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.
The InvIT Fund, sponsored by engineering company IRB Infrastructure Developers, has allotted 20.53 crore units on an average of Rs 102 to 28 anchor investors for a sum of Rs 2,094.50 criteria, it said in a statement.
The company plans to raise over Rs 4,650 crore and the price band for the same has been fixed at Rs 100-102 per unit.
The IRB Infrastructure Developers’ InvIT Fund has allotted 20.53 crore units on an average of Rs 102 to 28 anchor investors for a sum of Rs 2,094.50 crore, the company said in a statement.
The initial public offering of textbook publisher S Chand and Company saw solid investor demand as it was oversubscribed 59.28 times on the last day of offer today.
The issue received bids worth 45,40,74,896 shares for a total issue size of 76,85,284 shares, according to data available on the National Stock Exchange (NSE).
Provisioning for NPAs is made and so the current net NPA is only 1.51 percent, said Ravi Kanth Medithi, CMD, HUDCO.
The issue received bids for 1.06 crore equity shares against the total issue size of 76.85 lakh shares (excluding anchor investors' reserved portion), as per NSE data.
HUDCO aims to raise Rs 1,121 crore at lower end of price band and Rs 1,201.1 crore at higher end of price band.
S Chand and Company Ltd is waiting to make a debut on Dalal Street. This is India’s leading education content company. The initial public offering (IPO) is open today. In an interview to CNBC-TV18, Himnanshu Gupta, MD of the company spoke about the latest happenings in his company and sector.
Hem Securities has come out with its report on S Chand & Company. The research firm has recommended to "Subscribe " the IPO in its research report as on April 25 , 2017.
Bid can be made for a minimum of 10,000 units and in multiples of 5,000 units thereafter.
ICICI Direct has come out with its report on S Chand & Company. The research firm has recommended to "Subscribe " the IPO in its research report as on April 24 , 2017.
The IPO comprises fresh issue of shares worth Rs 325 crore in addition to Rs 403 crore of offer for sale at the higher band of Rs 670. The total size of the IPO will be about Rs 728 crore at the higher band.
LKP Research has come out with its report on S Chand & Company. The research firm has recommended to "Subscribe " the IPO in its research report as on April 21 , 2017.
The IPO comprises fresh issuance of shares worth Rs 325 crore and an offer for sale of 6,023,236 scrips by the existing shareholders, the company said in a statement. At the upper end of the price band, the public issue is expected to fetch Rs 728.55 crore.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 51.6 times of the issue portion, while non-institutional investors segment witnessed subscription of 90.68 times.
The IPO comprises fresh issue of shares worth Rs 45 crore and an offer for sale of little over 65 lakh shares.
The IPO received bids for 36,98,979 shares against the total issue size of 33,32,000 shares, data available with the NSE till 1230 hrs showed.
Hudco had filed draft papers with the Securities and Exchange Boardof India (Sebi) in January and got the markets watchdog's "observation" on March 10, which is necessary for any company to launch public offer.
Analysts largely remain upbeat on the issue, citing it a good option with a long term perspective.
The company's initial share sale would commence tomorrow and close on March 24.