
Avalon Tech sets price band at ₹415-436 per share for its ₹865 cr IPO
The ₹865 crore IPO of Avalon Technologies will open on April 3, which comprises fresh issue of equity shares worth ₹320 crore and an offer for sale aggregating up to ₹545 crore.
The ₹865 crore IPO of Avalon Technologies will open on April 3, which comprises fresh issue of equity shares worth ₹320 crore and an offer for sale aggregating up to ₹545 crore.
The company aims to raise up to ₹180 crore through issue of fresh equity shares and up to ₹232 crore via offer for sale by promoters and existing shareholders.
SEBI released a consultation paper regarding changes that can be incorporated into the ICDR regulations with the objective of increasing transparency among listed entities.
The highest number of IPO listings in November coincidentally aligns with strong rally in secondary market as the BSE Sensex and NSE Nifty touched their respective fresh all-time highs.
Through the public issue, the real estate company is planning to raise ₹635 crore. The offer comprises an offer for sale of ₹75 crore and a fresh issuance of shares worth $560 crore.
INOX Green Energy, Ixigo, Uniparts, Medanta Hospital, Navi Technologies, Senco Gold, and Signature Global are likely to raise around ₹10,215 cr collectively via IPO route.
Bogus applications in LIC, Delhivery, Prudent Corporate Advisory, and Venus Pipes and Tubes range between 30% and 70%, creating an impression of high demand.
eMudhra's IPO issue has been subscribed around 0.40 times on the first day so far, with the retail individual investors' quota booked 0.78 times.
IPO-bound Indian companies are shying away from launching issues on the back of feeble investment climate.
The government is hopeful that the initial public offering (IPO) of the Life Insurance Corporation (LIC) will be launched soon.