Stove Kraft IPO opens on Jan 25
January 21, 2021
The company is looking to raise ₹412.65 crore at the upper band
Sequoia Capital-backed kitchen appliances manufacturer Stove Kraft Ltd has fixed a price band of ₹384-385 per share for its Initial Public Offering (IPO), which opens on on Monday. The Benguluru-based company is looking to raise ₹412.65 crore at the upper band, and ₹411.82 crore at the lower price band.
The IPO comprises a fresh issue of ₹95 crore and an Offer For Sale of upto 82.50 lakh shares, including 6.9 lakh shares by promoter Rajendra Gandhi and up to 59,300 shares by another promoter Sunita Rajendra Gandhi. Sequoia Capital India Growth Investment Holdings-I would also tender up to 14.92 lakh shares and up to 60.07 lakh by SCI Growth Investments II.
Edelweiss Financial announces Rs 200 cr public issue indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.
Edelweiss Financial Services announces ₹ 200 crore Public Issue of Secured Redeemable NCDs
Posted On: 2020-12-20 23:47:50 (Time Zone: Arizona, USA)
Edelweiss Financial Services Limited (EFSL), the parent arm of the Edelweiss Group, today announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of a face value of ₹1,000 each, amounting to ₹ 100 crores ( Base Issue ), with an option to retain over-subscription up to ₹ 100 crores aggregating to a total of ₹ 200 crores ( Issue ).
The NCDs offer an effective yield (cumulative) of 9.95% p.a. for 120 months tenure, 9.35% p.a. for 36 months tenure and up to 9.80% p.a. for 60 months tenure. 75% of the funds raised through this Issue will be used for the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Is
Edelweiss Financial announces Rs 200 cr public issue of secured redeemable NCDs ANI | Updated: Dec 21, 2020 12:53 IST
Mumbai (Maharashtra) [India], December 21 (ANI): Edelweiss Financial Services Ltd on Monday announced the public issue of secured redeemable non-convertible debentures (NCDs) of a face value of Rs 1,000 each amounting to Rs 100 crore with an option to retain over-subscription up to Rs 100 crore aggregating to a total of Rs 200 crore.
The NCDs offer a cumulative yield of 9.95 per cent per annum for 120 months tenure, 9.35 per cent per annum for 36 months tenure and up to 9.8 per cent per annum for 60 months tenure.
About 75 per cent of the funds raised through the issue will be used for repayment and prepayment of interest and principal of existing borrowings of the company.