that will close on August 24.
Apex Frozen Foods, which is in the business of aquaculture products, today raised over Rs 43 crore from anchor investors ahead of its IPO, which opens tomorrow.
At the upper end, the shares can fetch up to Rs 152.25 crore while at the lower limit, the company will raise at least Rs 148.77 crore.
Aside has a sizeable presence in the middle east with 7 hospitals, 89 clinics and 202 retail pharmacies in the Gulf Cooperation Council (GCC) states . It also has 11 multi-speciality hospitals and 6 clinics in India, and one clinic in the Philippines as of 31 March.
Mahindra Group's logistics arm has filed draft papers with markets regulator Sebi to raise an estimated Rs 700 crore through an initial public offering.
State-run Cochin Shipyard targets to raise up to Rs 1,468 crore through its share sale offer. The price band for public issue of 3.3984 crore equity shares is fixed at Rs 424-432 per share.
The initial share sale offer of Cochin Shipyard was oversubscribed 3.16 times on the second day of the three-day bidding today.
Public sector unit Cochin Shipyard aims to raise up to Rs 1,468 crore through its share sale offer.
The initial share sale offer of Security and Intelligence Services (India) Limited (SIS) was oversubscribed 1.93 times on the second day of bidding.
We applied Buffett’s investing framework to see if the Cochin Shipyard’s IPO is worth applying for.
Most domestic brokerage firms have recommended investors to subscribe to the issue on account of attractive valuations, healthy order book, and low debt on books as well as quality management.
The IPO received bids for 19,96,380 shares against the total issue size of 53,16,187 shares, data available with the NSE showed.
In an interview to CNBC-TV18, Rituraj Sinha, Group MD at Security & Intelligence Services India spoke about the issue and the latest happenings in the company.