The initial public offer of solar panel maker Waaree Energies Ltd garnered 76.34 times subscription on the last day of share sale on Wednesday, helped by strong participation from institutional buyers.
The Rs 4,321.44 crore initial share sale received bids for 1,60,91,61,741 shares against 2,10,79,384 shares on offer, as per NSE data.
The quota for Qualified Institutional Buyers (QIBs) got a whopping 208.63 times subscription. The non-institutional investors part attracted 62.48 times subscription and Retail Individual Investors (RIIs) portion got subscribed 10.79 times.
The initial share sale received one of the highest ever number of applications at Rs 97.34 lakh. The public offer attracted subscription of over Rs 2.41 lakh crore.
Waaree Energies on Friday said it has mobilised Rs 1,277 crore from anchor investors.
The issue has a price band of Rs 1,427 to Rs 1,503 per share.
The IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer F
Investors subscribe Waaree Energies’ IPO 76.34 times offer size on last day (23-10-2024)
SBFC Finance announces ratings action for ABS of Prime Trust LAP Aug 22 (23-10-2024)
SBFC Finance announced that the rating as follows has been affirmed by India Ratings & Research Private Limited for pass-through certificates (PTCs) issued by Prime Trust LAP Aug 22 [SPV under ABS transaction] originated by SBFC Finance backed by a pool of asset-backed securities.
Karnataka Bank Q2 Results: Co reports slim rise in profit at Rs 336 crore on lower provisions (23-10-2024)
Lower provisions helped private sector Karnataka Bank to book a slim rise in net profit for the September quarter at Rs 336 crore as compared with Rs 330 crore in the year ago period.
MakeMyTrip Q2 Results: Company reports profit of $17.8 million on faster than industry growth in air ticketing, hotels (23-10-2024)
Nasdaq listed MakeMyTrip has reported revenues of $211 million in the second quarter of this fiscal, up 24.3% compared to the second quarter of the previous fiscal year. For the quarter ended September 30, 2024, MakeMyTrip reported a profit of $17.9 million, up from $2 million in the second quarter of financial year 2024
Waaree Energies IPO subscribed 74x as QIBs turn aggressive bidders (23-10-2024)
Retail, non-institutional investors too shown enormous interest
Citi sees robust deal pipeline and transactions in India (23-10-2024)
The pace activity is also likely to roll over into 2025 and the outlook for the next several years is positive, according to senior Citi officials
Muthoot Finance raises $400 million through senior secured notes issuance (23-10-2024)
Gold loan company Muthoot Finance Ltd has announced that it has raised USD 400 million (approximately Rs.3350 crore) through the issuance of Senior Secured Notes under its Global Medium Term Note Program of USD 2 billion in compliance with External Commercial Borrowings (ECB) guidelines of Reserve Bank of India.
Computer Age Management Services opens second office at GIFT City, Gandhinagar (23-10-2024)
GIFT city is an emerging dynamic hub for both Global and Indian funds to tap into global markets. CAMS was one of the first RTAs to be fully operational in GIFT city, having set up its office in 2021. The scaling up with a second and larger office at the new premises is well aligned to the global expansion and evolving growth plans of its clients. CAMS’s expansion in this dynamic hub offers numerous advantages for clients such as a supportive regulatory and infrastructural environment, global connectivity and streamlined administrative processes in a business-friendly setting.