The three-day initial public offer (IPO) of Indian Railway Finance Corporation (IRFC) will open today, and will culminate on Wednesday, January 20. With an aim to raise approximately Rs 4,633.4 crore, at the upper end of the price band of Rs 25-26 apiece, the state-owned entity wishes to deploy the funds towards augmenting the company’s equity capital base to meet business future growth requirements; and towards meeting general corporate purposes. According to the offer, the government (which currently holds 100 per cent stake) will execute an offer for sale (OFS) for approximately 594 million shares worth Rs 1,480 crore. Post IPO, Centre s stake will come down to 86.4 per cent. Additionally, the issue comprises of fresh issue of 1,188 million shares, aggregating to around Rs 2,970 crore.
Antony Waste trapped in share market volatility yet again in 2020, IPO subscribed 9 times so far; gmp falls financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
T&T Securities and Exchange Commission
WE continue our three-part series on repo guidelines and focus our discussion this week, on Sections V to XIII of the Sales and Repurchase Agreement Guidelines. According to Section V of the repo guidelines, repo sellers must ensure that all collateral securities are either registered with the Commission, or registered in accordance with the securities laws or regulations of an Approved Foreign Jurisdiction. Additionally, collateral for Repo sales to Non-Institutional Investors or the individual/ordinary investor, should be restricted to the following:
a) Treasury Bills and Notes issued by the Government of Trinidad and Tobago (GORTT);
Antony Waste Handling Cell Limited received subscription of 3.85 times on Day 2
Posted On: 2020-12-22 09:20:11 (Time Zone: Arizona, USA)
The Initial Public Offering (IPO) of Antony Waste Handling Cell Limited has received total subscription of 3.85 times as on 22 Dec 2020 at 5 PM. The company has received bids for 25665478 equity shares against the offer of 6666342 shares.
The company has come out with an IPO of 6666342 equity shares at a price band of Rs. 313 to Rs. 315.
The issue has received bids for 24054694 equity shares from retail investors as against the offer of 3333171 shares resulting in a subscription of 7.22 times. Under the retail investors quota, bids for 18160894 equity shares were at cut-off price and balance 5893800 equity shares were price bids.