From Craftsman Automation and Laxmi Organics Industries to Nazara Technologies, here s all about 5 big IPOs to hit markets this week india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
IPOs 2021: Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore.
Jhunjhunwala’s investment in Nazara Tech rises to ₹432 crore
March 14, 2021
Rakesh Jhunjhunwala, stock-market investor - PAUL NORONHA×
India’s Warren Buffett had invested about ₹180 crore in the Mumbai-based diversified gaming and sports media platform in 2018 Big bull Rakesh Jhunjhunwala’s investment in Nazara Technologies Ltd is pegged at about ₹432 crore as the gaming and sports media platform hits the market with a ₹583-crore Initial Public Offering on Wednesday.
This is based on the upper price band of ₹1,101 a share as Jhunjhunwala holds 32.94 lakh shares or 10.82 per cent in the company. While the entire IPO is an Offer For Sale (OFS) only issue, and there will not be any fresh offering by Nazara Technologies, the ace investor is not diluting any stake.
ipos: Five IPOs to hit markets this week; seek to raise Rs 3,764 crore 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.
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Five IPOs to hit markets this week
Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore. The companies are expecting to benefit from an equity market that is flush with liquidity and has seen a sharp increase in new retail investors.
Craftsman Automation and Laxmi Organics Industries will launch their initial share-sale programmes on Monday while that of Kalyan Jewellers India will open on Tuesday. IPOs of Suryoday Small Finance Bank and Nazara Technologies will begin on Wednesday, information with the exchanges showed.