The road ministry and the NHAI have finalised the proposal after some investors approached them to allow them a board seat on the SPV concerned
The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher
The initial public offering (IPO) comprises fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise.
The wholly-owned subsidiary of Glenmark Pharma is issuing Rs 1,060 cr fresh equity and offer for sale of 6.3 million shares worth Rs 453.6 crore
Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion
Gaming firm Nazara Technologies on Tuesday said it has mopped up a little over Rs 261 crore from from anchor investors ahead of its initial public offer, which opens for subscription on Wednesday
LIC, SBI asked to chip in to meet demand shortfall, says sources
The price band for the FPO is Rs 12 to Rs 13 per share; shares allotted to anchor investors are at the lower end of the price band
The investors include Massachusetts Institute of Technology, Vantage Equity Fund and 238 Plan Associates
The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.
The base issue size is of Rs 10,000 crore with a greenshoe option to retain a portion of the oversubscription
Singapore govt, CX Partners are key anchor investors
Sources said anchor investors placed bids for units worth Rs 20,000 crore against Rs 2,400 crore on offer
Anchor or cornerstone investors are institutional investors, such as mutual funds