The wealthy investor portion was subscribed 0.16x, and the retail investor portion was subscribed 1.46x
The firm is a manufacturer of specialised chemical products
The institutional investor section was subscribed 0.83x, the high networth individuals (HNI) portion was subscribed 1.22x
The initial public offer is of up to over 1.82 crore shares and is in the price range of Rs 1,229-1,230 per share
The public issue will close on September 24
Increase in direct market participation has bolstered critical benchmarks in recent times; key financials don't offer comfort
The Rs 600-crore IPO of Route Mobile was subscribed 75x
CAMS has priced its IPO in the range of Rs 1,229-1,230 per share
Chemcon Speciality is the only manufacturer of HMDS in India & 3rd largest worldwide. Besides, it is the largest player of CMIC in India. Both these chemicals are predominantly used in pharma sector
As of June 2020, CAMS services four out of five largest AMCs - HDFC MF, ICICI Prudential MF, SBI MF, and Aditya Birla Sun Life MF.
Angel Broking will be looking to ride the boom in broking industry seen this financial year
At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50% since March
A bunch of firms -- ranging from a drugmaker to a jeweler -- will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest in 4 years
Hopes of bumper listing, success of last offering seen driving subscriptions of Happiest Minds & Route Mobile
Happiest Minds, which gets almost all of its revenue from digital services, is one of two IPOs this week to woo Indian investors
Govt to pitch for amendments in the LIC Act in the Monsoon session starting September 14
Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital
The net proceeds of the offer will be utilised to meet the long term working capital requirement of the company.
The management said the fundraising will be used to meet immediate working capital requirements while the cash balance in the balance sheet will be kept aside for strategic initiatives
Despite supportive markets, August saw no new offerings