NHAI has filed papers for "public issue of taxable, secured redeemable non convertible bonds in the nature of debentures upto Rs 10,000 crore".
The initial share sale comprises fresh issuance of shares aggregating up to Rs 70 crore and an offer for sale of up to Rs 29 lakh by the company's promoters, according to the draft red herring prospectus (DRHP) filed with Sebi.
The insurer, which had approached the regulator in July seeking its clearance to launch IPO, obtained Sebi's "observations" on November 2, as per the latest update with the market watchdog.
The IPO comprises fresh issuance of shares worth up to Rs 1,300 crore, besides, an offer for sale of up to Rs 250 crore by company's promoter PR Cement Holdings, according to the draft red herring prospectus (DRHP) filed with Sebi.
The company, which had filed its draft papers with Sebi in August seeking its clearance to float an initial share-sale, obtained its "observations" on October 26, latest update with the markets watchdog showed.
Bharat Hotels and Spandana Sphoorty obtained the regulator's "observations" on October 12, latest update with Securities and Exchange Board of India (Sebi) showed.
Meanwhile, on the National Stock Exchange (NSE), the scrip ended at Rs 102.65, marginally higher than its listing price of Rs 102.50.
On the National Stock Exchange, the stock listed at Rs 102.50.
The listing of Garden Reach Shipbuilders is also expected to be tepid, not only due to current bearish market scenario but also because of weak operational performance, experts said
The share price closed at Rs 771 against issue price of Rs 821 on the National Stock Exchange.
The listing was on expected lines due to weak market conditions and sharp correction in NBFCs including housing finance companies after IL&FS-led liquidity fear and high valuations.
Due to current market conditions, experts advise selling Aavas Financiers on listing, even if it lists below Rs 800 per share, as it looks overvalued at the current juncture
The company opened its public offer on September 28 with a price band at Rs 183-185 per share.
The FPO comprises fresh issue of up to 18 crore equity shares, according to the draft papers filed with Securities and Exchange Board of India (Sebi).
The promoters -- Rajendra Gandhi, Sunita Rajendra Gandhi -- and venture capital firm Sequoia Capital India Growth Investment would be offloading their shares.
After starting off day below IPO price at Rs 412, IRCON hit an intraday high of Rs 465 and low of Rs 409.10.
IRCON has an order book of Rs 22,407 crore as of March 2018, which is 5.6 times of FY18 revenue.
Brokerage houses advised either subscribing with caution or said high risk appetite investor may opt this public issue due to current equity market conditions and dependency of the company on limited number of large customers for revenue.
IRCON International has order book of Rs 22,407 crore as of March 2018, which is 5.6 times of FY18 revenue which also gives good revenue visibility for the company.
The portion reserved for qualified institutional buyers in Aavas Financiers has been subscribed 2.77 times, non-institutional investors 13 percent and retail investors 19 percent.
The Rs 345-crore offer, scheduled to close Wednesday, was subscribed 67 per cent till 1700 hours, according to data available with the NSE.
Dinesh Engineers intends to raise Rs 183 crore at lower end and Rs 185 crore at higher end of the price band.
Choice Broking has come out with its report on Dinesh Engineers. The research firm has recommended to "Subscribe" the IPO in its research report as on September 26, 2018
Aditya Birla Money has come out with its report on Aavas Financiers. The research firm has recommended to "Subscribe" the IPO in its research report as on September 24, 2018
Majority of brokerage houses advised subscribing to Aavas Financiers issue with long-term perspective, but not for listing gains as the issue is fairly priced and FY19 earnings multiple do not leave much upside in the near term.