In the RITES IPO, the government is selling 12 per cent stake or 2.52 crore equity shares, including 12 lakh shares to employees.
Half a dozen companies looking to tap the market as stability returns
Issue taken up at recent board meet of UTI MF
The issue received bids for 3,19,59,590 shares against the total issue size of 2,25,75,438 shares, data available with the NSE till 1330 hrs showed
Experienced management will expand offerings such as vehicle finance and drive growth; valuation appears reasonable
According to sources, the company is looking to raise about Rs 55 billion through its IPO, including pre-placement of shares
Saudi Arabia's Tadawul is the only confirmed listing exchange for Saudi Arabian Oil Co., the giant company better known as Aramco, which the kingdom estimates could be worth $2 trillion
The company has a diversified business, from manufacturing and marketing domestic agrochemicals to manufacturing and distribution of seeds
After filing for an IPO, companies are allowed to revise their valuations by up to 20 per cent from initial expectations
The debut show of ICICI Securities is the worst after Coffee Day Enterprises and Reliance Power
Shares of the company will list on the exchanges tomorrow, BSE and NSE said in separate circulars
ICICI Securities IPO closed on March 26. Typically, the allotment process takes five working days
Most-subscribed offerings do well after listing
The government's combined disinvestment target for 2018-19 is Rs 800 billion
5 of 9 stocks trading below their issue price; retail investors give IPOs a miss
Registration with US SEC, or compliance with "Rule 144A" of Securities Act pose hurdles; both issuances barely make it with LIC support
The IPO is valued at 44 times the company's FY17 figure and 38.6 times the annualised operating profit for FY18
After allotting Rs 17.2 billion of shares to anchor investors, the IPO plan was to mop another Rs 23 billion
The price band of the IPO has been kept at Rs 54-56 per share
The offer failed to garner any bid from foreign institutions