Garden Reach Shipbuilders' aggregate order book as of July 2018 was Rs 20,313.61 crore, comprising gross order value in the shipbuilding segment, engineering segment and the engine segment.
Sakshi Batra is in conversation with Santosh Nair, Editor of Moneycontrol, to find out what’s worrying investors, and how the markets could fare in the coming weeks.
In the offer for sale, promoters Janak Shah and Maya Shah and private equity fund Jacob Balls will sell shares.
The first IPO is state-run Garden Reach Shipbuilders and Engineers aims to raise Rs 345 crore at higher end of price band of Rs 115-118
The IPO will open on September 25 and will close on September 27, Ghanshyam Rawat, chief financial officer of Aavas Financiers, said at a press conference.
Dinesh Engineers will utilise net issue proceeds for expansion of business by setting up of further OFC network under IP-1 license; fund expenditures towards general corporate purposes; and to meet public issue expenses.
Funds raised through pre-IPO placement will be used to strengthen business ahead of Northern Arc's IPO
The new regulation is expected to further bring down investors exposure to market volatility.
Astron Paper was the smallest IPO worth Rs 70 crore since 2017 and state-run General Insurance Corporation was the largest public issue worth Rs 11,372 crore.
The public issue comprises an offer for sale of 99,05,157 equity shares by the Government of India. Retail investors and eligible employees will get shares at a discount of Rs 10 per share on the final offer price.
At the higher price band of Rs 475 per share, IRCON's share is valued at a P/E multiple of 10.9x (to its restated FY18 EPS of Rs 43.8), which shows the issue is attractively priced at current levels, brokerages said.
IRCON International would be the 9th company coming out with public issue in current financial year 2018-19 while it would the second company from Government of India coming out with IPO under divestment programme.
The Kolkata-based shipbuilder that builds warships and patrol vessels for Indian Navy and Coast Guard will be launching its IPO on September 24 at price band of Rs 115- 118 per equity share
Nayar is a former investment banker and used to specialise in IPOs. The company, which at present has 22 outlets across the country, is looking at opening 180-200 Nykaa stores in the next 4-5 years.
In the pre-opening trade, the stock price settled at Rs 385, a 8.77 percent discount to final offer price.
With elections less than eight months away, companies want to wait and watch. A Delhi-based investment banker reckons You may now see only PSU issues over the next 5 months or so
The portion set aside for qualified institutional buyers (QIBs) was subscribed 5.52 times, while that of non institutional investors was 98 per cent and retail investors witnessed a subscription of 88 per cent.
Harsha Engineers' initial public offering comprises a fresh issuance aggregating up to Rs 370 crore and an offer for sale by promoter group.
AGS proposes to utilise fresh issue proceeds for repayment of certain loans; and general corporate purposes.
Senco Gold proposes to utilise its issue proceeds for establishment of new showrooms; working capital requirements; and general corporate purposes.
Astha Jain advises investors to hold shares for around a year or so as she expects the stock to gain 10-15% over its issue price
T Rowe Price had filed a petition last week in the High Court seeking an extension of the term of Managing Director and Chief Executive Officer Leo Puri, whose tenure ended on Aug 13.
The public sector undertaking had filed draft papers with the Securities and Exchange Board of India (Sebi) in April seeking its clearance to launch an IPO and obtained its "observations" on August 10, according to the latest update with the markets watchdog.
The Bengaluru based firm is an engineering led integrated manufacturer of complex and high quality precision components for the automotive and aerospace sectors,
Sansera Engineering will not receive any proceeds from the offer. All proceeds from the Offer will go to selling shareholders.