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Investors who bid for Macrotech Developers’ shares during the book-building process of the initial public offerings (IPO) may face some disappointment on Monday
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Macrotech Developers, which recently concluded its Rs 2,500-crore initial public offering, will make its debut on the stock exchanges on April 19, Monday
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In the fiscal, 21 rights issues were successfully completed as against 17 in the previous year
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Robust retail participation in IPOs and huge listing gains were among the major highlights of the previous financial year
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The issue will be a complete offer for sale of 1,15,08,704 equity shares of face value of Rs 5 each by promoter and investor selling shareholders.
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The repayment of debt will result in significant savings in the finance cost.
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The initial public offer by Macrotech Developers got fully subscribed on the last day of the bidding process on Friday.
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Ace investor Rakesh Jhunjhunwala has subscribed to Macrotech Developers IPO on the first day of public offer on April 7
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The Rs 2,500-crore Macrotech Developers IPO received bids for 1,26,56,070 shares against 3,64,18,219 shares on offer
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The Clean Science IPO is entirely an offer for sale by existing promoters and other shareholders, according to draft red herring prospectus