The IPO, which aims to raise Rs 504 crore, received bids for 1,57,11,900 shares against the total issue size of 1,45,21,686 shares - a subscription of 1.08 per cent - data available with NSE till 11.30 am showed.
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.
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.
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.
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 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.
RINL, which was earning steady profits up to 2014, has been making losses due to variety of reasons such as slowdown and cheap imports from China.
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.
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 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 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 reserved category of retail investors has oversubscribed 17.94 times and high networth individuals 1.21 times.
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.
The IPO, estimated to raise Rs 8,695 crore, received bids for 25,78,71,850 shares against the total issue 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.
At present, HDFC owns 61.41 percent stake in HDFC Standard Life and Standard Life has about 34.86 percent stake, while the remaining is with employees and PremjiInvest.
HDFC Standard Life Insurance Company Limited's initial public offering (IPO) opens today and its after 22 years that the group has approached the capital market. The price band for the IPO is fixed between Rs 275 and Rs 290 per share and through the offer the existing shareholders will be diluting approximately 15 percent. CNBC-TV18’s Yash Jain caught up with the man of the moment, Amitabh Chaudhry, MD & CEO of HDFC Life and asked him about the strong anchor investor interest received by the company.
Brokerages largely recommend subscribing to the issue with a long term view, but point out the steep valuation of the issue despite strong fundamentals
HDFC and Standard Life Mauritius are two promoters of the company, which respectively hold 61.21 percent and 34.75 percent of equity shares as of October 25, 2017.
The company received bids for 14.31 crore shares against an issue size of 12.87 crore shares, data available with the NSE as of 5:15 pm showed.