Page 39 - Axis Capital News Today

The IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas, and investor Greater Pacific Capital will offload shares.

The Rs 960 crore initial public offering (IPO) of Muthoot Microfin is set to kick off on Monday, December 18, which comprises of a fresh share sale of Rs 760 crore.

Unlisted shares of Inox India are trading Rs 555 higher in the grey market, which was a 84.09 per cent listing gain from the public issue; InoxCVA IPO Closes Today: Should You Subscribe? Check GMP Today, Subscription Status

The microfinance firm aims to augment its capital base through the proceeds from the initial public offering. As per the RBI regulations, microfinance institutions are required to maintain a minimum capital adequacy of 15% consisting of tier-I capital and tier-II capital.

Against All Odds: The IT Story of India and Winning Middle India: The Story of India’s New-Age Entrepreneurs received the award

Muthoot Microfin Limited has set the Price Band of the Offer at Rs 277 to Rs 291 per Equity Share with face value of Rs 10.

Happy Forgings IPO: The anchor book issue saw participation from Morgan Stanley, Ashoka Whiteoak ICAV, Optimix Wholesale Global Emerging Markets Share Trust, Janchor Partners, and East Bridge Capital Master Fund.

Axis Capital wins spot in Sourcewell procurement pool with A&H offer

Get latest articles and stories on Latest News at LatestLY. Auto components maker Happy Forgings Ltd on Monday said it has mobilised Rs 303 crore from anchor investors ahead of its initial share-sale opening on Tuesday. Latest News | Happy Forgings Raises Rs 303 Cr from Anchor Investors.

In the six months ended September 2023 period, the companys revenue increased 72% year-on-year to Rs 1042 crore, while profit jumped multifold to Rs 205 crore