Reduction in this load and improving cash flows should lead to improvement in interest coverage ratio but probably not in the near term
Bids the came for 5.45 million shares against 36.4 million equity scrips on offer
While institutional business continues to be steady, ramping up retail business could weigh on margins
Poor listing despite strong demand for IPO; experts fear investors may turn away from IPOs amid volatility
The logistics company's 28.6-mn-share offering saw nearly 80 mn bids
The IPO received bids for 7.85 crore shares as compared to 2.86 crore equity scrips on offer
Plans to utilise about Rs 34 crore for debt repayment and Rs 8 crore for financing procurement of infrastructure from the IPO
Proceeds would be used for business expansion, repayment of loans and working capital requirements
At the upper end of the price band, Navkar is valued at 23 times its FY15 earnings, versus 20 times for a diversified revenue model of Gateway Distriparks
Price band for the offer is Rs 61-65
The companies are: Pennar Engineered Building Systems, Shree Pushkar Chemicals & Fertilisers and Navkar Corp
It's the only company in the e-commerce space to stay away from external funding and it is also cash positive
The company files a DRHP today as part of the plan
19 companies have got green light from market regulator Sebi to launch their Initial Public Offers
The issue opens on Aug 25 and closes on Aug 27
Sebi doesn't disclose the nature or details of the clarification it asks on IPOs
Sebi issued its final observations on the draft offer documents on August 14
Analysts say it is a normal exercise for a company to indulge in branding exercise before it goes for a public offering