Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of 10,72,66,532 equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to [...]
The government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country's largest insurer on May 17. However, LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 a piece, [...]
The Supreme Court Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policyholders. A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of [...]
Fertiliser company Paradeep Phosphates Ltd will come out with its initial public offering on May 17 and the price band has been fixed at Rs 39-42 per share. Through the Initial Public Offering (IPO), which will conclude on May 19, the government will be offloadng its entire 19.55 per cent stake in the company. The [...]
The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day. The category meant for Retail Individual Investors (RIIs) received 4.10 times subscription, while the portion for non-institutional investors got subscribed fully and Qualified Institutional [...]
The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening for subscription on Wednesday. The Rs 165.41-crore IPO received bids for 51,67,502 shares against 35,51,914 shares on offer, translating into 1.45 times subscription, according to NSE data till 13:03 hours. The category meant for Retail Individual [...]
Supply chain company Delhivery on Tuesday raised Rs 2,347 crore from anchor investors, ahead of its initial share-sale, which opens for public subscription on Wednesday The company has decided to allocate a total of 4,81,87,860 equity shares to anchor investors at Rs 487 apiece, which is also the upper end of the price band, aggregating [...]
Shares of Rainbow Children's Medicare on Tuesday debuted with a discount of nearly 7 per cent against the issue price of Rs 542. The stock opened at Rs 506, registering a decline of 6.64 per cent from the issue price on the BSE. It further tanked 11 per cent to Rs 482. At the NSE, [...]
Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. The Qualified Institutional Buyers (QIBs) category [...]
Shares of athleisure footwear company Campus Activewear Ltd made a healthy market debut on Monday and jumped nearly 30 per cent against the issue price of Rs 292. The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE. During the day, it zoomed 43 per [...]
