Go Airlines also plans to raise up to Rs 1,500 crore by way of a pre-IPO placement
"We are not a bank but we operate on a core banking system, which enables us to manage all our customer transactions seamlessly"
The price band for Gujarat based company has been fixed at Rs 603-610 per share. Investors can bid for a minimum of 24 equity shares and in multiples.
From its privatisation programme in the current fiscal year, the government is planning to raise Rs 1.75 trillion
Unlike the mad rush witnessed in the past few months, the response for IPOs in August was subdued especially from retail investors who were selective.
After raising Rs 100 crore in a pre-IPO placement, the company has reduced its fresh issue size to Rs 200 crore from Rs 300 crore
The stock market is trading at record levels and hence the listing day gain is luring the investors in the IPOs.
Aptus Value Housing Finance: On BSE, shares of the company opened at Rs 329.95 which was 6.52% below the issue price of Rs 353.
ICICI Securities sees 46% and 33% annualised revenue growth over the next 5 and 10 years.
Shares of the Chemplast Sanmar are quoting at a premium of Rs 12 over its issue price of Rs 541 per share.