Nuvoco Vistas IPO: On Wednesday, qualified institutional buyers showed greater interest as the portion reserved for them was subscribed 4.23 times -the highest among the three groups of investors.
India s continued IPO frenzy to see four more firms launch share sale this week dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
The ₹1,838-crore issue of Devyani International, the operator of quick-service restaurants (QSRs) such as KFC, Costa Coffee and Pizza Hut, was subscribed 117 times on the final day, generating demand of ₹1.18 lakh crore.
India: Nuvoco Vistas fixes IPO price band at $77m per share
August 4, 2021
Nirma Group’s cement company, Nuvoco Vistas Corp. Ltd, has fixed its initial public offering (IPO) price at ₹560-570 a share. Earlier the firm said its issue will open on 9 August and close on 11 August.
The IPO will comprise a fresh issue of ₹1,500 crore and an offer for sale of ₹3,500 crore by its promoter entity Niyogi Enterprise Pvt. Ltd. Niyogi Enterprises holds 86.56% stake in the company.
The proceeds from the fresh issue of shares will be used for repayment in full or part of certain borrowings availed by the company.
It s raining IPOs! Watch out for these 11 public issues this month businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.