The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore will hit the market today on January 18.
The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC) will open on January 18 in the price band of Rs 25-26 per share. The IPO worth over Rs 4,600 crore would close on January 20.
The companies are expecting to benefit from an equity market, which is flush with liquidity and has seen a sharp increase in new retail investors.
The three-day initial public offering (IPO) will conclude on January 22. The anchor investors' portion will be open for subscription on January 19, Indigo Paints said in a virtual press conference.
The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC), worth over Rs 4,600 crore, will open on January 18 and close on January 20.
The initial public offer of Mrs Bectors Food Specialities was subscribed 1.57 times within the first few hours of opening of bidding on Tuesday. This is the second initial public offer this month to have received over subscription in the first few hours itself after Burger King India.
Bread and biscuits maker Mrs Bectors Food Specialities is planning to hit the capital markets mid next week to raise around Rs 450-500 crore to fund the company's brownfield expansion of Rajpura manufacturing unit in Punjab.
Investors can check the Burger King India IPO share allocation status on the website of Link Intime India, which is the registrar of Burger King IPO. The registrar manages share allocation and refund.
The company, the dedicated financing arm of the Indian Railways, will be going for the anchor investment also.
The portion meant for qualified institutional buyers (QIBs) was subscribed 86.64 times, non-institutional investors 354.11 times and retail individual investors (RIIs) 68.15 times.
Burger King India's initial public offer was subscribed 9.38 times on the second day of subscription on Thursday. The company's initial public offer (IPO) received bids for 69,86,61,250 shares against the total offer size of 7,44,91,524 shares, as per data available with the NSE.
The initial public offering of Burger King India got oversubscribed within a few hours of opening for subscription on Wednesday. The IPO, which will close on Friday, was subscribed 1.84 times.
Burger King India had undertaken a pre-IPO placement, by way of rights issue of Rs 58.08 crore at a price of Rs 44 per share to promoter and preferential allotment of Rs 91.92 crore at a price of Rs 58.50 per share.
According to an analysis of data available with the stock exchanges, 12 initial public offerings (IPOs) in 2020 so far raised around Rs 25,000 crore, significantly higher than Rs 12,362 crore mopped up through 16 initial share-sales in the entire 2019.
Quick service restaurant (QSR) chain Burger King will hit the capital markets on December 2, and the price band of the initial public offering (IPO) has been fixed at Rs 59-60 per share.
Jack Ma, founder of China’s e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of USD 39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start.
Early finalisation of the direct listing scheme, development of the corporate bond market, reforms in IPO norms and digitization of processes among other issues were discussed between Sebi and investors from the US.
Chinese financial technology giant Ant Group is set to raise about $34.5 billion from its initial public offering (IPO) in Hong Kong and Shanghai, surpassing the previous record set by Saudi Aramcos $29.4 billion IPO in terms of cash raised last year.
A stake sale in LIC is crucial for meeting a record Rs 2.1 lakh crore disinvestment target set for the current fiscal ending March 31, 2021
Quick service restaurant major Burger King India has filed a draft prospectus for an initial public offering (IPO).
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