Online Share/Stock Trading & Investment Broker in India | mastertrust
Laxmi Goldorna House extends IPO closing date to April 3 due to lockdown
Type: NEWS
Date: 31-Mar-2020

Laxmi Goldorna House has extended its initial public offer (IPO) subscription deadline to April 3, 2020 from March 26, 2020 due to lockdown in all parts of India. The company is coming out with an IPO of 55,20,000 Equity Shares of face value of Rs 10 each for cash at a fixed price of Rs 15 per equity share.

The net proceeds from the fresh issue will be utilized toward meeting working capital requirement, meeting issue expenses and for general corporate purpose.

Laxmi Goldorna House is engaged in wholesale and retail trading of gold jewelry and ornaments. In 2017, it also started a real estate business. So, Laxmi Goldorna House is also engaged in the construction of commercial and residential Projects under real estate.

Park Hotels gets SEBI’s nod to raise Rs 1,000 crore via IPO
Type: NEWS
Date: 17-Mar-2020

Apeejay Surrendra Park Hotels has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise an estimated Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of up to Rs 400 crore and an offer-for-sale (OFS) of up to Rs 600 crore. The shares of the company are proposed to be listed on NSE and BSE.

The funds will be utilized towards repayment/prepayment of certain borrowings availed and for general corporate purposes. The book running lead managers to the issue are ICICI Securities, Axis Capital and JM Financial.

The company is part of the Apeejay Surrendra group, a leading Indian conglomerate. The group`s business is spread across industries such as hospitality, shipping, tea, real estate, retail brands such as Oxford bookstores, and education.

IRFC gets SEBI’s approval to raise funds via IPO
Type: NEWS
Date: 04-Mar-2020

Indian Railway Finance Corporation (IRFC) has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of 93.8 crore equity shares and an offer for sale of 46.9 crore equity shares by the Government of India. The shares of the company are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting the company`s equity capital base to meet future capital requirements arising out of growth in business and general corporate purposes. The book running lead managers to the issue are IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets.

IRFC was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter`s operations.

Home First Finance gets SEBI’s nod to raise Rs 1,500 crore through IPO
Type: NEWS
Date: 03-Mar-2020

Home First Finance company (HFFC) has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise Rs 1,500 crore through an Initial Public Offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.

The proceeds of the issue will be utilised towards augmenting its capital base to meet its future capital requirements, arising out of growth of its business and assets and to receive the benefits of listing of the equity shares on the stock exchanges. The book running lead managers to the issue are Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital Company.

HFFC is a Housing Finance Company in India which offers home loan with 48 hours sanctions and hassle-free process.

Equitas Small Finance Bank gets SEBI’s nod to float IPO
Type: NEWS
Date: 03-Mar-2020

Equitas Small Finance Bank has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The offer consists of a fresh equity worth Rs 550 crore and an offer for sale of 8 crore equity shares. The shares of the bank are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting Tier I capital base and to meet future capital requirements. The book running lead managers to the issue are JM Financial , Edelweiss Financial Services and IIFL Securities.

Equitas offers personalised services and helps finds the right product to suit individual banking requirements for their savings. 

Barbeque Nation files IPO draft papers with SEBI
Type: NEWS
Date: 18-Feb-2020

Barbeque Nation Hospitality, a casual dining restaurant chain, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,000-1,200 crore through an Initial Public Offering (IPO).

The funds will be utilised to repay an outstanding borrowing of Rs 205 crore in part or full and for general corporate purposes. The book running lead managers to the issue are IIFL Securities, Axis Capital, Ambit Capital and SBI Capital Markets.

Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, currently operating at 138 outlets across India and 7 outlets in the UAE, Oman and Malaysia.

SBI Cards gets SEBI’s approval to float IPO
Type: NEWS
Date: 12-Feb-2020

SBI Cards and Payment Services, the credit card arm of State Bank of India, has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO).

The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on February 11. SBI Cards intends to use the proceeds of the fresh issue for augmenting its capital base to meet future capital requirements. The book running lead managers to the issue are Kotak Mahindra Capital Company, Axis Capital, DSP Merrill Lynch, HSBC Securities and Capital Markets (India), Nomura Financial Advisory and Securities (India) and SBI Capital Markets.

SBI Cards & Payments Services is a payment solutions provider in India.

Burger King gets SEBI’s nod for IPO
Type: NEWS
Date: 29-Jan-2020

Burger King India has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The company’s shares are proposed to be listed on the BSE and NSE.

The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on January 24. Net proceeds from the fresh issue are proposed to be utilised for funding roll out of new company-owned Burger King Restaurants and general corporate purposes. The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial.

Burger King India operates as a restaurant. The company prepares and distributes ready to eat food products such as burgers, fries, and beverages. Burger King India serves customers in India.

IRFC files DRHP with SEBI for IPO
Type: NEWS
Date: 20-Jan-2020

Indian Railway Finance Corporation (IRFC) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting the company`s equity capital base to meet future capital requirements arising out of growth in business and general corporate purposes. The book running lead managers to the issue are IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets.

The company was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter`s operations.

CAMS files DRHP with SEBI for IPO
Type: NEWS
Date: 10-Jan-2020

Computer Age Management Services (CAMS), which is backed by Warburg Pincus and the NSE, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO) worth Rs 1,500-1,600 crore.

The IPO will see sale of 1,21,64,400 equity shares through offer- for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust. The book running lead managers to the issue are Kotak Mahindra Capital Company, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities (India).

CAMS is the largest registrar and transfer agent for MFs. It offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI sector, largely to the MF industry.

ALERTS
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