Initially, the firm had fixed Friday, May 5 to Tuesday, for taking subscription. Post listing, it may fetch the first mover fancy in the segment," advises the contributing editor at .Īlso Read: Mint Explainer: Why Blackstone’s maiden retail REIT in India mattersĪuro Impex and Chemicals SME IPO will start accepting subscriptions on Thursday, May 11 and end on Monday, May 15. Investors looking for steady returns coupled with appreciation on residual holdings year after year may park funds for medium to long-term rewards. “Though this is the 4th REIT issue since March 2019, it is the first mover in the retail consumption space and has also opted for an investor-friendly gesture of low pricing and convenient minimum lot. Three REITs are currently listed on stock exchanges, and all three are backed by office assets. In India, this is the first REIT retail asset offering. Institutional investors will receive about 75% of the IPO. Investors may make bids for 150 units and multiples of that. At the upper price range of 100, the IPO is worth ₹3,200 crore. The size had been suggested to raise ₹4,000 crore, however it has been reduced down. The IPO consists of a fresh issue for ₹1,400 crore and an offer for sale (OFS) for up to ₹1,800 crore. On Friday, May 19, the stock will begin trading on domestic exchanges. On Monday, May 8, the bidding for anchor investors will begin, and on Tuesday, May 16, the allocation's basis will be finalised. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share. The IPO of Blackstone's Nexus Select Trust REIT Ltd will start accepting subscriptions on Tuesday, May 9 and end on Thursday, May 11. Investors looking to make investment in the immediate future can check the details out of the two upcoming IPOs - Nexus Select Trust REIT and Auro Impex & Chemicals Ltd. The research states that in terms of proceeds, the Divgi TorqTransfer Systems Pvt Ltd IPO, which raised $50 million, was the most successful IPO during Q1 CY2023. In India, there is a healthy pipeline for initial public offers (IPOs) in the second half of calendar year (CY) 2023 and beyond, according to the most recent report from multinational professional services partnership firm Ernst & Young (EY). SME can raise money and list at the market using the BSE SME and NSE Emerge platform. Companies can participate in the SME IPO with a minimum post-issue capital of ₹1 crore and a maximum of ₹25 crores.
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