The 36.42-million offering got less than 50 million bids with retail and employee portions of the issue remaining undersubscribed at 40 per cent and 17 per cent, respectively
Most of the bids so far have come from qualified institutional buyers (QIB)
Rally surprised Street as most were expecting subdued listing due to the fresh turbulence in restaurant sector caused by the lockdown imposed in Maharashtra to contain Covid-19 spread
A day earlier, the company allotted shares worth Rs 740 crore to anchor investors
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors, ahead of its initial public offer (IPO) that will hit the capital market on Wednesday.
The company allotted 15.2 million shares to 14 investors at Rs 486 apiece
Bengaluru-based Shriram Properties may file a draft document this week with market regulator Sebi for its proposed initial public offer (IPO) to raise up to Rs 800 crore, according to sources.
Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets
Specialty chemical manufacturing company Tatva Chintan Pharma Chem has filed preliminary papers with capital markets watchdog Sebi
The IPO comprises fresh issuance of equity shares worth Rs 2,500 crore
According to merchant banking sources, the IPO is expected to fetch Rs 1,100 crore
Market players said the spate of recent weak listings forced high networth individuals (HNIs) to take gains at the table
30 firms raised Rs 31,277 cr through IPOs in 2020-21, significantly higher than Rs 20,352 cr mopped up through 13 initial share sales in the preceding fiscal year
GoAir's IPO plan has been in the making for several years - this is reportedly the sixth such plan - but the pandemic has made it an imperative after the airline's bankers refused it further loan
Investors bid for nearly 30 million shares as against only 5 million on the offer
The no-frills airline has been working on expansion plans and an Initial Public Offer (IPO) will help in raising funds
The Rs 453-crore issue received bids for 98,75,790 shares against 49,99,609 shares on offer, as per NSE data
The firm is a leading manufacturer of acetyl intermediates and specialty intermediates
The calendar year 2021 has been a busy one for the primary markets with 17 mainboard issues already having hit the Street