Sterling and Wilson shares rose 5% to a record high of Rs 576.30 against the previous close of Rs 548.90 on BSE. Market cap of the firm rose to Rs 13,428 crore.
India Shelter Finance IPO comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. The issue is priced in the range of Rs 469-493. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
Goldman Sachs Funds, ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, UTI MF, Nippon India MF, Quant MF, Edelweiss MF, Bandhan MF, Tata MF, ICICI Prudential Life Insurance Company Ltd, SBI Life Insurance Co Ltd, and Max Life Insurance Company are among the anchor investors.
Fully integrated Electronic Manufacturing Services (EMS) company, Avalon Technologies, is set to launch its initial public offering (IPO) today, 3 April 2023. The IPO will be open for subscription till 6 April 2023. The company has raised around Rs 389.25 crore from 24 anchor investors ahead of the IPO. aaa