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Suraj Estate Developers IPO: At the BSE, the stock made its debut at Rs 343.80, a discount of 4.5 per cent from the issue price. During the day, shares of the company plunged 10 per cent to Rs 323.95 before settling at Rs 334.30, down by 7.13 per cent.
Suraj Estate Developers IPO: The portion for Retail Individual Investors (RIIs) got subscribed 1.23 times while the quota for non-institutional investors received 28 per cent subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 12 per cent.
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.
India Business News: The Securities and Exchange Board of India (Sebi) has given approval to four companies to raise funds through initial public offerings (IPOs). Fedbank
New Delhi, Mar 7: Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO). The funds will be raised through fresh issuance of equity shares, the draft red herring prospectus (DRHP) filed with Sebi showed on Monday. Funds to the tune of Rs 315 crore will be used for payment of the borrowings of the company and its subsidiaries — Accord Estates, Iconic Property Developers and Skyline […]