Government to sell up to 3% stake in Indian Overseas Bank through OFS and sets floor price at Rs 34/share

The Center will divest up to 3% stake in Indian Overseas Bank (IOB) through an offer for sale (OFS) starting on Wednesday, December 17. The government plans to offload a stake of up to 2%, or 38,51,31,796 shares, through the non-retail period on Wednesday.The OFS will open to retail investors on Thursday, December 18, with […]

Capillary Technologies raises Rs 394 cr from anchor investors ahead of IPO; Ravi Dharamshi’s Valuequest, Amundi among major financiers

Capillary Technologies India has raised Rs 394 crore from a group of anchor investors ahead of its initial public offering (IPO), which opens for subscription on Friday, November 14. Ravi Dharamshi-backed Valuequest, French asset management firm Amundi and HSBC are some of the major investors who have received the allocations.The software product company allotted 68.28 […]

Gem Aromatics collects RS 135 Crore from Anker investors prior to IPO

Gem Aromatics, a manufacturer of specialist ingredients, mobilized on Monday about RS 135 crore from Ankerbeggers, prior to the opening of the public offer (IPO) for subscription. Some of the institutions that participated in the Ankerronde includes Citigroup Global, Societe Generale, Goldman Sachs, Nippon India Mutual Fund, Sageone, Nuvama and Niveshaay Sambhav Fund, according to […]

Bluestone Jewelry IPO subscribed 39% to day 1. Check details

The initial public offer of Bluestone Jewelery and Lifestyle LTD, which offers contemporary jewelry under the flagship brand ‘Bluestone’, was subscribed to the first day of the subscription on Monday. The three -day IPO received bids for 63.89,570 shares against 1.65.14,421 shares that are offered, according to data available at the NSE. Qualified Institutional Buyers […]