PUBLIC EQUITY

Gaja Capital-backed CL Educate’s IPO covered 77% on second day

March 21, 2017 | Ankit Doshi

The initial public offering of education services company CL Educate Ltd, which is backed by private equity firm Gaja Capital, was covered 77% on the second day of the issue on Tuesday.

D-Mart shares soar 114% in best trading debut in nearly a decade

March 21, 2017 | Ankit Doshi

Avenue Supermarts Ltd, operator of hypermarket chain D-Mart, made the best stock market debut in almost a decade on Tuesday as its shares more than doubled thanks to heavy demand from investors.

Four Seasons Residency withdraws IPO plan

March 20, 2017 | Ankit Doshi

Ahmedabad-based hospitality firm Four Seasons Residency Ltd has withdrawn its plan for an initial public offering, less than a month after filing draft papers for the share sale.

India stocks fall; Idea Cellular plunges after Vodafone deal

March 20, 2017 | Reuters

Indian shares snapped a two-session winning streak to end lower on Monday as software service exporters took a hit on concerns over a stronger rupee, and as investors took a breather after the NSE Nifty hit a record high last week.

Gaja Capital-backed CL Educate’s IPO covered 36% on first day

March 20, 2017 | Ankit Doshi

The initial public offering of education services company CL Educate Ltd, which is backed by private equity firm Gaja Capital, crossed the one-third mark on the first day of the issue on Monday.

QIPs back in vogue after a lull

March 20, 2017 | Ankit Doshi

An increasing number of listed companies in India, especially public sector banks, are back in the market to raise fresh equity through the qualified institutional placement (QIP) route.

Gaja Capital-backed CL Educate raises $10.95 mn from anchor investors ahead of IPO

March 18, 2017 | Ankit Doshi

New Delhi-headquartered education services company, CL Educate Ltd on Friday raised Rs 71.68 crore ($10.95 million) through sale of shares via anchor allotment ahead of its three-day initial public offering (IPO) that begins Monday.

Bullish investors drive Nifty to record high

March 17, 2017 | Reuters

India's broader NSE stock index hit a record high on Friday, as bets on improving earnings and additional economic reforms are fuelling a rally that investors believe will lead equity returns to outpace debt for the first time in two years.

FM radio operator Music Broadcast trims gains after strong market debut

March 17, 2017 | Ankit Doshi

Music Broadcast Ltd, which runs FM radio channel Radio City, made a strong debut on the stock markets on Friday with its shares listing at a 26% premium to their issue price but pared gains subsequently.

Reliance Infra to raise up to $306 mn via institutional share sale

March 16, 2017 | Ankit Doshi

Anil Ambani-led Reliance Infrastructure Ltd on Thursday approved raising as much as Rs 2,000 crore ($306 million) through a private placement of shares to institutional investors.

Fairwinds PE-backed Shankara eyes $160 mn valuation in IPO

March 15, 2017 | Ankit Doshi

Fairwinds Private Equity-backed Shankara Building Products Ltd is seeking a valuation of Rs 1,050 crore ($160 million) in its initial public offering (IPO) that begins next week.

Gaja Capital-backed CL Educate eyes $107 mn valuation in IPO

March 14, 2017 | Ankit Doshi

New Delhi-headquartered education services company, CL Educate Ltd, is seeking a valuation of Rs 708.84 crore ($107.11 million) through an initial public offering that opens next week.

Gitanjali Gems unit Nakshatra files for IPO

March 10, 2017 | Ankit Doshi

Diamond jewellery maker Nakshatra World Ltd, which is owned by Mumbai-based Gitanjali Gems Ltd, on Friday filed a draft red herring prospectus with capital markets regulator Securities and Exchange Board of India for an initial public offering.

D-Mart IPO subscribed 105 times on final day

March 10, 2017 | Ankit Doshi

Avenue Supermarts Ltd, which runs hypermarkets under the D-Mart brand, received humongous investor turnout on the final day of its initial public offering on Friday.

D-Mart IPO covered 5.7 times on second day

March 09, 2017 | Ankit Doshi

Avenue Supermarts Ltd, which runs hypermarkets under the D-Mart brand, continued to see strong demand for its shares on the second day of its initial public offering on Thursday.

Music Broadcast IPO subscribed over 39 times

March 08, 2017 | Ankit Doshi

The initial public offering (IPO) of Music Broadcast Ltd, which runs FM radio channel Radio City, was subscribed more than 39 times at the end bidding on Wednesday, with investors continuing to lap up the stock.

D-Mart IPO fully subscribed on day one on record demand

March 08, 2017 | Ankit Doshi

The initial public offering of Avenue Supermarts Ltd sailed through on the first day of the issue on Wednesday thanks to record demand from investors looking to bet on the company that runs hypermarkets under the D-Mart brand.

Exclusive: CX Partners-backed Barbeque Nation appoints merchant bankers for IPO

March 08, 2017 | Ankit Doshi & Bruhadeeswaran R

CX Partners-backed casual dining chain Barbeque Nation Hospitality Ltd (BNHL) has appointed merchant bankers for an initial public offering (IPO) which will make the Bengaluru-headquartered company the first restaurant firm to float a public issue in more than five years, two persons aware of the

General Atlantic, GIC among D-Mart anchor investors

March 07, 2017 | Ankit Doshi

Private equity firm General Atlantic and Singapore’s sovereign wealth fund GIC Pte Ltd are among the anchor investors that have bet on Avenue Supermarts Ltd, which runs hypermarkets under the D-Mart brand, ahead of its initial public offering.

Publishing house S Chand gets SEBI nod for IPO

March 07, 2017 | Ankit Doshi

Education-focused publishing house S Chand & Company Ltd has received regulatory clearance for an initial public offering (IPO) from the Securities and Exchange Board of India (SEBI).

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