The company’s annual report highlights the regulatory developments in many of the African nations it operates in.
The IPO is of 1,57,14,038 shares, including anchor portion of 47,14,210 shares.
The IPO by TCNS opened on the 18th of July and closes on July 20th, and is a pure offer for sale by existing shareholders.
HDFC Chairman, Deepak Parekh wants to grow Ergo General Insurance a little more before taking it public.
The HDFC chairman said that emerging markets, including India, have faced the effects of a strengthening dollar, rising US interest rates, and higher oil prices
ICICI Direct has come out with its report on TCNS Clothing Co. The research firm has recommended to "Subscribe" the IPO in its research report as on July 17, 2018.
At 46.6 times trailing twelve month earnings, the stock seems fully priced, notwithstanding the fact that it is still valued at a discount to the industry average.
The company is planning to use the cash to fund its inorganic growth initiatives, repay part of its debt and to meet its working capital requirements.
TCNS Clothing has allotted 47,14,210 equity shares to 18 anchor investors at Rs 716 per scrip, garnering Rs 337.54 crore, according to a regulatory filing.
Hem Securities has come out with its report on TCNS Clothing Co. The research firm has recommended to "Subscribe" the IPO in its research report as on July 17, 2018.
The unit is mainly involved in car rental and maintenance services and also provides drivers with optimised gas station deals, the people said, adding Didi is currently valuing the unit at between $2 billion and $3 billion.
PN Gadgil & Sons' public issue will see sale of shares to the tune of Rs 500 crore, as per the IPO papers.
Prabhudas Lilladher has come out with its report on TCNS Clothing Co. The research firm has recommended to "Subscribe" the IPO in its research report as on July 13, 2018.
The IPO comprises fresh issue of shares worth Rs 90 crore, besides an offer for sale of up to 55 lakh equity shares by Affle Holdings, according to draft papers filed with Securities and Exchange Board of India (Sebi).
Reviving its IPO plan after eight years, the company had in April filed the draft red herring prospectus (DRHP) with the Sebi seeking approval to float an initial share-sale.
IRCON had filed papers with the Securities and Exchange Board of India (Sebi) for the IPO, through which the government will divest 10 per cent stake or over 99 lakh shares. "Sebi gave its nod for IRCON IPO on July 13," an official told PTI.
The first among the lot would be TCNS Clothing, which sells its products under W, Aurelia and Wishful brands, that will launch its Rs 1,125-crore initial share-sale this week.
Further analysing the data, the paper suggests that it would be safe for those ICOs that manage to list on the exchanges after the token launch.
The company, which had filed preliminary papers with Sebi in April seeking approval to float an initial share-sale, got the regulator's "observations" on July 6, as per the latest update with the markets watchdog.
The outlook appears to be bullish for the remaining part of 2018.
SEBI is likely to penalise ICICI Pru AMC for bailing out ICICI Securities IPO.
Since its inception, it has raised nearly USD 257.6 million funding, with major fundings coming from Carlyle and Tiger Global in 2017 and another USD 30 million from Fosun Group.
Xiaomi priced its share offering at HK$17 per share ($2.17), the bottom of a price range of HK$17 to HK$22, according to IFR. The company planned to sell 2.18 billion shares.
Sebi's observations are necessary for any company to launch public issues like rights issue, initial public offer (IPO) and follow-on public offer (FPO).
The IPO comprises fresh issue of shares worth Rs 810 crore, besides, an offer for sale up to 18,59,620 equity shares by the company's promoters and existing shareholders, according to the draft papers with the Securities and Exchange Board of India (Sebi).