Tag: ICICI Securities

IndustryLatest Stories

Runwal Realty Files DRHP for ₹2,000-Crore IPO

Real estate developer Runwal Realty is aiming to raise up to ₹2,000 crore through an Initial Public Offer (IPO) of its equity shares and has submitted its draft red herring prospectus for this venture. The capital raise will include a fresh issue up to ₹1,700 crore and an offer for sale of up to ₹300 crore. The Mumbai-based company might also pursue a pre-IPO placement totaling up to ₹340 crore, which, if executed, will be capped at 20% of the fresh issue size, as stated in the draft prospectus filed on Wednesday. Runwal Realty plans to use the proceeds from…

CommercialLatest Stories

IndiQube Spaces IPO Oversubscribed 12.33x on Closing Day

NEW DELHI: IndiQube Spaces Ltd’s initial public offering (IPO) was subscribed 12.33 times by the close of bidding on Friday. The IPO received bids for 21,14,96,292 shares, significantly surpassing the 1,71,48,335 shares available, as reported by NSE data. The portion for Qualified Institutional Buyers (QIBs) saw a subscription rate of 14.35 times, while Retail Individual Investors (RIIs) subscribed 12.55 times. The Non-Institutional Investors category saw a subscription rate of 8.24 times. On Tuesday, IndiQube Spaces announced that it raised over ₹314 crores from anchor investors. The Bengaluru-based firm’s ₹700-crore IPO features a price band of ₹225-237 per share, putting its…

CommercialLatest Stories

Indiqube Spaces IPO Sees 87% Subscription on Day 1

NEW DELHI: The workplace solutions provider, IndiQube Spaces Ltd, saw an 87% subscription rate on its initial public offer (IPO) during the first day of bidding on Wednesday. According to NSE data, the IPO attracted bids for 1,50,00,111 shares against the 1,71,48,335 shares available. The portion for Retail Individual Investors (RIIs) was subscribed 3.41 times, while the subscription for non-institutional investors reached 78%. The quota allocated to Qualified Institutional Buyers (QIBs) saw a 6% subscription. On Tuesday, IndiQube announced that it had raised over Rs 314 crore from anchor investors. The Rs 700-crore IPO will conclude on July 25, with…

CommercialLatest Stories

IndiQube Spaces Secures ₹314 Crore from Anchors Before IPO

NEW DELHI: IndiQube Spaces, a managed workspace solutions provider, has secured over ₹314.32 crore from anchor investors ahead of its initial public offering, with shares priced at ₹237 each, as reported in an exchange filing. Key investors include Aditya Birla Sun Life MF, Ashoka WhiteOak ICAV, Invesco India ELSS Tax Saver Fund, Motilal Oswal Large Cap Fund, Bandhan Large & Mid Cap Fund, along with others like Max New York Life Insurance, Edelweiss MF, and Citigroup Global Markets Mauritius. Of the 13.26 million equity shares allocated to anchor investors, 8.93 million shares (67.35%) went to eight domestic mutual funds covering…

CommercialLatest Stories

IndiQube Spaces’ ₹700-crore IPO Launching July 23

NEW DELHI: IndiQube Spaces, a workplace solutions provider, has set a price range of Rs 225 to Rs 237 per share for its Rs 700-crore initial public offering (IPO). The IPO will be open for public subscription from July 23 to July 25, with bidding for anchor investors starting on July 22, as announced by the company. At the upper limit of the price range, the company’s valuation is estimated at nearly Rs 5,000 crore. IndiQube aims to raise Rs 650 crore from a fresh issue, while promoters will sell shares worth Rs 50 crore as part of the offer…

CommercialLatest Stories

Executive Centre aims to raise ₹2,600 crore for India IPO

The Executive Centre is set to launch an initial public offering in Mumbai with the potential to raise ₹26 billion ($303 million), as reported by sources familiar with the situation. This move aims to leverage the growing demand for workspace across India. The flexible workspace provider has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to facilitate the listing process. The company intends to submit preliminary documentation, known as a draft red herring prospectus, shortly. Neither the company nor its financial advisors have responded to requests for comment. The Executive Centre will join other companies like Wework India Management…