Kumar Arch Tech, which is into PVC blend-based building material products manufacturing, has filed preliminary papers with capital markets regulator Sebi to garner Rs 740 crore through an initial public offering (IPO). The proposed IPO is a mix of fresh issuance of shares valued Rs 240 crore, and an offer-for-sale (OFS) of shares worth Rs … Read more
The grey market premium (GMP) on Kross’ shares have reduced by half to Rs 24 from Rs 50 ahead of the listing of the stock on September 16, Monday. This is a 10% premium over the issue price of Rs 240 per share. The three-day initial public offering (IPO) which ended on September 11 got … Read more
The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 2.56 times on Tuesday, the second day of the bidding process. The highest demand was driven by the retail investors, booking the issue by 3.87 times, followed by the non-institutional investors, subscribing to the issue by 2.87 times. The … Read more
