Shankara Building IPO oversubscribed 2.49 times on Day 2

The initial public offer of Shankara Building Products was oversubscribed 2.49 times on the second day of the issue, said the PTI report. The IPO received bids for 1,31,88,736 shares against the total issue size of 52,94,467 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 75 per cent, while non institutional in

Delta Corp to raise Rs 750 cr via QIP

Delta Corp plans to raise up to Rs 750 crore through issue of equity shares or other securities via qualified institutional placement (QIP). The Board of Directors approved raising funds by issuing equity shares or other permissible securities through QIPs for an aggregate amount not exceeding Rs 750 crore, Delta Corp said in a BSE filing.

The company, which is into real estate, hospi

Private placement curbs set to raise corporate China's debt risks

By Engen Tham and Michelle Price

SHANGHAI/HONG KONG  - New rules to rein in a surge in private share sales by Chinese companies are pushing more cash-strapped firms to borrow instead, bankers and analysts say, adding to a corporate debt burden already at its highest since the global financial crisis.

Private placements in China jumped fivefold from 2013

CL Educate IPO subscribed 77% on Day 2

CL Educate, which owns brand Career Launcher, saw its IPO subscribed 77 per cent on the second day of the issue, reported PTI. The initial public offering received bids for 25,71,053 shares against the total issue size of 33,32,000 shares, data available with the NSE. Qualified institutional buyers (QIBs) segment was oversubscribed 1.97 times while that of non-institutional investors 4 per cent

D-Mart stocks register over 100% returns on listing day

Market investor R.K. Damani-led retail store chain Avenue Supermarts, commonly known as D-Mart, witnessed more than 100 per cent return on its debut on the domestic bourses on Tuesday.

The scrip of the company opened at Rs 604.40 per share on the BSE -- more than 100 per cent premium over its issue price of Rs 299 apiece. 

It closed with gains of 6.01 per cent at Rs 640

IPO Note - Avenue Supermarts Ltd - GEPL

Company Background

Avenue Supermarts Limited (D mart) is Mumbai based supermarket chain D-Mart. Company is among the largest and the most profitable F&G retailer in India. Company offers a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. The company has incorporated in 2002

IPO Product Note Shankara Building Products Ltd - Religare Sec

About the Company

Shankara is one of the leading organized retailers of home improvement and building products in India based on number of stores, operating under the trade name Shankara BuildPro. As on December 31, 2016, the company operated 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. The company caters to a lar

Avenue Supermarts makes stellar debut, lists at 102% premium

Shares of Avenue Supermarts made a stellar debut at the Bombay Stock Exchange (BSE) today, surging nearly 107 per cent against the issue price of Rs 299. The stock listed on BSE at Rs 604.40, reflecting a huge jump of 102 per cent over the issue price.

Later, it touched an intra-day high and intra-day low of Rs 619.75 and Rs 558.75 respectively. On the volume front, over 5.78 crore sh

IPO NOTE - CL Educate Limited - Motilal Oswal

Introduction :

Incorporated in 1996, CL Educate Ltd is engaged in providing various educational products and services. They operate through two segments i.e. Education & Training Programme (including sales of Study Material) and Vocational Training. The Company's Education & Training Program (including sales of Study Material) segment inclu

IPO Note - CL Educate Ltd - GEPL

Company Background

CL Educate Ltd. (CEL), The company is incorporated in 1996 and engaged in providing various educational products and services. They operate through two segments Education and training programs (including sale of study material) and vocational training. The Company's Education and training program (including sale of study material

Avenue Supermarts to list shares on Tuesday

D-Mart parent, Avenue Supermarts, which recently concluded its Rs 1,870-crore initial public offering, will list its shares on bourses on Tuesday, said the media reports. The price band for the public issue of Avenue Supermarts, the operator of retail chain D-Mart, was fixed at Rs 295-299 and the IPO was open for subscription during March 8-10. Proceeds of the issue would be utilised for variou

Music Broadcast shares rise on debut after $75 million IPO

MUMBAI - Shares of Music Broadcast Ltd rose as much as 24.6 percent in their trading debut on Friday, after the radio station operator's initial public offering of shares raised $75 million.

Music Broadcast shares were at 397.55 rupees by 0431 GMT on the National Stock Exchange, having risen to as high as 415 rupees, compared with their issue price of 333 rupees.<

S Chand gets Sebi go-ahead to launch IPO

S Chand and Company has received markets regulator Sebi's approval to float an initial public offering (IPO), reported PTI. This includes fresh issue of shares worth Rs 300 crore. Besides, the company's existing shareholders, including private equity fund Everstone and International Finance Corporation (IFC), would be offloading 6,023,236 shares through the Offer for Sale (OFS) route.

