Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], May 28: Z-Tech (India) Limited, one of the pioneer in innovative engineering solutions, sustainable theme parks, and water waste management, has announced its plan to go public with an Initial Public Offering (IPO) on May 29, 2024. The company is aiming to raise Rs 37.30 Crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform. Business News | Z-Tech (India) Limited IPO Opens on May 29, 2024.
The initial public offer of co-working space operator Awfis Space Solutions got subscribed a whopping 108.17 times on the closing day of subscription on Monday, amid heavy participation from institutional investors. The Rs 599 crore initial share sale received bids for 93,34,36,374 shares against 86,29,670 shares on offer, according to data available with the NSE.
Awfis Space Solutions IPO subscribed 4.27 times on Day 2 of offer, ET RealEstate 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.
The category for Retail Individual Investors (RIIs) fetched 6.02 times subscription, while the quota for non-institutional investors got subscribed 2.76 times.
This takes the total IPO size to Rs 2,615 crore at the upper end of the price band.At present, Go Digit Infoworks Services owns an 83.3 per cent stake in the company.Proceeds from the fresh issuance have been proposed to be utilised for augmentation of the companys capital base and maintenance of solvency levels and general corporate purposes.Cricketer Virat Kohli and his wife and actor Anushka Sharma are among the investors in the firm.