The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries was subscribed 55 per cent on day two of its subscription on Wednesday.
The Rs 480-crore IPO received bids for 33,56,750 shares against 60,54,054 shares on offer, according to NSE data.
The portion for non-institutional investors received 1.20 times the subscription while the category for retail individual investors (RIIs) got subscribed 38 per cent and that of qualified institutional buyers (QIBs) 37 per cent.
The initial public offer has a fresh issue of up to Rs 150 crore and an offer of sale of up to Rs 330 crore. The price range for the offer is Rs 555-585 a share.
Aryaman Financial Services is the manager to the offer.
The company proposes to utilise the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes.
The shares of the company will be listed on both BSE and NSE.
Posts in category Business Standard
Frozen meat exporter HMA Agro Industries IPO subscribed 55% on Day 2 (21-06-2023)
Sebi proposes standard format on trading preference for different exchanges (21-06-2023)
Capital markets regulator Sebi on Wednesday prescribed a standard format for seeking the trading preference of clients for the same product in different exchanges.
Currently, clients need to give separate authorisation/letters in case they want to trade on different stock exchanges for a particular segment.
Based on the representations received and in consultation with stock exchanges, it has been decided to standardise the format of “Trading Preferences” to ensure that clients are permitted to access all the stock exchanges in which the stock brokers are registered for the same segment, the regulator said.
Under the new mechanism, all stock brokers are mandated to register their new clients on all the active stock exchanges after obtaining the trading preferences as per format.
For existing clients, the brokers are mandated to offer them access to all the active stock exchanges for the segments already opted by them, as a default mode, within three months and inform their clients
Bitcoin hits six-week high as financial titans step up crypto initiatives (21-06-2023)
The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token’s rebound this year to almost 80%. Smaller coins such as Ether, Cardano
Markets logs fresh all-time highs amid gains in index heavyweights (21-06-2023)
Nifty settles at record close; FPI flows drive the rally
Sebi cracks down on bulk SMS scam, bars 135 entities from securities market (21-06-2023)
Impounds Rs 126 cr of wrongful gains; issues notices to over 200 entities
Sebi bars entities from securities market over stock manipulation (21-06-2023)
Sebi levied a penalty of about 1.26 billion rupees towards wrongful gains made from alleged market manipulation of small-cap companies through bulk messages
ITC, TaMo, L&T pivot Sensex to all-time high; will they hold the momentum? (21-06-2023)
Among sectors, the S&P Capital Goods index rallied over 18 per cent since December 1, 2022, and emerged as the leader among the pack
Dollar firm ahead of Powell testimony, sterling falls after inflation data (21-06-2023)
The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy
Lupin hits 52-wk high; rallies 7% on US FDA nod for key respiratory drug (21-06-2023)
Lupin has received US FDA nod for Tiotropium Bromide Inhalation Powder in the strength of 18 mcg per capsule. The drug is a generic equivalent of Spiriva HandiHaler, used for pulmonary patients
Tega Ind at record high after 4% stake sale by promoters; up 53% since May (21-06-2023)
On June 19, Tega’s promoters sold over 2.7 million equity shares, amounting to 4.1 per cent of the total equity share capital, to meet the minimum public shareholding norms