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The IPO is being sold in the Rs 86-90 price band. Since the largest franchisee of KFC, Pizza Hut, and Costa Coffee is a loss-making firm, analysts are valuing it on metrics such as EV/Ebitda and EV/sales, and largely have a subscribe rating on the issue.
PowerGrid InvIT IPO to open on April 29; price band fixed at Rs 99-100 The company informed that the net proceeds from the offer will be utilised towards providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, and for general purposes BusinessToday.In | April 27, 2021 | Updated 15:11 IST The price band for the share sale has been fixed at Rs 99-100 per unit The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust, owned by state-run Power Grid Corporation of India, will open for subscription on April 29. The ...
Five numbers that you need to track this week Premium All eyes will be on the MPC meeting of the Reserve Bank of India which will determine the policy rate. Figures for manufacturing PMI, auto sales, mutual fund inflows, and subscription numbers for a real estate IPO will be other key metrics to track this week Share Via Read Full Story In a world dominated by high-frequency data, some numbers still matter more than others. At the start of every week, Mint’s Plain Facts section will now feature five key data releases that you must keep an eye on—data that help you make sense of where the ...
The initial public offering (IPO) by MTAR Technologies, a precision engineering company, is set to hit the primary market on Wednesday, March 3. The company that manufactures critical and differentiated engineered products, primarily serves customers in the nuclear, space and defence, and clean energy sectors. The company looks to raise up to Rs 596.41 crore via a combination of fresh issue of shares worth Rs 123.51 crore and an offer for sale of Rs 472.90 crore. The IPO is slated to run between March 3-5 with a price band of Rs 574- 575 per share. MTAR plans to utilise the money raised for...
Synopsis The issue received applications for 60,59,44,400 units by 5:00 pm. The quota reserved for retail and corporate investors was subscribed 11.7 times, while institutional investors bid 4.78 times the reserved units. Agencies The low turnout by institutional investors is in line with usual trends as they usually bid for any IPO on the last day. The Brookfields REIT issue, which is the third ever REIT to be launched in India, is set to close on Friday. NEW DELHI: The initial public offer (IPO) of Brookfield India Real Estate Trust was subscribed 7.9 times on the final day of the bidding p...