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April 20, 2021 09:10 AM IST Aditya Birla Capital Limited (ABCL) has approved sale of up to 28,50,880 equity shares of face value of Rs 5 each held in Aditya Birla Sun Life AMC.
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April 19, 2021 05:33 PM IST Macrotech Developers remained under pressure throughout the session. It touched an intraday high of Rs 477.90 and a low of Rs 421.15 after opening 10 percent lower at Rs 439.
- April 19, 2021 12:43 PM IST
Gaurav Garg of CapitalVia Global Research feels Macrotech Developers has pretty high number of unsold inventories which is a major concern that investors are worried about.
- April 19, 2021 10:00 AM IST
Macrotech Developers' Rs 2,500 crore public issue had seen a 1.36 times subscription during April 7-9, the lowest subscription since October 2019.
- April 18, 2021 10:18 AM IST
There has been a muted response to Macrotech Developers (Lodha Developers) as the issue was not able to impress primary market participants, says Gaurav Garg of CapitalVia Global Research.
- April 17, 2021 12:27 PM IST
Two years ago, Glenmark Pharmaceuticals had attempted to sell a minority stake in its API business to private equity funds but those plans did not fructify. Post the Q3FY21 results, the management indicated that API growth outlook remained strong for the next two-three years owing to a favourable demand-supply scenario.
- April 15, 2021 10:59 AM IST
The primary market saw a strong flow of IPOs in FY21, with companies raising more than Rs 31,000 crore through public offering and the trend is expected to continue in FY22 as well.
- April 14, 2021 02:23 PM IST
In terms of numbers, FY21 witnessed 55 initial public offerings (IPO) and one follow-on public offer (FPO), the finance ministry said in a statement.
- April 13, 2021 10:06 PM IST
The issue will be a complete offer for sale of 1,15,08,704 equity shares by promoter and other existing selling shareholders. The company will also reserve some shares for its employees.
- April 10, 2021 08:05 PM IST
Suryoday Small Finance Bank hit the markets in March, 2021 with a Rs 583 crore IPO and had a muted listing. Another player, TPG backed Jana Small Finance Bank filed a DRHP earlier this month to raise upto Rs 700 crores in fresh capital, with existing shareholders eyeing a partial exit through the OFS ( offer for sale ) route.
- April 10, 2021 03:01 PM IST
Shriram Properties has proposed partial exits to its four existing investors – TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital — which hold around 58 percent stake in the company.
- April 10, 2021 01:06 PM IST
After the finalisation of basis of allotment for Macrotech Developers, the funds will be refunded to anchor investors, if any, and unblocked from ASBA account around April 19.
- April 09, 2021 08:17 PM IST
For the longest time, startup IPOs in India have been a mirage. Companies have spoken about them as a distant goal but no real desire to go public was seen.
- April 09, 2021 12:56 PM IST
True North has launched six separate investment funds with a combined corpus of ~$3 billion including co-investments and its domestic portfolio includes the likes of Biocon Biologics, Fincare and Home First Housing Finance which recently made a market debut.
- April 09, 2021 12:37 PM IST
To get fully subscribed main board public issues have to receive at least 90 percent subscription from the qualified institutional buyers
- April 09, 2021 12:07 PM IST
Pine Labs that is backed by Mastercard, Sequoia, Actis Capital, PayPal and Temasek, has been in touch with law firms, auditors and bankers for a year but it is not yet in a position to say when it would go for the IPO.
- April 09, 2021 10:27 AM IST
We recommend investors to book profits after a strong 42 percent listing gains of Barbeque Nations over the issue price. Valuations are currently at a premium to peers
- April 08, 2021 12:42 PM IST
Macrotech Developers, formerly Lodha Developers, is looking to mop up Rs 2,500 crore through the IPO and will utilise the proceeds to repay debt and acquire land or land development rights.
- April 08, 2021 09:31 AM IST
Earlier in March, Policybazaar raised $75 million in funding led by US-based Falcon Edge Capital.
- April 07, 2021 07:13 PM IST
Walmart’s Flipkart is aiming to roll out its Initial Public Offering (IPO) in the fourth quarter in the United States
- April 07, 2021 04:41 PM IST
Choice Equity Broking has come out with its report on Macrotech Developers. The research firm has recommended to ''Subscribe'' the ipo in its research report as on April 06, 2021.
- April 07, 2021 02:50 PM IST
The stock opened at Rs 492, down 1.6 percent from the issue price of Rs 500, but gained strength and ended 18 percent higher.
- April 07, 2021 01:43 PM IST
The IPO is entirely an offer for sale (OFS) by existing promoters and other shareholders, according to draft red herring prospectus.
- April 07, 2021 12:17 PM IST
Macrotech Developers incurred a net loss of Rs 264 crore during the nine months period ended December 2020 affected by COVID-19 and a one-time provision of Rs 500 crore
- April 07, 2021 10:54 AM IST
Macrotech has now emerged as a much stronger play, leaving behind its past luggage
