Read more about Four IPOs to hit markets next week; companies eye Rs 9,123 crore on Business Standard. The IPO market is getting back on track after a lull of two months, with four companies launching their initial share-sales next week to raise Rs 9,123 crore collectively.The last initial public offering (IPO) was that of Macrotech Developers
Burger King India has allotted 5,24,335 equity shares of the face value of Rs.10 each on 22 April 2021 which shall rank pari passu in all respects with the existing equity shares.
Subsequent to the allotment of equity shares as above, the paid-up equity share capital of the Company will be Rs. 383,50,39,790/- representing 38,35,03,979 equity shares of the face value of Rs. 10/- each.
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Read more about Indices turn range bound; breadth positive on Business Standard. At 11:23 IST, the barometer index, the S&P BSE Sensex, was up 318.84 points or 0.63% at 50,713.92. The Nifty 50 index gained 81.3 points or 0.54% at 15,010.
The offer received bids for 19.69 crore shares as against 3.25 crore shares on offer.
The initial public offer (IPO) of Laxmi Organic Industries received bids for 19.69 crore shares as against 3.25 crore shares on offer, according to the stock exchange data at 17:00 IST on Tuesday (16 March 2021). The issue was subscribed 6.05 times.
The issue opened for bidding on Monday, 15 March 2021, and it will close on Wednesday, 17 March 2021. The price band for the IPO is set at Rs 129-130 per share. An investor can bid for a minimum of 115 equity shares and in multiples thereof.
The offer comprises of equity shares aggregating up to Rs 600 crore, comprising a fresh issue of up to Rs 300 crore and an offer for sale of up to Rs 300 crore by the promoter Yellow Stone Trust.
Read more about Kalyan Jewellers IPO subscribed 60% on Business Standard. The issue received bids for 5.72 crore shares as against 9.57 crore shares on offer.