The anchor book will open on November 21, the issue will open for public subscription on November 22, and the case will close on November 24
Investors can bid for a minimum of 460 equity shares and in multiples of 460 equity shares thereafter, it said
The maiden public issue will open for public subscription on November 22 and conclude on November 24. The anchor book of the offer will be opened for a day on November 21
Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund
Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital
Proceeds of the fresh issue will be used for funding capital expenditure to set up manufacturing facilities, payment of loans, and general corporate purposes
Investment giant hopes to rake in handsome returns
Market players say the record number of SME IPOs this year has been fuelled by retail euphoria underpinned by encouraging post-listing performance
In Sebi's parlance, obtaining an observation letter means the regulator's nod to float the public issue
The IPO is an Offer For Sale (OFS) of 2,95,71,390 equity shares by promoters -- Kuldip Singh Rathee and Vijay Rathee
The retail individual investors part received 16.97 times subscription
Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders and the company will not receive any funds from the issue
The demand for Ugandan government bonds maturing in 2033 exceeded the amount on sale by eight fold in an auction on Thursday
Many on the Street had raised concerns over Honasa's valuation and profitability track record
The Rs 490-crore IPO, with a price band of Rs 752-792 per share, will conclude on November 8
Out of the total proceeds from the fresh issue, the company proposes to invest Rs 48.39 crore in the current financial year and Rs 6 crore in FY25 towards the establishment of Unit-III
The price band for the IPO is Rs 752-792 per share. Allotment to anchor investors was done at Rs 792 apiece. At the top-end, Protean is valued at around Rs 3,200 crore
Proceeds of the fresh issue will be utilised to augment the bank's Tier-1 capital base
Old Bridge Capital Management, which received the mutual fund licence in September, has filed papers with Sebi for its first scheme
So far in 2023, 184 firms have gone public in the South Asian nation, more than in any other full year, according to data compiled by Bloomberg