The initial public offer (IPO) of speciality chemical manufacturer Aether Industries opened today. The issue size of the IPO is Rs 808 crore. The IPO consists of a fresh issue of Rs 627 crore, and an offer for sale of Rs 181 crore. The company raised over Rs 240.32 crore from anchor investors on May 23. The firm informed the bourses that it has allocated 37,42,495 shares at Rs 642 per share to anchor investors.
FICCI’s virtual summit - India Food and Nutrition Innovation Summit 2021 - supported by the Ministry of Food Processing Industries, will be held from 27-28 October 2021. The summit will touch upon the latest developments in the food processing industry.
The Rs 1,500 crore initial public offer (IPO) by Pune-based specialty chemical firm Clean Science and Technology (CSTL) will open for subscription on Wednesday. The issue, which is slated to run between July 7-9, is priced in the range of Rs 880-900 per share and is entirely an offer for sale. The prime purpose is to enhance visibility, brand, provide liquidity to existing shareholders and achieve the benefits of listing shares on stock exchanges.
Company Details Clean Science is among the few companies globally, focused entirely on developing newer technologies using in-house catalytic processes, enabling it to emerge as the largest global manufacturer of certain specialty chemicals in terms of installed capacities as of March 31, 2021. It has two manufacturing facilities in India, with a combined installed capacity of 29,900 MTPA and a capacity utilisation rate of 72 per cent in FY21.
Equities in other Asian markets cheered in the early session in line with global markets as strong US economic data solidified hopes of continuing recovery.
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Nifty futures on Singapore Exchange traded 38.5 points, or 0.25 per cent, lower at 15,298 signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks that may buzz the most in today s trade:
Sun Pharma, Eicher Motors,
Cadila Healthcare: Sun Pharma, Eicher Motors, Cadila Healthcare,
Page Industries, Dixon Technologies, Alkyl Amines, Phoenix Mills, UCO Bank, Aegis Logistics, Solar Industries, HEG, Metropolis, Fine Organic, India Grid, Wockhardt are among companies that will announce their March quarter results today.
Burger King India: The recently listed QSR chain reported a consolidated net loss of Rs 25.94 crore for the fourth quarter ended March 2021. It had posted a net loss of Rs 37.41 crore during the January-March 2020 quarter.