While it does not really make any difference for the company itself, it does matter to the promoters and early-stage investors who want to encash the stock market frenzy.
Metro Brands has allotted 82.05 lakh equity shares to anchor investors at Rs 500 apiece, taking the total transaction size to Rs 410.25 crore, according to a BSE circular.
Shriram Properties IPO comprises fresh issuance of equity shares worth Rs 250 crore and an offer for sale of Rs 350 crore. The price band for the offer is Rs 113-118 per share.
RateGain IPO witnessed a positive and robust response from the retail investors and the portion was subscribed 4.86 times (486 per cent). It had fixed a price band of Rs 405-425 a share.
MapMyIndia IPO is entirely an offer for sale (OFS) of up to 10,063,945 equity shares by existing shareholders and promoters. It has allotted 30.19 lakh equity shares to 24 anchor investors at Rs 1,033 apiece.
Investors had bid for 59.19 lakh equity shares against an IPO size of 1.73 crore units. The portion reserved for retail investors had been subscribed 1.87 times.
The issue includes a reservation of equity shares worth Rs 5 crore for the company's employees who will receive those shares at a discount of Rs 78 per share to final issue price.
The Rs 1,335 crore-IPO of the travel and hospitality technology services provider will conclude on December 9. It consists of an offer for sale of Rs 960.74 crore and a fresh issue of Rs 375 crore.
The initial public offering (IPO) will open for public subscription on December 10 and conclude on December 14. The bidding for anchor investors will open on December 9.
Finance Minister Nirmala Sitharaman of the 61 companies which debuted on the bourses until October this year, 34 were small and medium enterprises.
Inox Wind mentioned that the proposed initial public offering would be for equity shares of the subsidiary, Inox Green Energy Services with a face value of Rs 10 each.
A total of Rs 52,759 crore has been raised by 61 companies through initial public offers till October this fiscal, higher than the funds mopped up through this route in the last financial year, the government told the Lok Sabha on Monday.
The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7, according to the company statement.
Anand Rathi Wealth IPO’s price band has been fixed at Rs 530-550 per equity share. The Rs 660-crore IPO, which opened on December 2, is going to close on December 6.
The company is looking to raise Rs 300 crore through the fresh issuance of equity shares. Besides, there will be an offer of sale of equity shares to the tune of Rs 500 crore.
Aether Industries’ operating revenue grew to Rs 450.23 crore in FY21, from Rs 301.87 crore in FY20, and its net profit climbed 75 per cent to Rs 71 crore in FY 21, from Rs 39.6 crore in FY20.
The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing the transaction size at Rs 194 crore, according to a BSE circular.
Raymond Group informed its board approved subsidiary, JK Files & Engineering's IPO comprising an OFS for Rs 800 crore. The IPO will not constitute any fresh issuance of shares.
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.