The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in November last year and obtained 'observations' from the regulator on January 12, 2018, the latest update with markets watchdog showed.
IT firm Newgen Software Technologies on Monday raised over Rs 127 crore from anchor investors ahead of its initial share-sale, which opens on Tuesday.
Casual dining chain Barbeque- Nation Hospitality has received markets regulator SEBI's approval to raise an estimated Rs 700 crore through initial public offering (IPO).
The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
The IPO to raise Rs 156 crore received bids for 1,02,22,96,950 shares against the total issue size of 41,44,955 shares, data available with NSE till 1630 hrs showed.
Apollo, whose IPO opened yesterday, on a net worth of Rs 63 crore, company is seeking to raise Rs 156 crore for a mere 24.7 percent stake.
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 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.
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.
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.
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.
The qualified institutional buyers (QIBs) portion got oversubscribed 103.36 times, non institutional investors 396.99 times and retail investors 76.26 times, merchant banking sources said. The issue is in the price band of Rs 45-50.
Astron Paper and Board Mills' initial public offer (IPO) was over-subscribed 12.39 times on the third day of issue on Tuesday.
The IPO to raise Rs 70 crore received bids for 9,60,60,160 shares against the total issue size of 1,40,00,000 shares, data available with the NSE showed.
Earlier this year, ICICI Bank had diluted part of its holding in ICICI Lombard General Insurance Company's IPO.
With 1,40,00,000 equity shares of face value of Rs 10 each, at the upper end of the price band, the firm could be looking to raise Rs 70 crore through the issue that will close on December 20, 2017.
The IPO, which opened for subscription from December 5-7, was subscribed 2.8 times at a price band of Rs 245-248 per share.
Jhunjhunwala expects Nazara, which may list next year, to be a market leader in the mobile gaming arena.
The IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale of 80 lakh scrips by GTI Capital Beta Pvt Ltd, according to the draft red herring prospectus (DRHP) filed with Sebi.
The issue will open on December 15, 2017 and will close on December 20, 2017. The company has set a price band of Rs 45-50 per equity share for the same.
The IPO, which aims to raise Rs 504 crore, received bids for 1,57,11,900 shares against the total issue size of 1,45,21,686 shares - a subscription of 1.08 per cent - data available with NSE till 11.30 am showed.
Future Group's logistics arm Future Supply Chain solutions initial public offering (IPO) opens. The company plans to raise Rs 650 crores via the public offer. In an interview with CNBC-TV18, Sanjay Jain, Group CFO of Future Group spoke about the latest happenings in his company and sector.
The Rs 650-crore initial public offer of Future Supply Chain Solutions is set to open for subscription on Wednesday, with a price band of Rs 660-664 per share.
Future Supply said revenue earned from services related to contract logistics, express logistics and temperature-controlled logistics represented 69.8 percent, 21.7 percent and 6.2 percent of revenue from operations in fiscal 2017, respectively
The large part of the IPO proceeds will be used to pare debt and some for improvisation of facilities and buying equipment, said Vikram Shah, Chairman and MD, Shalby Hospitals.