Around 20 companies from Asia Pacific are listing shares next week in deals that may raise as much as $8.3 billion
Posts in category Business Standard
HDB Financial Services aiming to raise up to Rs 12,500 cr via IPO (19-10-2024)
Last month HDFC Bank approved raising Rs 2,500 crore through an issue of shares in the IPO, marking the group’s first public float in six years
SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO (19-10-2024)
Defence equipment manufacturer SMPP Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 4,000 crore through an initial public offering (IPO).
The IPO comprises a fresh issue of equity shares aggregating up to Rs 580 crore and an offer for sale (OFS) of equity shares worth up to Rs 3,420 crore by promoter Shiv Chand Kansal, according to the draft red herring prospectus (DRHP) filed on Friday.
At present, Kansal holds 50 per cent stake in the company.
The company may consider a pre-IPO placement of securities valued at Rs 116 crore. If such placement is carried out, the fresh issue size will be reduced.
Proceeds from the fresh issue will be utilised primarily for capital expenditure of Rs 437.04 crore, which includes constructing buildings, land development, and procuring plant and machinery for a planned ammunition manufacturing facility through investment in a subsidiary.
The remaining amount will be allocated for general corporate purposes.
SMPP is a
UCO Bank consolidated net profit rises 50.37% in the September 2024 quarter (19-10-2024)
Total Operating Income rise 16.47% to Rs 6078.36 crore
Rossari Biotech consolidated net profit rises 7.22% in the September 2024 quarter (19-10-2024)
Sales rise 3.08% to Rs 498.35 crore
Netweb Technologies India standalone net profit rises 69.88% in the September 2024 quarter (19-10-2024)
Sales rise 73.17% to Rs 251.06 crore
Lloyds Engineering Works standalone net profit rises 48.75% in the September 2024 quarter (19-10-2024)
Sales rise 74.21% to Rs 212.15 crore
Jio Financial Q2 PAT rises 3% YoY to Rs 690 cr in Q2 FY25 (19-10-2024)
Jio Financial Services’ consolidated net profit increased 3.13% to Rs 689.07 crore in Q2 FY25 as compared with Rs 668.18 crore in Q2 FY24.
HDFC Bank Q2 PAT rises 5% YoY to Rs 16,821 cr (19-10-2024)
HDFC Bank reported 5.29% increase in standalone net profit to Rs 16,820.97 crore in Q2 FY25 as compared with Rs 15,976.11 crore in Q2 FY24.
Shapoorji Pallonji’s Afcons Infra to float Rs 5,430 cr IPO on Oct 25 (19-10-2024)
Shapoorji Pallonji Group’s infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its Rs 5,430-crore initial public offering (IPO) on October 25.
The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the red herring prospectus (RHP).
The company will announce the price band for the IPO next week. The infrastructure firm’s Rs 5,430-crore IPO is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech Private Limited.
The offer size has been reduced following a pre-IPO fundraising. In the March draft papers, the company had initially planned to raise Rs 7,000 crore through the initial share sale.
Currently, promoter and promoter group entities own a 99 per cent stake in Maharashtra-based Afcons Infrastructure. The company will utilise Rs 80 crore from the fresh issu