Highlights
Offers to raise an estimated Rs 3,764 crore.
Shares of these companies will be listed on BSE and NSE.
New Delhi: Gaming firm Nazara Technologies Rs 583-crore public issue will see sale of 52,94,392 equity shares by the promoters and existing shareholders. The company, backed by ace investor Rakesh Jhunjhunwala, is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series.
The company on Tuesday said it has mopped up a little over Rs 261 crore from from anchor investors ahead of its initial public offer, which opens for subscription on Wednesday.
The company s initial public offer (IPO) committee has decided to allocate 23,73,395 shares to 43 anchor investors at Rs 1,101 per piece. At this price, the firm has raised Rs 261.31 crore, Nazara Technologies informed BSE.
We are seeing a lot of IPOs. Which one looks exciting to you?
There are these new-age technology stocks in the IPO market and that is going to be interesting to watch. It is not really a debate about the old economy versus the new economy. Even certain old economy stocks are adopting digital kinds of mechanisms and transforming themselves into new age companies. The first choice, if one were to do a top-down approach on the IPOs, will be from the technology aspect. Are these companies going to transform themselves into new-age technology driven companies?
The other choice would depend on how sustainable would these companies’ prospects be in future. Remember we are still in the midst of the pandemic and many of the companies including those listed already are underperforming relative to their past performance on the revenue or the profitability front. Some of these companies, which are coming up for IPOs, do not necessarily have a comparative backdrop for investors to understand
Craftsman Automation saw good demand for its shares from the qualified institutional buyers.
Craftsman Automation share sale via initial public offering (IPO) was subscribed 3.81 times on the final day of subscription. Craftsman Automation received over 1.47 crore bids for its shares as against 38.69 lakh shares on the offer, data from the National Stock Exchange showed. A total of 51,21,100 bids were received at the cut off price, according to the NSE.
Craftsman Automation saw good demand for its shares from the qualified institutional buyers (QIBs) as the portion reserved for them was subscribed 4.91 times. Portions for retail and non-institutional investors were subscribed 1.68 and 1.37 times respectively.
IPO subscription updates: Laxmi Organics, Kalyan Jewellers and Craftsman Automation
Laxmi Organics IPO was subscribed 106.74 times on the third and last day of the bidding process on Wednesday. The issue received bids for 347.51 crore shares as of 5:00 pm, against a total offer of 3,25,58,138 shares
BusinessToday.In | March 18, 2021 | Updated 12:33 IST
The IPO of Craftsman Automation was subscribed 3.81 times on Wednesday, the last day of the bidding process. The issue received bids for 1.47 crore shares against the 38,69,714 shares on offer.
The initial public offer (IPO) of Laxmi Organics was subscribed 106.74 times on the third and last day of the bidding process on Wednesday. The issue received bids for 347.51 crore shares as of 5:00 pm, against a total offer of 3,25,58,138 shares.
Highlights
Offers to raise an estimated Rs 3,764 crore.
Shares of these companies will be listed on BSE and NSE.
New Delhi: Kalyan Jewellers India IPO opens for public subscription on Tuesday. The Rs 1,175-crore IPO of Kalyan Jewellers India Ltd comprises issuance of fresh equity aggregating up to Rs 800 crore and an offer for sale worth Rs 375 crore.
Kalyan Jewellers promoter T S Kalyanaraman would be offloading shares worth up to Rs 125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route. The company has set the price band at Rs 86-87 a share for the initial share-sale, which will conclude on March 18.