Tuesday was the last day of bidding
Auto component maker Craftsman Automation's initial public offer was subscribed 1.26 times on Tuesday
The price band of the offer has been fixed at Rs 86 to Rs 87 per equity share
The IPO comprises issuance of fresh equity up to Rs 800 crore and an offer for sale worth Rs 375 crore
At the closing price, MTAR had a market capitalisation of Rs 3,317 crore. The strong listing follows a blockbuster initial public offering (IPO), where demand had exceeded supply by 200 times
The company's performance was impacted significantly during fiscal 2018-19 and in the nine months of the current fiscal (9MFY21) due to natural calamities in the South India and Covid-19 pandemic
The initial public offer of auto component maker Craftsman Automation received 55 per cent subscription on the first day of bidding on Monday.
The firm is in the speciality chemicals space
A city-based entrepreneur is mulling to list his startup venture on the London Stock Exchange
The move will enable fast and seamless payment mandates for IPO applications
The company has fixed the price band for the issue at Rs 129-130 per share. The IPO will close on March 17
Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors
Craftsman Automation, Laxmi Organics Industries, Suryoday Small Finance Bank, Kalyan Jewellers India, Nazara Technologies are the five companies to launch their IPOs
The IPO consists of a fresh issue of Rs 250 crore and an offer for sale (OFS) of up to Rs 350 crore by existing shareholders
The wealthy investor portion was subscribed 9 per cent, with the retail investor portion subscribed 2.5x the number of equities allotted to them
The initial public offer of speciality chemicals company Anupam Rasayan India Limited was subscribed 1.29 times on the first day of subscription on Friday
While most analysts have assigned a Subscribe rating to the IPO, they have also flagged valuations concerns
Promoter TS Kalyanaraman is selling shares worth Rs 125 crore and Warburg Pincus is selling shares worth Rs 250 crore in the IPO
Capital market regulator Sebi has formed a group of experts to examine the feasibility of introducing Special Purpose Acquisition Companies (SPACs)
Speciality chemical company Anupam Rasayan on Wednesday raised Rs 225 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Friday.