Posts in category Business Standard
Jana Small Finance Bank IPO gets subscribed 18.50 times on final day (09-02-2024)
The initial public offering of Jana Small Finance Bank received 18.50 times subscription on the closing day of share sale on Friday.
Private equity majors TPG and Morgan Stanley-backed company's IPO received bids for 18,71,96,580 shares as against 1,01,16,284 shares on offer, as per NSE data.
The portion for Qualified Institutional Buyers (QIBs) fetched 38.75 times subscription while the category for non-institutional investors got subscribed 25.05 times. The Retail Individual Investors (RIIs) part received 5.46 times subscription.
The Bengaluru-headquartered firm's Initial Public Offering (IPO) had a fresh issue of up to Rs 462 crore and an Offer For Sale (OFS) of up to 2,608,629 shares. It had a price range of Rs 393-414 apiece.
Jana Small Finance Bank on Tuesday garnered Rs 167 crore from anchor investors.
The bank will use the money from the fresh issue to augment its core capital to meet future capital requirements and improve its capital adequacy ratio.
Axis Capital, ICICI
Entero Healthcare’s Rs 1,600 cr IPO subscribed 10% on first day of offer (09-02-2024)
The initial share sale of healthcare products distributor Entero Healthcare Solutions received 10 per cent subscription on the first day of bidding on Friday.
The Rs 1,600 crore-Initial Public Offering (IPO) got bids for 6,89,678 shares against 71,50,100 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 45 per cent while the quota for non-institutional investors received 4 per cent subscription.
The IPO is a combination of fresh issue of up to Rs 1,000 crore and an Offer For Sale (OFS) of up to 47,69,475 equity shares, aggregating up to Rs 600 crore at the upper end of the price band.
Price range for the offer is Rs 1,195-1,258 a share.
Entero Healthcare Solutions has collected Rs 716 crore from anchor investors.
Proceeds from the fresh issue will be used towards payment of debt, funding working capital requirements, pursuing inorganic growth initiatives through acquisitions and general corporate purposes.
ICICI Securities, Dam
Jindal Stainless inks MoU with MSME Technology Centre, Visakhapatnam (09-02-2024)
For manufacturing value-added products for the missile and satellite launch vehicle segments
Sambhaav Media reports consolidated net profit of Rs 0.39 crore in the December 2023 quarter (09-02-2024)
Sales rise 2.75% to Rs 10.47 crore
KCP Sugar & Industries Corporation reports consolidated net loss of Rs 4.32 crore in the December 2023 quarter (09-02-2024)
Sales rise 11.04% to Rs 82.65 crore
Dhani Services reports consolidated net loss of Rs 89.41 crore in the December 2023 quarter (09-02-2024)
Sales decline 41.02% to Rs 87.11 crore
Sadbhav Infrastructure Projects reports consolidated net loss of Rs 124.34 crore in the December 2023 quarter (09-02-2024)
Sales rise 10.31% to Rs 203.60 crore
Manaksia Coated Metals & Industries consolidated net profit rises 1828.57% in the December 2023 quarter (09-02-2024)
Sales rise 7.88% to Rs 190.86 crore
Banka Bioloo consolidated net profit declines 35.78% in the December 2023 quarter (09-02-2024)
Sales rise 30.35% to Rs 13.96 crore
Mangalam Organics consolidated net profit rises 83.67% in the December 2023 quarter (09-02-2024)
Sales decline 14.72% to Rs 110.61 crore