John Energy, backed by ace investor Rakesh Jhunjhunwala, has filed draft papers with markets regulator Sebi to raise an estimated Rs 350 crore through an initial public offering.
Last year, around 55 SME companies had tapped the IPO route and got listed on the exchange's platform.
Going by the draft red herring prospectus (DRHP), the public issue comprises sale of 64,428,280 equity shares, amounting to 20 percent stake, by ICICI Bank.
Capricorn Food Products India Ltd, an integrated food processing company, today filed draft papers with markets regulator Sebi to float an initial public offering.
The next update would be available on February 12.
Newgen Software's initial public offer (IPO) comprises fresh issue of shares worth up to Rs 95 crore by the company and an offer for sale of 13,453,932 equity shares by the existing shareholders.
The initial public offer (IPO) of Apollo Micro Systems, which caters primarily to the defence and aerospace sectors, was subscribed 2.14 times on the first day of bidding on Wednesday.
The company will seek approval at AirAsia India's next board meeting to pick a banker to start the preliminary process for the IPO, Fernandes said on Twitter.
Funds raised were used for business expansion plans, working capital requirements and other general corporate purposes.
The year, again, witnessed significant activity in the SME platform; there were as many as 133 SME IPOs, the highest ever, which collected a total of Rs. 1,679 crore (previous year 67 IPOs for Rs. 537 crore).
Last two years have been magnificent in terms of number and amount of IPOs that ventured into the primary markets.
India's main stock indexes have surged almost 30 percent this year, bolstered by strong foreign inflows, spurring companies to raise a record of more than $11 billion through IPOs so far this year.
Thane-based business process outsourcing (BPO) company One Point One Solutions has taken the SME markets by storm garnering a whopping subscription of over Rs 2,600 crore for its Rs 43 crore initial public offering.
Shares of multi-speciality hospital chain Shalby Ltd made a sluggish debut on bourses on Friday, ending 3.5 percent lower over the issue price of Rs 248.
In an interview to CNBC-TV18, Raj Sharma, Chairman of Majestic Research Services and Solutions, which listed in mid-2015 and is one of Asia's largest independent full service market research companies and Mahavir Lunawat, Group Founder & MD of Pantomath Group which has handled the maximum SME IPOs overall discussed about the road ahead and what the risks are.
The company is a joint venture between Apollo Hospitals Group and Germany-based reinsurer Munich Re.
Future Supply's initial public offer (IPO) opened for public subscription on December 6 at a price band of Rs 660- 664 per share.
Indian hospital operator Shalby Ltd's initial public offering to raise 5.1 billion rupees (USD 79 million) was subscribed 2.8 times on the last day of the sale on Thursday.
Xiaomi was valued at USD 46 billion in a 2014 funding round completed before its sales stagnated. More recently it has seen expectations of its value pick up following strong results this year.
The initial public offer of Future Supply Chain Solutions, the logistics arm of the Future Group, was subscribed 32 percent on the first day of the bidding on Wednesday.
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 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 the selling shareholder.
Value investors as a norm do not like to invest in initial public offerings (IPO). Most of them publicly disclose their aversion to it and advice retail investors to stay away from it.