Page 179 - Ipos

MTAR Technologies IPO priced between Rs 574-575, open March 3-5

Comprises a fresh issue of Rs 123 crore and an offer for sale of Rs 472 crore

Heranba Industries IPO subscribed 83 times on strong HNI support

Price band was set at Rs 626-627 per share; issue comprises Rs 60 cr of fresh fundraise, Rs 565 cr offer for sale

Heranba Industries Rs 625 crore IPO subscribed 84% on Day-1

Price band set at Rs 626-627 per share; offer is priced at nearly 23 times its trailing 12-month earnings

RailTel IPO subscribed 42 times; firm heads for Rs 3,000 cr valuation

The institutional investor portion of the IPO was subscribed 65 times and the high-net-worth individual (HNI) portion was subscribed 73 times

Sebi's new free float norms and what it means for LIC IPO: Explained

Why are free float shares important? What is the free float requirement for newly listed companies? How and who will the Sebi move benefit? In this podcast, we explained Sebi's new free float norms

Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record

A month into the Covid-19 immunisation drive, as many as 21 states and Union Territories (UTs) have not administered a single shot of Covaxin from Bharat Biotech. Read top news with Business Standard

Sebi eases listing rules for large IPOs, paving way for LIC's mega float

Lowers minimum dilution, extends deadline to increase float for big companies

RailTel Corporation IPO subscribed 6.64 times on second day

The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 6.64 times on the second day of subscription on Wednesday. The Rs 819.24-crore offer received bids for 40,64,63,940 shares against 6,11,95,923 shares on offer, as per NSE data. The qualified institutional buyers (QIBs) portion was subscribed 2.96 times, non institutional investors 2.63 times and retail individual investors(RIIs) 10.55 times. The public issue is of 8,71,53,369 equity shares and in a price range of Rs 93-94 per share. The company has raised Rs 244 crore from 14 anchor investors. The offer is being managed by ICICI Securities Ltd, IDBI Capital Markets & Securities Ltd, and SBI Capital Markets Ltd.

PolyPeptide Group names new CEO before likely Swiss IPO during 2021

Raymond De Vre, a Belgian who previously worked at Indian contract manufacturer Dr. Reddy's Laboratories as global head of biologics, will join PolyPeptide Group as CEO-elect in April

Threat to BSNL, tepid listing gains: Analysts' take on RailTel IPO

Listen to this podcast to know what Ambareesh Baliga, an independent market analyst; and Likhita Chepa, senior research analyst at CapitalVia Global Research have to say about the issue

RailTel's Rs 820-cr IPO subscribed 2.6 times on Day-1; Nureca by 15x

The retail portion of RailTel's issue has already garnered 5x subscription. On Monday, the state-owned firm allotted shares worth Rs 244 crore to anchor investors

State-owned RailTel IPO priced between Rs 93-94, offers 87 million shares

At the upper end of the price band, the IPO size works out to Rs 819 crore

Top headlines: India says Covid deaths falling; bank unions call for strike

Business Standard brings you top news of the evening

US electric vehicle manufacturer Xos in deal talks to go public: Report

NextGen's share price rose 12% to $11.69 on the news before trading was halted due to volatility. When trading resumed, it rose to about $14 at 3 p.m. EDT (2000 GMT), a gain of 34%

Brookfield REIT IPO subscribed 8 times, gets bids for 573 mn units

IPO was made up entirely of Rs 3,800 cr of fresh fund raise. Experts say good response shows that domestic investors have warmed up to REITs as a new investing vehicle

Sebi fines 6 entities Rs 1.2 cr for IPO fund diversion, fraudulent trading

The regulator conducted a probe into the IPO of BPML for the period July 7 to July 15, 2011

14 mn sq ft office parks make Brookfield REIT a long-term bet, say analysts

Pandemic-led growth challenges, higher debt and valuations could cap near-term gains

Investors put Rs 1,709 crore in Brookfield REIT's initial public issue

The Rs 3,800 crore-IPO of the REIT will open on Wednesday

Investors put Rs 1,709 crore in Brookfield REIT's initial public issue

The Rs 3,800 crore-IPO of the REIT will open on Wednesday

Indian Railway Finance Corp's IPO will not dent govt support: S&P Global

S & P Global Ratings has said that Indian Railway Finance Corporation's (IRFC's) initial public offering does not alter its view of government support to the company.The government, which has been the sole owner of IRFC since its inception in 1986, holds about 86 per cent shares after the listing. In the IPO exercise, the government sold 5 per cent stake and additional 10 per cent shares were issued to the market."The divestment does not affect our assessment of IRFC's critical link and integral role to the government. The IPO plans were announced as far back as 2017 and we had factored the potential share sale in our ratings on the company since then."S & P said it continues to see an almost certain likelihood of extraordinary government support for IRFC in the event of financial distress. There is no change to the company's business model and it remains the sole financing arm of the Ministry of Railways.IRFC will remain integrally linked to the government. The government ...