Sahajanand Medical Technologies (SMT) Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (Sebi) to raise funds via an Initial Public Offering (IPO) route. The IPO, with a face value of Re 1, is entirely an offer-for-sale (OFS) up to 27,644,231 equity shares by promoters,…
Tata Capital, a subsidiary of Tata Sons, is likely a step closer to launching its ₹17,200 crore initial public offering (IPO). Market regulator Securities and Exchange Board of India (Sebi) has cleared the non-banking financial company’s draft papers for the public issue, which were filed through the confidential route, said two people familiar with the…
Scoda Tubes IPO:Â The initial public offering (IPO) of Scoda Tubes, a stainless-steel tubes and pipes maker, has been subscribed to 8.11 times so far on the second day of the bidding process on Thursday, May 29. Category-wise subscription status On Thursday, an overall subscription is at 9,61,29,600 shares against 1,18,46,169 shares on offer, according to…
ET Intelligence Group: Schloss Bangalore (Leela Hotels), a pure-play luxury hospitality chain in India, plans to raise ₹2,500 crore through an issue of fresh shares to repay debt and ₹1,000 crore through an offer for sale. The promoter group’s stake will fall to 75.9% after the initial public offering from 100%. The company owns and…
Pune-based manufacturer of magnet winding wires KSH International has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 745 crore through Initial Public Offering (IPO). About KSH International IPO The IPO is a mix of fresh issue of shares worth up to…