Our companies set to make D-street debut this week
The buzz in the IPO ket continues with four panies launching their inishare sales this week to over ₹14,628 crore collecy. is comes after four compa—devyani International, aa Diagnostics, Windlas ech and Exxaro Tiles— ched their initial shares last week to mobilize 14 crore.
far in the current fiscal, 16 panies have raised ₹30,666 e through initial public ings (IPO) against ₹31,277 e by 30 firms in the entire said that as many as 40 IPOS are lined up for the rest of the year looking to raise ing Finance and Chemplast Sanmar will be open for public subscription on Tuesday, informamanagement, stakes in the IPOS.
Cement manufacturer Nuvoco Vistas’ IPO comprises fresh issue of shares worth ₹1,500 crore and an offer for sale of ₹3,500 crore by promoter Niyogi Enterprise.
The public issue, with a price band of ₹560-570 a share will open for public subscription on August 9 and conclude on August 11.
Proceeds of the fresh issue will be used for the repayment of certain loans availed the company and general corporate purpose.
Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 22.32 MMTPA. It has 11 cement plants compris
Cartrade Tech’s initial sharesale will be entirely an offer for sale (OFS) of 18,532,216 equity shares.
Among the investors participating in the OFS ARE—CMDB II (22.64 lakh equity shares), Highdell Investment Ltd (84.09 lakh shares), Macritchie Investments Pte Ltd (50.76 lakh shares), Springfield Venture International (17.65 lakh shares).
Currently, CMDB II holds 11.93 per cent stake in Cartrade, Highdell Investment owns 34.44% stake, Macritche Investment has 26.48% shareholding and Springfield Venture International holds 7.09% stake in the company.
The company has fixed a