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.
Galaxy Surfactants today said it has fixed price band between Rs 1,470 and Rs 1,480 per equity share for its initial public offer (IPO).
The air conditioner manufacturer’s IPO received bids for 1.99 crore shares against an issue size of 49 .27 lakh, data available with the NSE as of 11:50 am showed.
The initial public offer (IPO) of IT firm Newgen Software Technologies was subscribed 8.22 times so far on the last day of bidding today.
The initial public offering of Amber Enterprises, the manufacturer of air-conditioners, was subscribed 3.61 times on the second day of bidding today.
The issue has received bids for 1.34 crore shares against the total issue size of over 1.22 crore scrips, data available with the NSE as of 11 am showed on Thursday.
State-owned Mishra Dhatu Nigam (MIDHANI) has filed preliminary papers with markets regulator SEBI to float an initial public offering.
The initial public offer of IT firm Newgen Software Technologies was subscribed 70 percent on the second day of its listing today.
The company had raised Rs 179 crore from anchor investors yesterday.
Incorporated by the railways ministry, the company provides transport consultancy and engineering services.
Brokerage houses largely recommend subscribing to the issue, citing reasonable valuations as well as that of having a good track record.
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.