The initial public offer of H G Infra Engineering was subscribed 44 percent on the second day of bidding on Tuesday.
The IPO consists of a fresh issue of shares aggregating up to Rs 300 crore and an offer for sale of up to 60 lakh scrips by the existing shareholders.
The issue priced in the range of Rs 263-270 apiece will open on February 26 and will close on February 28, 2018.
The IPO committee has finalised allocation of 51,33,150 equity shares to as many as 11 anchor investors at Rs 270 apiece, also the upper price band for the offer, the company informed the stock exchanges.
Bharat Dynamics and IREDA had received 'observations' from the Securities and Exchange Board of India (Sebi) on February 15 and February 16, respectively, as per the latest update with the markets watchdog.
HG Infra aims to raise Rs 462 crore through the issue at a price of Rs 270 per share.
Proceeds of the fresh issue would be used towards repayment of debt, purchase of medical equipment, and for general corporate purposes.
Non-banking finance company IndoStar Capital Finance has filed draft papers with capital markets regulator SEBI to raise an estimated Rs 2,000 crore through an initial share-sale.
In an interview with CNBC-TV18, Azad Moopen, Chairman of Aster DM Healthcare spoke about the latest happenings in his company and sector.
The company will use the amount raised through IPO for repayment and/or pre-payment of debt, purchase of medical equipment and for general corporate purposes.
Anchor investors are SBI MF, Sundaram MF, Karst Peak Asia Master Fund, DB International Asia, Societe Generale, Caisse De Depot Et Placement Du Quebec - First State Investments International and First State Indian Subcontinent Fund.
As Indian Railway Finance Corporation (IFRC) gets ready for its Dalal Street debut, CNBC-TV18 caught up with the company's Managing Director, SK Pattanayak and he exclusively said that IRFC is ready to get listed as the Corporate Affairs Ministry (MCA) has resolved the tax issue, which was delaying the process.
Established in 1970, the Mumbai-based firm is a leading producer of speciality additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other speciality applications.
"The shares will be listed on BSE SME Exchange," the company said in a statement.
Capricorn Food Products India Ltd, an integrated food processing company, today filed draft papers with markets regulator Sebi to float an initial public offering.
The IPO consists of a fresh issue of up to Rs 725 crore and an offer for sale of up to 1,34,28,251 equity shares by the promoter, Union Investments Private Limited.
Galaxy Surfactants' Rs 937-crore IPO received bids for 8,85,08,110 shares against the total issue size of 44,32,174 shares, data available with the NSE till 1930 hours showed.
Investors bid for 88.1 million shares, or 19.9 times the 4.4 million shares on offer, stock exchange data as of 1258 GMT showed.
Speciality chemicals manufacturer Galaxy Surfactants initial public offer was fully subscribed on the first day of bidding today.
The issue will close on February 7 and the anchor allocation is scheduled a day before the issue open i.e. February 2.
Going forward they expect to grow both in the speciality ingredients and performance products, said U Shekhar, Founder and Managing Director, Galaxy Surfactants.
Multiple brokerages are recommending subscribing to the issue, citing fair valuations and factors such as having a first movers’ advantage.
Galaxy Surfactants aims to raise Rs 930.75-937.08 crore at a price band of Rs 1,470-1,480 per share. Out of which, it already garnered Rs 281.13 crore from 33 anchor investors at Rs 1480 per share on January 25.
This is the fourth PSU that has approached Sebi for IPO in less than one month. The other three are - Mishra Dhatu Nigam Ltd, RITES Ltd and Indian Renewable Energy Development Agency (IREDA).
Route Mobile will also use issue proceeds for investment in subsidiaries for purchase of office premises in London and Singapore; purchase of business process outsourcing centre in Noida; and general corporate purposes.