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Nirma group cement company Nuvoco Vistas Corporation Ltd IPO will open for subscription on Monday, 9 August, at a price band of Rs 560-570 per share of face value of Rs 10 each. The issue will close on Wednesday, 11 August. Nine years ago Nirma shares were delisted from exchanges. The Rs 5,000 crore public issue comprises a fresh issue of shares worth Rs 1,500 crore and an offer for sale (OFS) of Rs 3,500 Read More

Cosmetics retailer Nykaa has filed its draft red herring prospectus (DRHP) with capital market regulator SEBI to launch an IPO. The public issue comprises fresh issue of shares worth Rs 525 crore, while the promoters and investors will sell up to 4.31 crore equity shares via offer for sale (OFS). Selling shareholders include promoters Sanjay Nayar Family Trust, and investors such as TPG Growth IV, Lighthouse India Fund III, Lighthouse India III Employee Trust, Yogesh Read More

Rolex Rings, whose Rs 731-crore IPO got over 130 times subscription, is likely to finalise share allotment on Wednesday, 4 August 2021. The public issue was fully subscribed within minutes of opening. In the primary market, Rolex Rings shares were seen commanding a premium of Rs 515 over IPO price. Rolex Rings shares were trading at Rs 1,415, a premium of 57 per cent from the issue price in the grey market, according to the Read More

ACME Solar Holdings on Friday announced raising USD 334 million by issuing offshore green bonds. “12 projects of ACME Solar Holdings Private Ltd (ACME) today agreed to a debt investment of approx. USD 334 million, which will be funded by US dollar-denominated green bonds that were successfully priced today,” a company statement said. The bonds will be issued by an offshore company and proceeds will be used for subscription of non-convertible debentures issued by ACME’s Read More

Asian stock markets declined Wednesday after Wall Street pulled back from a record as investors awaited a Federal Reserve report for signs of when US stimulus might be withdrawn. Investors also were uncertain how much farther China will go with a regulatory crackdown that set off a slide in its internet share prices. Shanghai, Tokyo and Sydney retreated while Hong Kong advanced. Investors were digesting US earnings reports while worries increased after the Centers for Read More