Nazara Technology IPO: Today the IPO of Sunrise Small Finance Bank and gaming company Nazara Technologies is opening. This IPO will close on March 19..
The IPO of Suryoday Small Finance Bank will open today and will close on March 19. Prior to the initial public offering (IPO), the bank has raised more than Rs 170 crore from the anchor. The initial public issue (IPO) committee of the company decided to issue 55,77,920 shares to 13 large investors at a price of Rs 305. This allocation is of Rs 170.12 crore. The application price range for this IPO is 303-305 rupees per share.
583 crore IPO of gaming company Nazara Technologies is also opening today. The price band of the IPO has been fixed at Rs 1,100-11,01 per share. The IPO will close on March 19. Veteran investor Rakesh Jhunjhunwala has a large stake in this company. As of 30 December 2020, Rakesh Jhunjhunwala had 3,294,310 shares or 11.51 per cent stake in the company. Games on the company’s World Cricket Championship, Chhota Bheem and Motu Patlu series are very popular. Under the IPO of Najara, 52,94,392 shares will be sold by the promoters and existing shareholders. Shares up to 2 crore rupees have been reserved for the employees of the company.
Kalyan Jewelers gets 60% subscription on day one
On the other hand, Kalyan Jewelers India’s initial public offering (IPO) got 60 per cent subscription on the first day on Tuesday. As per NSE data, the issue received bids for 5,72,26,464 shares against the offer of 9,57,09,301 shares. The non-institutional investors category received 20 per cent subscription, while the retail individual investors (RII) category got 1.10 times subscriptions. The total size of the IPO is Rs 1,175 crore and includes new shares worth Rs 800 crore. The scope of the application price in this IPO has been kept at Rs 86-87 per share. Kalyan Jewelers India Limited raised Rs 352 crore from anchor investors on Monday.
Anupam Rasay got 44 times subscription
The initial public offering (IPO) of Anupam Chemicals India Ltd., a company that deals in specialty chemicals, received a total subscription of 44.06 times till the last day on Tuesday. According to information received from the National Stock Exchange, the issue has demanded 42,74,80,578 crore shares, while the company offered 97,01,809 shares.
This IPO is worth 760 crores
This IPO is worth 760 crores. It was subscribed 65.74 times in the category of eligible institutional investors, 97.42 times in the category of non-institutional investors and 10.77 times in the retail investors category. Earlier, the company raised Rs 225 crore from anchor investors on Wednesday. The application price in this IPO was kept at Rs 553-555 per share. The company has been operating since 1984 and mainly produces chemicals in agriculture, beauty ingredients and medicines.
