Edelweiss Financial Services has been appointed as the lead merchant banker
For long-term investors
Airline mum on offer plans, sources say it will be looking to raise around Rs 1,000-1,200 crore
Edelweiss Financial Services will be lead merchant banker, while AZB & Partners and Nishith Desai Associates will be legal counsel
The company has fixed the price band at Rs 311-321 for the offer, which will close on February 10
Institutional investor-backed issue subscribed 66 times
The Rs 423-crore IPO received bids for 52,86,555 shares against the total issue size of 28,92,063 shares, as per the NSE data till 1200 hrs
Axis Capital, ICICI Securities, IIFL Holdings and YES Securities are acting as book running lead managers to the issue
Founder Kailash and Sanjay Katkar complete their over 20-year-old journey from hardware repair shop to Dalal Street
Wafer-thin margins in an industry with low entry barriers are other discouraging factors
Company has fixed price band of Rs 311-321 per share
Shares of Engineers India closed at Rs 193 apiece on Friday, down 0.52 per cent from the previous close
QIB segment was subscribed 2.6 times, retail portion 1.8 times and HNI portion remained undersubscribed at 0.73 times
Offer will allow Gaja Advisors, ICICI Ventures to partially exit firm, will also raise funds for acquisitions and tech investments
After Sebi's go-ahead, BSE will be able to file its offer document and proceed with listing process
According to sources, Quess Corp can file the Draft Red Herring Prospectus (DRHP) with Sebi in a day or two
Camshafts IPO, open since Wednesday, will be first to list in just six days after closing
The next update would be uploaded on Sebi's website on February 1
Issue proceeds to be used for meeting pharma R&D expenses, clinical trials and other general corporate purposes
Price band for the offer has been fixed at Rs 180-186 per share