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.
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.