State-owned steel company Mishra Dhatu Nigam or MIDHANI opens its initial public offering (IPO) for subscription today. The government aims to raise Rs 438 crore from this IPO.
The issue, through which the Bengaluru-based firm aims to raise Rs 4,229 crore, received bids for 3,37,37,556 shares against the total issue size of 3,41,07,525 shares, data available with the NSE till 1945 hrs showed.
The IPO to raise Rs 512 crore received bids for 43,80,165 shares against the total issue size of 1,08,72,661 shares, data available with the NSE showed.
The IPO, through which the Bengaluru-based firm aims to raise Rs 4,229 crore, received bids for 1,53,96,864 shares against the total issue size of 3,41,07,525 shares, data available with the NSE showed.
The IPO received bids for 5,33,745 shares against the total issue size of 1,08,72,661 shares, as per NSE data.
The entire issue by Lemon Tree Hotels consists of offer for sale by Maplewood Investment, RJ Corp, Ravi Kant Jaipuria and Sons (HUF), Whispering Resorts, Swift Builders, Five Star Hospitality Investment Limited, Palms International Investments Limited, Satish Chander Kohli and Raj Pal Gandhi.
The bank is aimed to raise Rs 4,413.4 crore - Rs 4,473 crore at a price of Rs 370-375 per share, respectively.
The Sandhar Technologies initial public offerings (IPO) opens for subscription today. The price band is fixed between Rs 327 and Rs 332. In an interview to CNBC-TV18, Jayant Davar, the Co-Chairman and MD of the company spoke about the latest happenings in his company and sector.
The price band for the issue set at Rs 327-332 per share.
Auto component manufacturer Sandhar Technologies initial public offerings (IPO) opens today. The price band is fixed between Rs 327 and Rs 332.
Promoter group's shareholding is likely to reduce to around 70 percent from 83 percent currently post issue.
The automotive component supplier has finalised allotment of 46,30,842 equity shares to 15 anchor investors at a price of Rs 332 per share, the higher end of price band.
The price band of the issue is Rs 1,215-1,240 per equity share with face value of Rs 10 each.
After the issue, promoter's shareholding will be reduced to around 90 percent of the post-offer paid-up equity share capital.
The company aims to raise Rs 33.49 crore at higher end of price band through the issue.
The IPO consists of an offer for sale of 85,92,970 equity shares by parent company HDFC and 1,68,64,585 shares by other promoter Standard Life Investments Limited.
The capital raised via IPO will give bank strength to grow its business, said Chandrashekhar Ghosh, MD and CEO, Bandhan Bank.
The price band of the issue is Rs 370-375 per equity share with face value of Rs 10 each
The bank raised the amount by issuing 3,57,84,147 equity shares to 65 anchor investors at higher end of price band.
Out of total fund raising, the bank already raised Rs 1,342 crore by issuing 3,57,84,147 equity shares to 65 anchor investors at Rs 375 per share.
The offer will close on March 26, 2018 and the anchor investor offer will be opened for subscription on March 21.
The company is the third sea foods exporter that approached Sebi with IPO papers in less than a month. Earlier, Sandhya Marines and Devi Seafoods had filed filed their respective preliminary papers with the market watchdog.
The company intends to raise Rs 438.4 crore through the issue at higher end of price band. The offer will close on March 23.
The country's largest private sector lender is likely to raise approximately Rs 4,200 crore by diluting 24 percent equity stake in ICICI Securities through public offer.
The government will sell a total of 22,451,953 shares of Bharat Dynamics, diluting its stake by about 12 percent.