 "IPO")
JSW Infrastructure IPO subscribed 43 per cent on day 1
The initial public offering (IPO) of JSW Infrastructure was subscribed to 43 per cent on Monday, the first day of the issue.
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The institutional portion was subscribed to 3 per cent, the high net worth individual portion was subscribed to 60 per cent, and the retail investor portion was subscribed 1.4 times.
Last week, the company had allotted shares worth Rs 1,260 crore to anchor investors. JSW Infra had priced its IPO between Rs 113 to 119 per share. The IPO concludes on Wednesday.
JSW Infrastructure is a port infrastructure company that provides cargo handling, storage solutions, logistics services and other value-added services.
SME stocks to come under additional surveillance
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The Securities and Exchange Board of India (Sebi) along with the stock exchanges NSE and BSE on Monday extended the short-term Additional Surveillance Measures (ST-ASM) framework and trade for trade (TFT) framework to the small and medium enterprises (SME) stocks.
At present, the ST-ASM framework is applicable only on the stocks on the mainboard. These frameworks are in the interest of investors and implemented based on price and market movements. Both the frameworks will be effective October 3 on SMEs.
"The shortlisting of securities under ST-ASM is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company, " NSE said in its circular.
Updater Services IPO subscribed 6 per cent on day 1
The IPO of Updater Services was subscribed 6 per cent on Monday, the first day of the issue.
The institutional portion remained unsubscribed, the high net-worth individual portion was subscribed 1 per cent, and the retail investor portion was subscribed 29 per cent. On Saturday, the company raised Rs 288 crore from anchor investors.
The IPO concludes on Wednesday. Updater Services has priced its IPO between Rs 280 to Rs 300 per share. The Rs 640 crore IPO comprises a fresh issue of Rs 400 crore and an offer for sale of Rs 240 crore.
RDCEL files draft papers
B2B re-commerce player Rockingdeals Circular Economy Ltd (RDCEL) on Monday said it has filed draft papers to raise funds through an initial public offering (IPO). The shares of the company will be listed on the NSE Emerge, the company said.
The IPO comprises a fresh issue of equity shares of up to 1.5 million equity shares with a face value Rs 10 each via the book-building process.
The IPO comprises a fresh issue of equity shares of up to 1.5 million equity shares with a face value Rs 10 each via the book-building process.
