Stocks may face selling pressure after lock-in expiry financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
In IPO frenzy, 200 HNIs compete for one share
Rich are lured by hefty listing gains, easy financing
The booming primary market is witnessing strong participation from non-institutional investors (NIIs). Driven mainly by HNIs, the average subscription for the non-institutional quota has been 190-200 times in 2020 and so far in 2021 compared to 30-40 times about a decade back. This means, for every share on offer under the NII quota in IPOs, there are 200 competing investors.
Flush with cash and financing, HNIs are going after initial public offerings (IPOs) in a big way as substantial listing day gains have become the norm, say experts. Technically, non-institutional bidders are individual investors, NRIs, companies, trusts etc who bid for more than ₹2 lakh but do not have to register with SEBI like qualified institutional investors (QIIs).
Laxmi Organics raises Rs 180 crore from anchor investors ahead of IPO indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Laxmi Organic Industries Rs 600-crore IPO to open on March 15
The company, in consultation with the book running lead managers to the issue, undertook a private placement of 15,503,875 equity shares aggregating to Rs 200 crore.
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NEW DELHI: Speciality chemicals manufacturer Laxmi Organics Industries on Tuesday fixed a price band of Rs 129-130 a share for its Rs 600-crore initial public offer, which will open for subscription on March 15.
The initial public offer (IPO) comprises fresh issuance of shares aggregating to Rs 300 crore and an offer for sale worth Rs 300 crore by the promoter Yellow Stone Trust, Laxmi Organics Industries said.
Laxmi Organic IPO to open on March 15: 10 things to know about the share sale
Laxmi Organic Industries IPO comprises of a fresh issuance of equity shares worth Rs 300 crore and an offer for sale worth Rs 300 crore by the promoter Yellow Stone Trust
BusinessToday.In | March 9, 2021 | Updated 16:06 IST
Laxmi Organic Industries IPO to open on March 15 and close on March 17
Laxmi Organic Industries Rs 600 crore initial public offering (IPO) will open for subscription on March 15. The speciality chemicals manufacturer has fixed a price band of Rs 129-130 per share for the three-day IPO, which will close on March 17.
Here are ten things to know about Laxmi Organic IPO: