The anchor investors bidding will start on 9 December. The firm will start crediting shares on 21 December and the stock will be listed on exchanges on 22 December.
The two companies filed their preliminary IPO papers with the capital markets regulator between August and September.
According to sources, the company will soon file an updated DRHP and is looking to hit the capital market with its IPO by end of this month. As per the DRHP, the public issue comprises fresh issue of equity shares worth up to Rs 750 crore and an offer-for- sale (OFS) of up to Rs 250 crore.
The company aims to raise Rs 251.15 crore through the offer at the upper price band. The issue comprises a fresh issue of shares worth Rs 216 crore and a sale of 14.83 lakh shares by promoters.
The Rs 881-crore public issue was subscribed 26.67 times during the November 3-7 period
The IPO was subscribed 9.58 times during November 3-7
The issue, which hit the market during November 2-4, was subscribed 2.95 times
Archean Chemicals Industries Ltd, Five Star Business Finance Ltd, Kaynes Technology India and Inox Green Energy Services will be out next week. More IPOs are lined up for mid-November
Its shares have dropped 35% in the grey market from their peak of Rs 730 a share in October 2021. Five Star Business is not the only one to set the IPO band lower than the unlisted market price.
The south-based lender has cut its IPO size to Rs 1,960 crore from Rs 2,752 crore earlier planned. The issue will be a pure offer for sale
Between October 20 and 28, FIIs bought $923 million in equities, according to data from NSDL. Provisional data from the National Stock Exchange showed that on October 31, foreign investors bought around Rs 4,178.61 crore in Indian equities.
Bengaluru-based DCX Systems Ltd, cardiologist Dr Naresh Trehan-promoted Global Health Ltd, Bikaji Foods International Ltd and Fusion Micro Finance Ltd are looking to raise funds in the primary market
The IPO, which will close on November 4, consists of a fresh issue of Rs 600 crore and an offer for sale of up to 13.70 million shares
The lender may consider issue of securities aggregating up to Rs 100 crore in a pre-IPO placement round.
The IPO, which will close on November 7, consists of a fresh issue of Rs 500 crore and an offer for sale of up to 50.76 million shares by shareholders and promoters
The funding winter confronting startups this year owing to surging global interest rates, the capitulation of technology stocks amid fears of a recession in the West and increasing investor dislike for loss-making, cash-burning companies has hit the online pharmacy giant hard.
The firm said the basis of allotment of shares will take place on November 7 and credit of equity shares to the depository is slated to be held on November 10. The scrip will be listed on November 11 on exchanges.
Both the firms did not mention any reason for pulling the plans.
The underperformers were mainly new-age companies that had weak cash flows or those that were priced aggressively, according to one analyst.
In 2015, Shanghvi bought a 23 percent stake in Suzlon for Rs 18 billion (Rs 1,800 crore), helping the company to return to profitability after it became India’s largest convertible-bond defaulter in 2012.
The IPO of the Bengaluru-based analytics firm is an offer for sale (OFS) of up to 38.67 million shares by shareholders and promoters. At the upper end of the price band, the firm will raise around Rs 310 crore
The IPO of the Bengaluru-based analytics firm is an offer for sale of up to 38.67 million shares by shareholders and promoters
Lohia Corp is one of the leading manufacturers globally of machinery and equipment used in the production of technical textile, particularly for manufacturing polypropylene and high density polyethylene woven fabric and sacks (raffia).
The IPO will be a pure offer for sale of upto Rs 750 crore by its existing shareholders and promoters. The OFS comprises of upto Rs 525 crore by Sanjay Bharatkumar Jaiswal and Rs 225 crore by Ashima Sanjay Jaiswal.
IPO will open for subscription on 4 October and close on 7 October. Anchor investors can bid on 3 October. The basis of allotment will be on 12 October and credit of shares on 14 October. The shares will be listed on bourses on 17 October.