The initial public offering (IPO) of non-banking financial institution Northern Arc Capital Ltd received 110.71 times subscription on the closing day of the share sale on Thursday.
The Rs 777-crore share sale received bids for 2,37,79,44,639 shares against 2,14,78,290 shares on offer, as per NSE data.
The quota for Qualified Institutional Buyers (QIBs) got subscribed 240.79 times, while non-institutional investors subscribed the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times subscription.
Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors.
The Rs 777-crore IPO of the Chennai-based company has a price range of Rs 249-263 per share.
The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 …
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Northern Arc Capital IPO subscribed 110.71 times on offer’s closing day (19-09-2024)
Arkade Developers IPO gets subscribed 106.40 times on offer’s last day (19-09-2024)
The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday.
The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE.
Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription.
The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription.
The realty firm has raised Rs 122.40 crore from anchor investors.
The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component.
Proceeds from the issue will be used for the development of the ..
Sebi tweaks valuation framework for AIFs post suggestions from industry (19-09-2024)
The regulator also included valuation guidelines endorsed by the AIF association for the valuation of assets on which there was ambiguity under the previous norms
Sebi bars Axis Capital from acting as merchant banker in debt segment (19-09-2024)
Investment bank provided guarantee towards redemption of NCDs in the guise of underwriting, says the regulator
US DOE recognizes JSW Steel USA for its ESG initiatives (19-09-2024)
The U.S. Department of Energy (DOE) has recognized JSW Steel USA for achieving its energy savings goal as a partner in the Better Plants Challenge. JSW Steel USA has achieved energy savings of 25% through greater efficiency efforts across its portfolio.
Thomas Cook opens new franchise outlet in Chromepet, Chennai (19-09-2024)
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Phoenix Mills arm successfully bids for two prime city-centric plots in Mohali, Punjab (19-09-2024)
Phoenix Mills announced today that Casper Realty (Casper), a wholly owned subsidiary of PML, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab.
Three IPOs receive bids over Rs 1.05 trillion; demand outstrips supply (19-09-2024)
The strong demand from investors is on the back of high grey market premiums. All three will make their debut next week
AU Small Finance Bank partners with Niva Bupa (19-09-2024)
AU Small Finance Bank (AU SFB) announced its partnership with Niva Bupa Health Insurance Company (Niva Bupa) to offer health insurance products to AU SFB’s customers. Building on Niva Bupa’s existing relationship with Fincare Small Finance Bank (now merged with AU SFB), this collaboration introduces a refreshed business proposition, further enhancing the bank’s customer offerings.
Board of Suven Pharmaceuticals approves change in Executive Chairperson (19-09-2024)
At meeting held on 19 September 2024