Plans organic expansion after unsuccessful attempts to acquire Fortis, Medanta hospitals
In the next few quarters, at least two other MFIs, Arohan and Muthoot Microfin are planning for an IPO
In the IPO, promoters Shapoorji Pallonji Company and Khurshed Yazdi Daruval had put on the block shares worth Rs 2,083 crore and Rs 1,042 crore, respectively
The successful listing follows huge demand for the Microsoft-backed firm's IPO, which was subscribed 87 times.
The 9.8-million share offering received bids for only 10.3 million - 84 per cent of which came from qualified institutional buyers
At least two other MFIs are planning an IPO soon - Arohan and Muthoot Finance
SWSL is promoted by the Shapoorji Pallonji Group and is the demerged Solar EPC Division of Sterling and Wilson (SWPL).
Shapoorji Pallonji & Company holds a 66% stake in SWS while the rest is held by Khurshed Yazdi Daruvala
The 3.4-million share offering saw bids for 292 million shares
The company proposes to utilise the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements
Analysts attribute the tepid H1CY19 to the overall market sentiment, especially the mid-and small-cap segment that underperformed the frontline benchmarks
The price band of the IPO, which is entirely an offer for sale (OFS), has been fixed at Rs 970 to Rs 973 per share.
The company has priced its IPO between Rs 970 and Rs 973 per share. The offer will close on June 26.
Axis Capital, Edelweiss Financial Services, SBI Capital Markets and IIFL Holdings are the book running lead managers to the issue and Link Intime is the registrar
The proposed IPO consists of a fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore by company's promoter PR Cement Holdings Limited
Airtel Africa, which offers telecom services in 14 countries in Africa, plans to use the proceeds from issue of new shares to reduce debt
The IPO comprises of equity shares of face value of Rs 10 each aggregating up to Rs 1,000 crore comprising a fresh issue aggregating up to Rs 500 crore and an offer for sale up to Rs 500 crore
Wealthy clients want a piece of Uber, Pinterest and Airbnb, which are set to make their market debut
At the higher end of the issue price of Rs 215 a share, the stock is valued at nearly 20.1x FY18 EV/EBITDA and nearly 47.8x P/E
A key difference between Pinterest and Lyft, however, were their valuation expectations