Senior management of the company confirmed the development, but the spokesperson declined to comment
Posts in category Business Standard
NTPC Green Energy files draft papers to raise $1.2 billion through IPO (18-09-2024)
The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed
Ray Dalio downplays next US Fed move as investors flag China risks (18-09-2024)
Cain International CEO Jonathan Goldstein said return to office policies are as important to the fate of the real estate industry as any interest-rate cuts by the Fed
Investors subscribe Arkade Developers’ IPO 29.42 times offer size on day 3 (18-09-2024)
The initial public offer of Arkade Developers got subscribed 29.42 times on Wednesday, day three of the share sale.
The Rs 410-crore initial share sale received bids for 69,94,46,440 shares against 2,37,75,719 shares on offer, according to NSE data.
The quota for non-institutional investors garnered 58.80 times subscription while the Retail Individual Investors (RIIs) part got subscribed 33.26 times. The portion for Qualified Institutional Buyers (QIBs) received 61 per cent subscription.
The initial public offer 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.
Realty firm Arkade Developers Ltd 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 initial public offering.
The initial share sale will conclude on September 19.
The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale
Information technology stocks suffer biggest one-day fall in six weeks (18-09-2024)
Fed rate cuts, Accenture promotion delay sour mood
Sebi remains bullish on Reit market in India, says WTM Ashwani Bhatia (18-09-2024)
WTM Ashwani Bhatia says benchmarking to bring accuracy, efficiency, and more customers into its fold
Oswal Pumps files IPO papers with Sebi to raise Rs 1k cr via fresh issue (18-09-2024)
Haryana-based Oswal Pumps has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The IPO is a combination of fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 1.13 crore equity shares by promoter Vivek Gupta, according to the draft red herring prospectus (DRHP) filed on Tuesday.
The company may consider raising up to Rs 200 crore in a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced.
Proceeds from the fresh issue will be used for funding certain capital expenditures of the company; investment in wholly-owned subsidiary, Oswal Solar in the form of debt or equity, setting up new manufacturing units at Karnal, Haryana, payment of debt, and for general corporate purposes.
Oswal Pumps commenced its operations in 2003 by manufacturing low-speed monoblock pumps and over the years, it expanded its operations to manufacture grid-connected high-speed
Quantum Mutual Fund moves NCLAT against delisting of ICICI Securities (18-09-2024)
ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold, as per the approved scheme
State Bank of India raises Rs 7,500 Basel III compliance Tier 2 bonds (18-09-2024)
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Nazara Technologies acquires 19.35% stake in Absolute Sports (Sportskeeda) (18-09-2024)
For a consideration of Rs 145.5 cr