News

Date Heading Details
09-Jun-2021   17:32 Hrs IST Glenmark Life Sciences gets SEBI's go-ahead to raise funds via IPO <P align=justify>Glenmark Life Sciences has received the Securities and Exchange Board of India's (SEBI) approval to float an initial public offering (IPO). The company's IPO comprises fresh issue of up to Rs 1,160 crore and an offer for sale of up to 73,05,245 equity shares by Glenmark Pharmaceuticals. <P align=justify>The company, which filed the draft red herring prospectus with the SEBI in April, got the regulator's approval on June 6, 2021. Proceeds from the fresh issue worth Rs 900 crore will be used towards payment of outstanding purchase consideration to the promoter for the spin-off of the API business and around Rs 153 crore for funding the capital expenditure requirements. Goldman Sachs (India) Securities, SBI Capital Markets, Kotak Mahindra Capital Company, BofA Securities India, DAM Capital Advisors and BoB Capital Markets are the lead managers to the issue. <P align=justify>Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals, is a leading developer and manufacturer of select high value, non-commoditized active pharmaceutical ingredients (APIs) in chronic therapeutic areas, including cardiovascular disease, central nervous system disease, pain management and diabetes. The company also manufactures and sells APIs for gastro-intestinal disorders, anti-infectives and other therapeutic areas.<BR>
09-Jun-2021   17:20 Hrs IST Utkarsh Small Finance Bank gets SEBI's nod to float IPO <P align=justify>Utkarsh Small Finance Bank has received the Securities and Exchange Board of India's (SEBI) approval to float an initial public offering (IPO). The IPO of Utkarsh Small Finance Bank comprises fresh issue of equity shares worth Rs 750 crore and an offer for sale to the tune of Rs 600 crore by promoter Utkarsh Coreinvest. <P align=justify>The company, which filed the draft red herring prospectus with the SEBI in March, got the regulator's approval on June 3, 2020. The company would utilise proceeds from the fresh issue to augment tier 1 capital base to meet future capital requirements.<P align=justify>Utkarsh Small Finance Bank provides affordable banking services - loans, accounts, deposits and investments across India to fulfil your everyday needs.<BR>
17-May-2021   12:45 Hrs IST Supriya Lifescience files DRHP with SEBI for Rs 1,200 crore IPO
17-May-2021   12:42 Hrs IST Windlas Biotech files draft papers for IPO
17-May-2021   12:30 Hrs IST Krsnaa Diagnostics files IPO papers with SEBI
15-May-2021   09:02 Hrs IST Go Airlines files DRHP for IPO to raise up to Rs 3,600 crore
12-May-2021   10:00 Hrs IST Medi Assist Healthcare Services files IPO papers with SEBI
11-May-2021   10:27 Hrs IST Sona Comstar gets SEBI's nod to raise Rs 6,000 crore through IPO
10-May-2021   10:50 Hrs IST Fincare Small Finance Bank files with SEBI to raise Rs 1,330 crore through IPO
07-May-2021   10:14 Hrs IST Nuvoco Vistas Corporation files preliminary papers with SEBI to raise Rs 5,000 crore through IPO