To take advantage of scarcity premium, apply in IPO
Promoter BSE to offer 26% stake to comply with Sebi requirements
Reliance Capital to dilute 10% stake
Its valuation is expected to be over Rs 6,000 cron an average multiple of around five times
This will enable it to mobilise funds for the clean energy sector
The price band for the offering is fixed at Rs 250-257 per share
The bank said that the IPO size and other details of the offer would be determined in due course
Bankers say NSE could raise as much as $1 billion from the proposed IPO
The company is planning to raise Rs 130 cr through primary offering
Last year, 26 companies collectively raising over Rs 26,000 crore trough their respective IPOs
Sources say the proposed IPO is expected to be launched in two weeks
Investment bankers say many investors expecting strong listing gains
The IPO to raise Rs 211 crore received bids for 475,43,370 shares
It'll become the second infrastructure investment trust to list in the country after IRB InvIT Fund
Begins discussion with bankers; issue size might be Rs 3,500-4,500 cr
Institutional investors category was oversubscribed 10.81 times and other investors 5.89 times
Godrej Agrovet's listing would help to unlock companies value
Small size, higher expenses deter share sale managers from bidding at Rs 1 fee
The entities did not disclose the financial liabilities in the IPO documents
It scrapped the idea of the IPO the first time due to adverse market condition