The airline is a joint venture between Tatas and Malaysia's AirAsia Berhad commenced operations in June 2013.
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 public issue comprises a fresh issue of equity shares aggregating up to Rs 475 crore and an offer for sale of up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore and Daljit Singh up to Rs 62.5 crore.
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.
The company fixed a price of Rs 270-275 per share and said that the proceeds will be used to meet additional working capital and other general corporate purposes.
According to a statement, the company has allotted 16,96,050 shares to four anchor investors at a price of Rs 275 per scrip, garnering Rs 46.64 crore,
SSJ Finance and securities has come out with its report on Apollo Micro systems IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 09, 2017.
The IPO, to raise about Rs 424 crore, comprises fresh issue of up to Rs 950 million by the company and an offer for sale by the selling shareholders.
Investment Imperative has come out with its report on SKS textiles IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 06, 2017.
The meetings are an indication that preparations for a 2018 initial public offering, which could be the biggest IPO in history, are progressing despite market speculation it could be delayed or even shelved.
Indian IT firm Newgen Software Technologies is planning to raise around Rs 450 crore through initial public offer, which it expects to launch this month.
The move comes as the kingdom prepares to sell under five percent of state-owned Aramco, the crown jewel of its economy, in what is expected to be the world's largest ever initial public offering.
The initial public offer will open on January 10 and close on January 12, Apollo Micro Systems said in a statement.
Funds raised were used for business expansion plans, working capital requirements and other general corporate purposes.
The BSE-SME segment has fast emerged as the preferred platform for SME's to raise capital and engage investors. The platform provides immense opportunity to entrepreneurs to raise equity capital for growth and expansion, and for investors to identify and invest in SMEs at an early stage.
Lemon Tree Hotels' public offer comprises sale of up to 19,57,97,000 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp.
"Bandhan Bank Ltd has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering of up to 11,92,80,494 equity shares of face value of Rs 10 each," the lender said in a statement.
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).
National Insurance's IPO will most likely come out in Q1 of FY19.
In a statement, the bank said it proposes to offer up to 119,280,494 equity shares of face value of Rs 10 each at a price to be determined through a book building process including premium.
The insurance industry is witnessing growth and is projected to have great times in the years to come.
The stock locked at 5 percent upper circuit at close, compared with pre-opening price.
Watch accompanying video of CNBC-TV18's Mangalam Maloo on the performance of IPO market in 2017.
The initial public offer (IPO) was oversubscribed 243.20 times.
Watch the interview of GV Ravishankar, MD at Sequoia Capital, Kamal Yadav, MD at Morgan Stanley, Sudhir Bassi, Executive Director at Khaitan & Co, and A Velumani, Chairman, MD, and CEO at Thyrocare with Nisha Poddar of CNBC-TV18 where they discussed the IPO market in India.