SEBI puts hold on Adani Wilmar’s Rs 4,500 crore IPO
The IPO was stalled due to an investigation that is pending against the port to energy entity of Adani group.
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The IPO was stalled due to an investigation that is pending against the port to energy entity of Adani group.
The company has reserved 75 per cent of the IPO for Qualified Institutional Buyers (QIBs),15 per cent for Non-Institutional Bidders, and the remaining 10 per cent for retail investors.
60 per cent of the FPO will be used mainly to pare Ruchi Soya’s debt, while 20 per cent will be used for working capital and another 20 per cent for general corporate use.
Ixigo is planning to Rs.1600 crore via the IPO. It will consist of a fresh issue of Rs. 750 crore and an offer for sale (OFS) of Rs. 850 crore.
The IPO will consist of a fresh issue of Rs. 600 crores and an offer for sale (OFS) of up to 2.19 million shares by its promoters and existing shareholders.
The IPO will consist of a fresh issue of ₹350 crores and an offer for sale (OFS) of up to 10.77 million shares by Mandala Swede SPV that holds a 6.16% stake in the firm.
. The market formulation has been changed by the company holders to gain liquidity and the expiring the contracts
Aditya Birla Sun Life AMC is a joint venture between Aditya Birla Group and Canada’s Sun Life Financial Inc.
Companies are now allowed to provide employee benefits based on shares.
The other proposed investors would be General Atlantic Singapore Fund FII Pte Ltd and Alpha Investments V Pte Ltd.
The 5000 crores IPO will open on August 9 and will close on August 11. Bidding for anchor investors will be open for a day on August 6.
PNB Housing Finance Limited is promoted by state-run Punjab National Bank.
Adani Wilmer aims to raise Rs 4500 crores via the IPO. According to DRHP, the company will use the proceeding for the expansion of existing manufacturing facilities.
The startup is seeking to raise Rs.525 crores through the IPO, while investors and promoters are planning to sell shares worth Rs 4.31 crores via offer for sales (OFS).
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