It is a fresh issue of equity shares aggregating up to Rs 300 cr and offer for sale of up to 5.12 mn shares by GTI Capital Beta
Company will not allocate any capital to these non-coffee businesses for the next five years
Parent firm, Larsen & Toubro, is eyeing valuations of between Rs 16,000 cr and Rs 18,000 cr for L&T Infotech
Firm to raise at least Rs 400 cr to fund expansion in domestic and international markets
It's not only the secondary market; funds flex muscle in primary market as well
Firm's IPO had managed to sail through after lowering price band to Rs 115-126 from Rs 140-147 a share
Going forward, the company plans to expand its user base via continuous investments in its mobile platform and increasing its service offerings
Promoters, other shareholders to sell 11.6 mn shares amounting to 14.1% stake; offer price yet to be decided
Consumption-driven sectors dominate line, with telecom, IT and health care also featuring; partly a result of years of PE investment backing
Reshuffles corporate finance division to ensure smoothening of the process; average time to clear offer documents this year has been 70 days
IPO comprises fresh issue of shares worth Rs 150 cr and an offer for sale of up to 32.2 lakh shares by existing shareholders
Invest only if the company is raising money to grow its business
Currently, only a handful of medical devices firms are listed in the Indian stock market
Weak demand forced firm to trim issue size, price; question mark over further issuance in the short term
The 41.2-million offering got bids for 17.2 million shares, according to data provided by stock exchanges
Experts say big IPOs demand may not get hit as much, but valuations certainly will
Institutional investor category subscribed 3.1 times.
The IPO, which was supposed to close on Tuesday, received just 28% subscription
Regulator says it may issue observations on draft offer documents within 30 days, after reply from merchant bankers