The company had filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in August 2022 to raise funds through an initial public offering (IPO).
Naseem Shaikh, Chairman and Managing Director of the company, said that the net proceeds from the IPO will be utilised to meet working capital requirements and for general corporate purposes.
The two companies, which filed their preliminary IPO papers with Sebi during August and September 2022, obtained the observation letters on January 23, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
Adani Enterprises shares rebounded after a sharp correction, gaining 2.8 percent to hit Rs 2,974 on the NSE.
The flagship company of Adani Group plans to use issue proceeds for some green hydrogen projects, improving airport facilities and building expressways
Both Sensex and Nifty have declined 2 percent each in January so far. Major equity markets started gaining since the start of this year.
Investors can bid for a minimum of four shares and in multiples of four shares thereafter. The offer closes on January 31
The firm said it has received Rs 2,992.4 crore from anchor investors ahead of its follow-on public offer (FPO) opening for the public, which is half of the amount of the total anchor book launched. The remaining amount will be payable by anchor investors later in one or more subsequent calls.
PayMate India was asked by the Securities and Exchange Board of India (Sebi) to refile the documents for the Initial Public Offering (IPO) with certain updates.
PayMate India had filed the Draft Red Herring Prospectus (DRHP) for a Rs 1,500 crore-IPO with the Securities and Exchange Board of India (Sebi) in May 2022.
In 2018, Shilpa Shetty had acquired 16 lakh shares of Mamaearth at Rs 41.86 apiece, which amounts to 0.52 percent stake in the company. At a market capitalisation of Rs 10,685 crore, her investment will be worth Rs 55.5 crore
Adani Group CFO Jugeshinder Singh has informed that at least five units will be ready to go to the market in the next three to five years.
Rashi Peripherals may also consider raising Rs 150 crore through private placement. If the company raises funds in a pre-IPO placement, the issue size will be reduced accordingly
Pharmaceutical company Innova Captab's public issue comprises a fresh issue of Rs 400 crore and an offer for sale of 96 lakh equity shares by promoters.
The bulk packaging solutions provider raised Rs 66.30 crore by issuing 1.02 crore shares via the public issue.
Sah Polymers offers customised bulk packaging solutions to companies catering to several industries including agro pesticides, cement, chemical, fertilizer, food products, ceramic, and steel.
Sah Polymers | Shares of the company were trading at a 10-15% premium over the issue price in the grey market, analysts have said
The wholly-owned subsidiary of IT services company Cyient Is a supplier to global original equipment manufacturers in aerospace and defence, medical technology and industrial sectors
Sah Polymers will make its grand debut on the BSE and NSE on January 12. This would be the second listing since the beginning of New Year 2023, after Radiant Cash Management Services which had started the year on a strong note despite tepid IPO subscription and market correction.
Tata Technologies is one of the blue-chip stocks in the unlisted space, which investors seem to prefer over the new-age and loss-making businesses
The IPO consists of a fresh issue of Rs 202.50 crore and an offer for sale of upto 5.70 million shares by its existing shareholders and promoters.
Radiant Cash Management Services opened higher at Rs 103 against the issue price of Rs 94.
Sah Polymers IPO | The customised bulk packaging solutions provider launched its Rs 66.3-crore public issue for subscription on December 30, with a price band of Rs 61-65 per share.
Much lower-than-expected response to its IPO caused the maximum pain to the listing performance, though equity market volatility can be another reason.
Sky-high valuation, exorbitant advertising spends, and inconsistent profit have caught the attention of netizens