Sadbhav Infra, UFO Moviez India to raise Rs 600 cr and Rs 750 cr respectively
Sebi sets minimum investment size of Rs 10 lakh; minimum trading lot set at Rs 5 lakh
Although according to the prospectus, company plans to raise 2 billion rupees
The over Rs 700 crore IPO received bids for over 22,90,31,505 shares as against the issue size of 2,32,01,121 shares
Inox Wind IPO trading at a premium of Rs 70 per share
The lukewarm response was despite the Manmohan Shetty-promoted company cutting the IPO price by as much as 20%
The price band is between Rs 180 and Rs 215 per share
Cuts offer price after tepid response
The issue portion reserved for retail investors has already been fully subscribed
Price band Rs 315-325 a share, with additional discount of Rs 15 per share to retail investors
Lukewarm response to two IPOs in 2015 has raised questions over investor participation
The company will also be asked to issue bonus shares
Of the IPO, half or Rs 120 cr (at upper price band) is an offer-for-sale by Mauritius-based private equity investor - New Silk Route
Odisha-based Ortel planning to raise up to Rs 270 cr and will launch IPO on March 3
The firm plans to issue 2.03 crore shares including 20 lakh shares offered for sale by the promoter, Thrill Park Ltd
Most of the companies plan to utilise IPO proceeds for capacity expansion as well as working capital requirements
Public issue, priced between Rs 181 and Rs 200 per share, will remain open till March 5