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 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 government will sell a total of 22,451,953 shares of Bharat Dynamics, diluting its stake by about 12 percent.
State-owned Bharat Dynamics will open its initial public offering (IPO) for subscription today with a price band of Rs 413 to 428 per share.
Post completion of the offer, promoter's shareholding will be reduced to 87.75 percent of the post offer paid-up equity share capital.
The initial public offer of H G Infra Engineering was subscribed 44 percent on the second day of bidding on Tuesday.
The IPO consists of a fresh issue of shares aggregating up to Rs 300 crore and an offer for sale of up to 60 lakh scrips by the existing shareholders.
The IPO committee has finalised allocation of 51,33,150 equity shares to as many as 11 anchor investors at Rs 270 apiece, also the upper price band for the offer, the company informed the stock exchanges.
Proceeds of the fresh issue would be used towards repayment of debt, purchase of medical equipment, and for general corporate purposes.
In an interview with CNBC-TV18, Azad Moopen, Chairman of Aster DM Healthcare spoke about the latest happenings in his company and sector.
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.
"The shares will be listed on BSE SME Exchange," the company said in a statement.
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.
Going forward they expect to grow both in the speciality ingredients and performance products, said U Shekhar, Founder and Managing Director, Galaxy Surfactants.