News

Date Heading Details
18-Feb-2021   17:27 Hrs IST Macrotech Developers files IPO papers with SEBI <P align=justify>Macrotech Developers (formerly Lodha Developers) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 2,500 crore through an initial public offering (IPO). The proceeds from the fundraise will be used for reduction of outstanding borrowings, acquisition of land or land development rights and general corporate purposes.<P align=justify>The company had filed its DRHP for the first time in September 2009, to raise about Rs 2,800 crore. It had received Sebi's nod in January 2010, but later shelved the plan due to unfavourable market conditions post the global financial crisis. In April 2018, the company again filed the DRHP and got SEBI's approval in July 2018 to launch its IPO to raise up to Rs 5,500 crore. However, the plan was shelved amid market turmoil.<P align=justify>The privately-held Lodha Group, which was founded in 1995 by Mangal Prabhat Lodha, is a leading player in the Indian real estate market. It has presence in Mumbai, Pune, and London.<BR>
17-Feb-2021   17:31 Hrs IST Heranba Industries to hit capital market on February 23 <p align="justify">Heranba Industries is coming out with an initial public offering (IPO) to raise around Rs 625 crore. The issue will open on February 23, 2021 and will close on February 25, 2021. It has fixed a price band of Rs 626-627 per share. The shares of the company are proposed to be listed on both BSE and NSE. </p><p align="justify">The funds raised through the IPO will be utilised to finance the company's working capital requirements and general corporate purposes. The Book Running Lead Managers to the IPO are Emkay Global Financial Services Ltd and Batlivala and Karani Securities India. </p><p align="justify">Heranba Industries is a Gujarat-based crop protection chemical manufacturer. It is one of the leading domestic producers of synthetic pyrethroids like cypermethrin, deltamethrin, lambda-cyhalothrin, etc. The company manufactures different types of pesticides including insecticides, fungicides, herbicides, and other pest control products.<br></p>
17-Feb-2021   17:26 Hrs IST Seven Islands Shipping files IPO papers with SEBI
16-Feb-2021   17:26 Hrs IST Arohan Financial Services files IPO papers with SEBI
12-Feb-2021   17:28 Hrs IST India Pesticides files IPO papers with SEBI
04-Feb-2021   15:53 Hrs IST
22-Jan-2021   09:41 Hrs IST Stove Kraft fixes price band of Rs 384-385 a share for IPO
19-Jan-2021   10:08 Hrs IST Gaming firm Nazara Technologies files preliminary papers with SEBI to float IPO
14-Jan-2021   10:02 Hrs IST IRFC fixes price band at Rs 25-Rs 26 per equity share for Rs 4,600 crore IPO
18-Dec-2020   17:21 Hrs IST Antony Waste Handling Cell to hit capital market on December 21