The initial public offer of real estate developer Omaxe, expected to raise about Rs 550 crore, got subscribed by more than 35 times today.
The IPO received bids for 63.09 crore shares against 1.77 crore shares on offer, getting subscribed 35.45 times, according to the latest data available on the bourses.
The price band of the offer, which opened on July 17 and closes with the working hours today, has been fixed at Rs 265-310 per share.The issue received good response from Qualified Institutional Buyers and non-institutional investors.
Of the total issue, about 1.75 crore equity shares are meant for the public, while the balance 2.96 lakh shares have been reserved for eligible employees. There is also a greenshoe option of 17.5 lakh equity shares.
The issue would constitute 11.20 per cent of fully diluted post-issue paid-up capital of the company if the greenshoe option is exercised and, 10.30 per cent if the option is not exercised.
Showing posts with label Non-Institutional Investor. Show all posts
Showing posts with label Non-Institutional Investor. Show all posts
Friday, July 20, 2007
Thursday, June 28, 2007
Meghmani Organics IPO lists at 75% premium
Meghmani Organics Ltd. listed on the stock exchanges Thursday. It opened at Rs 33.25 on the National Stock Exchange, a premium of 75% to the issue price of Rs 19. The low was Rs 26.
The six crore share-public offer was subscribed 23.94 times. The price band of the issue was Rs 17-Rs 19 per share of Re 1 each.The issue was subscribed 44.75 times by non-institutional investors. Of the 3.60 crore shares on offer, qualified institutional buyers applied 19.43 times, while retail investors subscribed the balance 26.01 times.
The objects of the issue included financing a new high performance pigment plant at Vatva, Ahmedabad and a multi-purpose agro-chemicals plant at Panoli.
The company will also use the proceeds to invest in Meghmani Energy, finance a 3MW captive power plant at Chharodi, Gujarat, for diversification opportunities and working capital requirements.
The six crore share-public offer was subscribed 23.94 times. The price band of the issue was Rs 17-Rs 19 per share of Re 1 each.The issue was subscribed 44.75 times by non-institutional investors. Of the 3.60 crore shares on offer, qualified institutional buyers applied 19.43 times, while retail investors subscribed the balance 26.01 times.
The objects of the issue included financing a new high performance pigment plant at Vatva, Ahmedabad and a multi-purpose agro-chemicals plant at Panoli.
The company will also use the proceeds to invest in Meghmani Energy, finance a 3MW captive power plant at Chharodi, Gujarat, for diversification opportunities and working capital requirements.
Monday, June 25, 2007
Spice Comm IPO opens today
Spice Communications Ltd’s initial public offer opens on Monday. The company is offering 11.31-crore equity shares of Rs 10 each through the 100% book building route. The price band has been fixed between Rs 41 and Rs 46 per share. The issue constitutes 16.39% of the fully diluted post-issue equity share capital of the company.
The book running lead managers to the issue are Enam Financial Consultants and UBS Securities India.The issue closes Friday.At least 60% of the issue will be allocated to qualified institutional buyers, up to 30% to retail investors and up to 10% to non-institutional investors.
The IPO proceeds will be mainly utilised towards repayment of debt, payment of license fee for national long distance and international long distance services and related capital expenditures. The funds will also be used for payment to vendors for network equipments and other capital expenditures.
The company recently concluded a pre-IPO placement of 2.4 crore shares at Rs 45 per share, raising about Rs 112 crore. Lehman Brothers and Sinnaker Investments have picked up a small stake in Spice Telecom.
Read more in The Economic Times article.
The book running lead managers to the issue are Enam Financial Consultants and UBS Securities India.The issue closes Friday.At least 60% of the issue will be allocated to qualified institutional buyers, up to 30% to retail investors and up to 10% to non-institutional investors.
The IPO proceeds will be mainly utilised towards repayment of debt, payment of license fee for national long distance and international long distance services and related capital expenditures. The funds will also be used for payment to vendors for network equipments and other capital expenditures.
The company recently concluded a pre-IPO placement of 2.4 crore shares at Rs 45 per share, raising about Rs 112 crore. Lehman Brothers and Sinnaker Investments have picked up a small stake in Spice Telecom.
Read more in The Economic Times article.
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