February 11, 2020 04:26 PM IST The offer for sale includes up to 3,72,93,371 equity shares by SBI and up to 9,32,33,427 equity shares by CA Rover Holdings.
February 05, 2020 06:12 PM IST The Rs 1,400-crore public issue was subscribed 62 percent despite extending the subscription period twice since its opening, and reducing the price band to Rs 71-77, down from Rs 72-77 earlier.
February 03, 2020 07:46 PM IST After the issue, government shareholding in the company will reduce to 74.96 percent from 90 percent.
January 31, 2020 03:23 PM IST The issue has received bids for 9.8 crore equity shares against offer size of 18.18 crore shares, the exchange data showed.
January 29, 2020 09:21 PM IST The Rs 1,400-crore further public offer (FPO) has received bids for 8.86 crore equity shares against offer size of 18.18 crore shares, as per data available on the NSE.
January 28, 2020 06:49 PM IST The reserved category for retail investors has seen subscription of 92 percent and that of qualified institutional buyers 49 percent and non-institutional investors 16 percent.
January 28, 2020 04:36 PM IST The company, in consultation with merchant bankers, extended the closing date for FPO by three more days.
January 28, 2020 08:52 AM IST The government's shareholding will be reduced to 74.96 percent, from 90 percent currently after the issue.
January 22, 2020 07:43 PM IST The funds raised through FPO would be utilised for funding its working capital requirements as well as repayment of existing debt.
January 20, 2020 03:36 PM IST The company in its BSE filing on January 19 said the meeting of the board of directors of the company is scheduled on January 22 to consider and approve price band for FPO.
December 20, 2019 11:09 AM IST Promoters will reduced their stake by selling shares through an offer for sale and intend to use the IPO proceeds towards repayment of outstanding bonds issued by Express Infra Projects
December 19, 2019 07:06 PM IST SBI, LIC, Punjab National Bank and Bank of Baroda each hold 18.5 percent stake in the UTI AMC. The remaining stake is held by US company T Rowe Price.
December 19, 2019 01:03 PM IST Hem Securities has come out with its report on Prince Pipes and Fittings. The research firm has recommended to "Subscribe'' the IPO in its research report as on December 17, 2019
December 19, 2019 01:02 PM IST Geojit has come out with its report on Prince Pipes and Fittings. The research firm has recommended to "Subscribe'' the IPO in its research report as on December 17, 2019
December 19, 2019 01:02 PM IST Choice Equity Broking has come out with its report on Prince Pipes and Fittings. The research firm has recommended to "Subscribe'' the IPO in its research report as on December 18, 2019
December 19, 2019 01:02 PM IST Anand Rathi has come out with its report on Prince Pipes and Fittings. The research firm has recommended to "Subscribe'' the IPO in its research report as on December 17, 2019
December 19, 2019 12:42 PM IST Choice Broking feels on valuation front, based on the higher price band, Prince Pipes is demanding a P/E multiple of 23.5x (to its restated FY19 EPS of Rs 7.6), which is at a marginal discount to peer average of 25.7x.
December 19, 2019 11:56 AM IST The business channel learnt from sources that SBI, LIC and BoB may sell maximum 1.05 crore shares each while Punjab National Bank and T Rowe Price may sold 38 lakh shares each through the issue.
December 18, 2019 06:44 PM IST Sources told Moneycontrol that the company aims to raise around Rs 700 crore through the share sale.
December 18, 2019 12:07 PM IST The leading polymer pipes and fittings manufacturer has already garnered Rs 150 crore from anchor investors on December 17, ahead of its initial public offering.
December 18, 2019 11:10 AM IST SBI Oman, Aditya Birla MF, SBI Life Insurance, HDFC Life Insurance etc participated in the anchor investor bidding.
December 18, 2019 08:47 AM IST According to Motilal Oswal, investors can subscribe the IPO from a listing gains perspective.
December 17, 2019 09:08 AM IST The issue consists of fresh issue of Rs 250 crore and offer for sale of Rs 250 crore.
December 16, 2019 07:06 PM IST The IPO comprises a fresh issue aggregating up to Rs 550 crore and an offer for sale of up to 8 crore equity shares by Equitas Holdings.
December 13, 2019 01:25 PM IST The company, after consultation with merchant bankers, decided a minimum bid lot of 84 equity shares and in multiples of 84 shares thereafter.