Cabinet nod for sale of 24% equity in Lubrizol India

A Union Cabinet panel on Wednesday approved the sale of 24 per cent equity holding in Lubrizol India Private Ltd by state-run Indian Oil Corp to Lubrizol Corp. of US.

"The Cabinet Committee on Economic Affairs today (Wednesday) gave in-principle approval to permit Indian Oil Corporation (IOC) to sell its 24 per cent equity in one of its joint venture companies, M/s. Lubrizol Indi

Nasdaq CEO says tech partnership can help win $100 billion Saudi Aramco IPO

By John McCrank

BOCA RATON, Fla.  - Nasdaq Inc is touting its technology credentials in its effort to win the listing of Saudi Aramco's upcoming initial public offering, the exchange operator's chief executive said in an interview.

Financial centers around the globe, including New York, London and Tokyo, have been making a special effort to win

CL Educate fixes price band for IPO

C L Educate on Tuesday fixed a price band of Rs. 500-502 per share for its upcoming initial public offer (IPO) through which it aims to raise Rs 239 crore, reported PTI. The IPO will open on March 20 and close on March 22, said C L Educate, which operates across segments in the education industry including test preparation, K-12 and vocational training.

The issue comprises 47.60 lakh

Gitanjali Gems subsidiary Nakshatra World files for IPO

Nakshatra World, subsidiary of Gitanjali Gems, has announced filing of its draft red herring prospectus ( DRHP) with the capital market regulator for an IPO. Earlier in December 2016, the company outlined its plan to raise close to Rs. 650 crore, subject to regulatory approvals, said the media reports. The board of directors of the company also approved the proposal of public offering of equity

BSE eyes 200 listings on SME platform by June

BSE expects to have 200 companies listed by June on its SME platform, an exclusive platform it has launched for raising of funds by small and medium enterprises, reported PTI. So far, 165 companies have been listed on the BSE's SME platform with an aggregate market capitalisation of close to Rs 19,000 crore. These firms have raised over Rs 1,288 crore through their initial public offerings

Subscribe Avenue Supermarts Ltd - SPA Sec

Avenue Supermarts Ltd. (ASL) is an emerging national supermarket chain, with a focus on value retailing. ASL opened its first store in Mumbai in 2002. As of January 31, 2017, ASL had 118 stores with Retail Business Area of 3.59 million sq.ft, located across 45 cities in Maharashtra, Gujarat, Telangana, Karnataka, Andhra Pradesh, Madhya Pradesh, Chattisgarh and NCR.ASL operate distribution centr

Music Broadcast IPO oversubscribed 39.45 times on last day

The initial public offering of Music Broadcast, a Jagran group firm that runs Radio City FM channel, was oversubscribed 39.45 times on the last day of the issue, reported PTI. The IPO received bids for 41,34,94,155 shares against the total issue size of 1,04,80,784 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was oversubsc

India's Avenue Supermarts IPO fully subscribed on first day

MUMBAI  - India's Avenue Supermarts Ltd's initial public offering (IPO) to raise up to 18.7 billion rupees ($280.32 million) was fully subscribed on the first day of the offer, exchange data showed on Wednesday.

The supermarket operator is selling shares in a range of 295-299 rupees a share in an offer that closes on Friday.

Its IPO is the count

Music Broadcast IPO oversubscribed 2.19 times on second day

The initial public offering of Music Broadcast, a Jagran group firm that runs Radio City FM channel, was oversubscribed 2.19 times on the second day of the issue, reported PTI. The IPO received bids for 2,29,35,240 shares against the total issue size of 1,04,80,784 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers (QIBs) was oversubsc

Subscribe Avenue Supermarts Ltd - Reliance Sec

Numero Uno!

Focussed on value retailing, Avenue Supermarts Ltd. (ASL) is one of the leading and most profitable supermarket chains in India with its flagship D-Mart stores. Spread over 45 cities in 9 states and 1 union territory, ASL has 117 stores as of Dec’16 covering retail business area of 3.6mn square feet. In the past few years, ASL has rep

Music Broadcast IPO subscribed 51% on Day 1

The initial public offering of Music Broadcast Ltd, a Jagran group firm that runs Radio City FM channel, was subscribed 51 per cent on the first day of the offer, reported PTI. The IPO, received bids of 53,17,065 shares against the total issue size of 1,04,80,784 shares, data available with the NSE showed. The portion set aside for non-institutional investors was subscribed 3 per cent, while re

Two IPOs headed for markets this week, eye Rs 2300-cr

Radio City FM channel operator Music Broadcast Ltd and Avenue Supermarts that runs supermarket retail chain D-Mart will come out with their initial public offerings this week to raise about Rs 2,300 crore, reported PTI. The bidding in the initial share sale offer of Music Broadcast will begin on March 6 and close on March 8 while Avenue Supermarts' IPO will open for public subscription on M