Last month, housing finance firm Aavas Financiers' Rs 17-billion IPO had managed to garner only 97 per cent subscriptions
Neccon Power's initial issue will see a sale of up to 1,27,00,000 and Narmada Bio-chem will offer 72,00,000 equity shares according to the draft red herring prospectus
Garden Reach is a shipbuilding company under the administrative control of the Defence Ministry
Shares of the company are proposed to be listed on BSE and NSE
Garden Reach also extended the subscription offer till Oct 1
The IPO comes amid choppy markets, which have been on a downward spiral over the past few trading sessions on the back of liquidity concerns regarding non-bank finance companies (NBFCs).
While the Street is worried about margin pressure amid high cost of funds, Aavas will be less impacted than its peers, thanks to the strong asset-liability management
The initial public offer (IPO) is expected to fetch Rs 4.5 billion
The total share sale is valued at Rs 17.3 billion at the top end of the price band
Ircon's IPO is the second by a government-owned entity this financial year
Price band is Rs 470-475 in only second PSU offer this fiscal; Centre to offload 10% stake
The company said it expects to achieve the benefit of listing its equity shares on the stock exchange
Institutional investor portion subscribed five times, wealthy and retail investor remain unsubscribed
Shares were allotted at the top-end of the IPO price band of Rs 422 per share
CreditAccess Grameen is hoping to raise about Rs 11.3 billion through its IPO
DSP may look to offload 15-20 per cent stake through the IPO and sell another 25-35 per cent stake to its new partner
At the top-end of the price band, CreditAccess will have post-issue market capitalisation of Rs 60.4 billion
In Greater China, despite a decline in IPO activity, China's Shanghai (SSE) exchange hosted one of this year's largest IPOs globally
Leveraged bets worth over Rs 700 bn riding on the IPO; break up cost at Rs 1,500 versus issue price of Rs 1,100
Huge demand from Institutions, HNIs with reservations subscribed 192 times and 195 times, respectively; retail portion sold seven times over