IPO updates: Premier Energies, Sanathan Textiles file DRHP; look to raise around ₹2,300 cr
Solar module manufacturer Premier Energies plans to raise more than ₹1,500 crore via IPO, while yarn manufacturer Sanathan Textiles eyes to raise ₹800 crore.
Solar module manufacturer Premier Energies plans to raise more than ₹1,500 crore via IPO, while yarn manufacturer Sanathan Textiles eyes to raise ₹800 crore.
Among main board IPOs, the public issue of ₹4,326 crore by Mankind Pharma was the largest in FY24, followed by Tata Tech (₹3,043 cr) and JSW Infra (₹2,800 cr).
The board of NHPC will meet on March 27 to consider the proposal for raising of debt during financial years 2023-24 and 2024-25.
The teleco’s board will meet on February 27, 2024, to consider and evaluate proposals for raising of funds in one or more tranches via equity or debt instruments.
10.15 crore equity shares of Indian Bank, allotted to qualified institutional buyers (QIBs), got listed on the stock exchanges today.
Adani Cement, through Endeavour Trade and Investment, has signed agreements with international banks to refinance $3.5 billion debt taken for acquisition of Ambuja Cements and ACC last year
The IPOs of all three companies are a mixture of a fresh issue of equity shares and an offer for sale by existing shareholders.
The issue comprises 2 crore non‐convertible debentures of face value of ₹1,000 each, aggregating up to ₹2,000 crore.
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
The IPO comprises fresh issue of equity shares worth ₹180 crore and an OFS of 1.72 crore equity shares worth ₹1,784 crore by TPG and promoters.