The company will not receive any proceeds from the offer and all proceeds will go to the Central Government.
The REIT issue received bids for 8,54,49,600 units against the total issue size of 7,12,56,400 units, according to NSE data till 1430 hrs.
The REIT issue has received bids for 1,39,30,400 units against the total issue size of 7,12,56,400 units, as per data available with NSE.
Post the utilisation of the IPO proceeds, its total indebtedness is expected to be less than 15 percent of market value initially.
Ace investor and Avenue Supermarts' owner Radhakishan Damani and his brother are among Indian investors, who invested Rs 160 crore against 53.36 lakh shares in Blackstone-backed company, through their five trusts
The initial public offer was subscribed 1.12 times on the third day of bidding Friday.
The company will get the first mover advantage on account of domain expertise in providing e-commerce services thereby helping to boost its business. It has a robust, advanced and scalable technology platform.
The issue will be launched on March 13 and closes on March 15.
Confidential IPO filings work, like it has in the US. But, the regulator must maintain confidentiality at its end as well.
The insurance company has been talking about an IPO since 2016. The issue is necessitated by the American financial services major and its partner Metlife Inc's plans to exit the company.
Getting listed on a stock exchange not only brings a wider recognition to the company, it also gives the company an opportunity to raise funds from one of the most traditional investor class, the public. By listing, the risk of ownership is spread among a wider group of shareholders thereby allowing the original shareholders to make profits while retaining a stake in the company.
With this, the total number of company getting Sebi's clearance for the public issues -- initial public offer (IPO) and follow on public offer (FPO) -- has reached to seven, so far in the new year.
The IPO will also include an offer by Reliance Capital to sell up to 79.5 million shares, Reliance Capital said.
The initial public offering of Chalet Hotels, which owns, develops and manages high-end hotels in key metro cities in India, was subscribed 1.57 times on the last day of bidding on Thursday.
Mazagon, a leading shipyard of the country, would see sale of over 2.24 crore equity shares, amounting to 10 percent stake of the government.
The Government of India will dilute its stake in the company by selling 1.76 crore equity shares (representing 25 percent of total paid-up equity) through offer for sale.
The initial public offer (IPO) will see sale of 17,600,000 shares, amounting to 25 per cent stake, of the company through the offer for sale (OFS) route by the government, the draft prospectus filed with Sebi showed.
The initial public offering (IPO) to raise about Rs 1,641 crore received bids for 6,49,07,563 shares against the total issue size of 4,13,26,672 shares, as per NSE data till 1800 hrs.
The IPO, to raise about Rs 1,641 crore, received bids for 1,16,68,957 shares against the total issue size of 4,13,26,672 shares, according to data available with the National Stock Exchange (NSE).
The IPO, to raise about Rs 1,641 crore, received bids for 27,85,574 shares against the total issue size of 4,13,26,672 shares, as per the data available with the NSE.
It operates five hotels, including a hotel with a co-located serviced residence, located in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru, representing 2,328 keys, as of March 31, 2018.
We recommend investors to Subscribe for the Long term on the issue, said Hem Securities
Chalet Hotels Friday announced a Rs 1,600-crore initial public offering which includes issue of fresh equity and also sale by promoters.
Besides, kitchen appliances maker Stove Kraft and wire and cable maker Polycab India obtained the regulator's go- ahead to launch their respective initial public offers (IPOs).