Page 81 - Macrotech Developers News Today

Shriram Properties IPO: The Bangalore-based realty developer's Rs 800 crore initial public offering will include a fresh issue of shares worth Rs 250 crore and an offer for sale of up to Rs 550 crore by existing promoters

Shriram Properties to raise Rs 800 crore through IPO © Provided by The Times of India BENGALURU: Shriram Properties has filed a draft herring red prospectus (DRHP) to raise about Rs 800 crore as part of an IPO, two years after an attempt to go public failed due to choppy market conditions. The offer comprises of fresh issue of shares of Rs 250 crore and an offer for sale by existing shareholders and promoters. The proceeds from the fresh issue will be used for repayment of debt. The offer fo...

Shriram Properties files draft papers with Sebi to launch Rs 800 crore IPO PTI New Delhi | Updated on April 10, 2021 × Shriram Properties proposes to utilise the net proceeds from the fresh issue towards repayment and/ or pre-payment of debt and general corporate purposes. Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herri...

Shriram Properties files draft papers for Rs 800 crore IPO Shriram Properties has proposed partial exits to its four existing investors -- TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company PTI | April 10, 2021 | Updated 22:54 IST Bengaluru-based Shriram Properties has filed a Draft Red Herring Prospectus (DRHP) with the market regulator to raise up to Rs 800 crore through an Initial Public Offer (IPO). Out of the total I...

According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday. As per DRHP, the company proposes to raise up to Rs 800 crore through IPO. Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale. Shriram Properties has proposed partial exits to its four existing investors --TPG Capital,Tata Capital, Walton Street Capital and Starwood Capital -- which hold around 58 per cent stake i...

: Saturday, April 10, 2021, 12:37 PM IST After Macrotech Developers IPO, real estate firm Shriram Properties files draft papers to raise Rs 800 crore via IPO Anupam Rasayan raised Rs 225 crore from 15 anchor investors: Know about the company before investing in its IPO Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herring pr...

Macrotech Developers IPO: Share allotment liked to be finalised next week After allotment of shares on April 16, the equity shares will be credited to investors demat accounts on April 20, and the stock will be listed on the stock exchanges on April 22 BusinessToday.In | April 10, 2021 | Updated 21:17 IST Macrotech Developers, formerly known as Lodha Developers, is expected to finalise the share allotment of its initial public offer (IPO) next week. The issue opened on April 7 and closed on Ap...

NEW DELHI: The Rs 2,500 crore IPO of Macrotech Developers (erstwhile Lodha Developers) saw tepid demand and was subscribed only 35 per cent till mid-morning on Day 3 of the bidding process on Friday. At 10.30 am, the issue attracted bids for 1,26,56,070 shares against the issue size of 3,64,18,219 shares. Uncertainty surrounding the Covid second wave has spooked investor sentiment in the secondary market in recent weeks. That, market watchers say, is having a bearing on the response to this IPO...

Select banks weigh on Dalal Street; FMCG stocks rise The Nifty Bank traded 0.54% lower in early deals, while the Nifty Financial Services and Nifty Private Bank indices traded 0.43% and 0.61% lower, respectively. The Nifty PSU Bank gauge, however, jumped 2.40%. All other sectoral gauges on NSE traded higher at the time, with the Nifty FMCG barometer up 1.12%. 09:38 AM Bajaj Finance, L&T, ICICI Bank, Kotak Mahindra Bank top Sensex laggards On the other hand, HUL, Sun Pharma, ITC and Power Grid r...

At 7.40 am, SGX Nifty was ruling 15 points lower at 14,931. India in the last 24 hours reported the highest single-day spike of 1.31 lakh new Covid-19 cases. In the last four of the five days this week, India has reported cases of over 1 lakh. This comes at a time when several states are flagging vaccine shortages, risking the pace of Indias inoculation programme. Taking stock of the Covid situation, Prime Minister Narendra Modi on Thursday urged state governments to test more even if that m...