EAAA and SFC Environmental IPOs to open next week
EAAA's offer opens on October 26 and is entirely an offer for sale. SFC follows on October 27 with fresh equity and a shareholder sale.
Capital Markets
Market Infrastructure - Stock Exchanges, Clearing Corporations, Depositories
Financial Intermediaries - Investment Banks, Brokers and Dealers, Asset Management Companies (AMCs) & Mutual Funds, Wealth Managers & Private Banks, Registrar and Transfer Agents (RTAs)
Core Market Segments - Primary Market, Secondary Market, Equity Market, Debt / Bond Market, Derivatives Market
Four IPOs seek INR 1,507 crore, with 82 per cent earmarked for the companies
Adroit Industries, German Green Steel, Orient Cables and Runwal Enterprises plan overlapping September offers. Their announced structures allocate about INR 1,243 crore to fresh capital, while selling shareholders account for roughly INR 264 crore before offer expenses.
Four IPOs, one deadline: 71 per cent of September's issue money is going to the companies
Four issues are seeking about INR 1,680 crore before restated March accounts go stale on 30 September. Just over seven-tenths of it is fresh issue.
Sonaselection India opens a wholly fresh-issue IPO of about INR 142 crore
The Bhilwara fabric manufacturer opens on 17 September at INR 94 to 99 a share. The entire offer is fresh issue, with no selling shareholders at all.
Hero Motors seeks 73 times earnings on a three-year average return on net worth of 7.58 per cent
Hero Motors opens on 16 September at INR 79 to 84 a share, valuing it at INR 3,815 crore. Its fresh issue is down a quarter from its last draft.
Two IPOs open this week with 83 percent of the money going to the companies
Steamhouse India and Manika Plastech open within three days of each other. Between them, INR 445 crore of the INR 540 crore sought is fresh issue, an unusual split for a September window.
Three IPOs open on 9 September
Karamtara Engineering, Manipal Payment and Identity Solutions and Rentomojo all open Wednesday and close Friday. The shape of the three offers differs sharply in how much money reaches the companies.
Axis AMC absorbs Axis Securities' PMS business
Axis AMC has acquired the portfolio management services business of group entity Axis Securities, folding it into a new "Alternates by Axis AMC" platform