While he declined to share the revenue details, Goel said the company intends to release the half-yearly financial details from the October quarter as the company is looking at becoming a public company.
What one has to keep in mind when it comes to IPOs are the valuations at which they take place.
The unit, which makes electronic devices, cloud service equipment and industrial robots, plans to issue up to 1.97 billion A-shares, or 10 percent of its enlarged issued share capital, at a price to be determined, the preliminary prospectus showed.
The IPO comprises fresh issuance of shares worth Rs 450 crore besides an offer for sale of up to 30 lakh equity stocks by existing shareholder Kanubhai M Patel Trust, as per the draft papers.
The category set aside for qualified institutional buyers (QIBs) was subscribed 1.80 times, non institutional investors 3 per cent and retail investors 34 per cent.
The company's IPO committee has finalised allocation of up to 48,69,600 equity shares of face value of Rs 10 for cash at a price band of Rs 151–160 per share.
Ajcon Global has come out with its report on Indostar Capital Finance. The research firm has recommended to "Subscribe " the IPO in its research report as on May 8, 2018.
The general insurance company is a subsidiary of State Bank of India. SBI's life insurance arm was listed in FY18
ICICI Direct has come out with its report on Indostar Capital Finance Ltd. The research firm has recommended to "Avoid" the IPO in its research report as on May 8, 2018.
Women's apparel maker TCNS Clothing Company has received markets regulator SEBI's go-ahead to float an initial public offering.
Aditya Birla Money has come out with its report on Indostar Capital Finance. The research firm has recommended to "Subscribe " the IPO in its research report as on May 7, 2018.
Choice Equity Broking has come out with its report on Indostar Capital Finance Ltd. The research firm has recommended to "Avoid" the IPO in its research report as on May 4, 2018.
SEBI said in a status report that it has sent a letter to lead manager Kotak Mahindra Bank that proceedings have been kept in abeyance for examination of past violations.
The announcement came as the company posted revenue of 114.62 billion yuan (USD 18 billion) in 2017, up 67.5 percent against 2016. It also said it made a net loss of 43.89 billion yuan versus a profit of 491.6 million yuan in 2016.
The NBFC plans to raise fresh capital worth Rs 700 crore and the rest of the money would be raised through sale of 20 million shares by its existing promoter and other shareholders
Out of 41 companies that made their debut in the past fiscal, 27 are trading above their issue prices fixed after their IPOs. The remaining 14 firms have failed to attract investors.
Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, calls FY18 a watershed year for the bank given the positive investor response to its IPO and improvement in asset quality, growth and profitability in each quarter.
Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to be spun out and listed on Indian stock exchanges within the next two weeks, said two bankers familiar with the company's plans.
Mumbai-based Lodha Developers has revived its plans to launch an initial public offer (IPO) and will soon file draft red herring prospectus (DRHP) with Sebi.
AnandRathi Private Wealth Management has hired ICICI Securities to manage its public offering and has hired AZB Partners as their legal advisors.
The company is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.
Company had filed IPO papers with Sebi in February and obtained its 'observations' on April 12.
"You can also go to the capital market without (an IPO). You can refinance yourself by issuing a bond."
The company had filed IPO papers with Securities and Exchange Board of India (Sebi) in January and received "observations" from the regulator on April 3, as per the latest update with the markets watchdog.
A total of 67,593,245 equity shares have been allotted at an offer price price of Rs 520 apiece, the upper end of the price band, aggregating to Rs 3,514.85 crore, ICICI Securities said.