IPO comprises fresh issue of shares worth Rs 150 cr and an offer for sale of up to 32.2 lakh shares by existing shareholders
Invest only if the company is raising money to grow its business
Currently, only a handful of medical devices firms are listed in the Indian stock market
Weak demand forced firm to trim issue size, price; question mark over further issuance in the short term
The 41.2-million offering got bids for 17.2 million shares, according to data provided by stock exchanges
Experts say big IPOs demand may not get hit as much, but valuations certainly will
Institutional investor category subscribed 3.1 times.
The IPO, which was supposed to close on Tuesday, received just 28% subscription
Regulator says it may issue observations on draft offer documents within 30 days, after reply from merchant bankers
Reduction in this load and improving cash flows should lead to improvement in interest coverage ratio but probably not in the near term
Bids the came for 5.45 million shares against 36.4 million equity scrips on offer
While institutional business continues to be steady, ramping up retail business could weigh on margins
Poor listing despite strong demand for IPO; experts fear investors may turn away from IPOs amid volatility
The logistics company's 28.6-mn-share offering saw nearly 80 mn bids
The IPO received bids for 7.85 crore shares as compared to 2.86 crore equity scrips on offer
Plans to utilise about Rs 34 crore for debt repayment and Rs 8 crore for financing procurement of infrastructure from the IPO
Proceeds would be used for business expansion, repayment of loans and working capital requirements
At the upper end of the price band, Navkar is valued at 23 times its FY15 earnings, versus 20 times for a diversified revenue model of Gateway Distriparks
Price band for the offer is Rs 61-65