Adani Enterprises’ Rs 400 crore public issue of debentures, which opened on Wednesday, was oversubscribed by around 221% on Day two, driven by heavy participation from retail investors. The non-convertible debentures (NCDs) will have an effective annual yield ranging from 9.25% to 9.90%. The issue will close on September 17. “Demand for Adani Enterprises maiden … Read more
The initial public offer (IPO) of Kronox Lab Sciences opened for subscription earlier today and will close on June 5. The issue is completely an offer for sale of 95.7 lakh shares. Since the IPO is entirely an OFS, all the net proceeds will go to the selling shareholders, including Jogindersingh Jaswal, Ketan Ramani and … Read more
The initial public offering of Awfis Space Solutions closed on Monday, with bids exceeding more than 108 times the shares the office sharing company has put up for sale. According to data from the BSE, the public issue received bids for more than 936.8 million shares against the 8.62 million shares on offer. The category … Read more
The initial public offer (IPO) of Go Digit Insurance was subscribed 50% so far around 12:20 pm on second day of the bidding process on Thursday. The retail portion was fully subscribed at 2.03 times around this time while the non-institutional investors’ portion was booked 0.48 times. As for the qualified institutional buyers (QIBs), the … Read more
The primary market takes a breather in the mainboard segment with no new issues opening next week, while the SME segment keeps ticking as 2 companies set to launch their public offers. In the last week, two mainboard IPOs of Popular Vehicles and Services and Krystal Integrated Services opened for subscription with an aim to … Read more
The shares of Mukka Proteins debuted on the exchanges on Thursday with a premium of 57%. The stock listed at Rs 44 as against an issue price of Rs 28 on BSE. Meanwhile, the stock listed at Rs 40, up 43% on NSE. Ahead of the listing, the company’s shares were trading with a GMP … Read more
