Tag: jm financial

Industry

Arisinfra Solutions’ IPO subscribed 1.32 times on Day 2 of offer

NEW DELHI: The initial share sale of Arisinfra Solutions Ltd got subscribed 1.32 times on the second day of bidding on Thursday. The Initial Public Offer (IPO) received bids for 1,73,03,085 shares against 1,30,84,656 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 3 times while the portion for non-institutional investors fetched 1.39 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 73 per cent subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The nearly Rs 500-crore IPO will conclude on Friday. The price…

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Arisinfra Solutions’ IPO gets subscribed 24% on Day 1 of offer

NEW DELHI: The initial share sale of Arisinfra Solutions Ltd received a 24 per cent subscription on the first day of bidding on Wednesday. The Initial Public Offer (IPO) got bids for 31,78,815 shares against 1,30,84,656 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got fully subscribed by 1.04 times. The quota for non-institutional investors received 19 per cent subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The nearly Rs 500-crore IPO will conclude on June 20. The price band for the offer has been fixed…

Industry

Blackstone’s Knowledge Realty Trust raises ₹1,400 crore in India’s maiden REIT pre-IPO round

Blackstone Group-backed Real Estate Investment Trust (REIT) Knowledge Realty Trust (KRT) has raised over Rs 1,400 crore through a pre-initial public offering (IPO) placement, said persons familiar with the development With this, the REIT has become the first-ever REIT in India to conclude such a pre-IPO fundraising exercise. The round was fully subscribed by domestic high-net-worth individuals (HNIs) and family offices, signalling robust investor confidence ahead of the REITs proposed public issue. JM Financial, Radhakishan Damani, and 360 One Wealth Management are among key investors of this pre-IPO funding round. KRT, a joint entity of Blackstone and Sattva Developers, filed…

Industry

ArisInfra Solutions sets IPO price band at ₹210-222 per share

NEW DELHI: ArisInfra Solutions Ltd on Friday fixed a price band of Rs 210 to Rs 222 per share for its nearly Rs 500-crore Initial Public Offering (IPO). The initial share sale will open for a public subscription on June 18 and conclude on June 20, the company announced. The IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no Offer For Sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements…

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JM Financial gets 1.42 lakh sq ft office space in Mumbai through CIRP resolution

Representative Image In a key transaction stemming from a bankruptcy settlement, non-banking finance company JM Financial Products has acquired ownership of over 142,000 sq ft of office space spread across four floors in an upcoming commercial tower in Mumbai’s eastern suburb Mulund. The acquisition is part of a court-mediated corporate insolvency resolution process (CIRP) connected to takeover of a stalled project formerly promoted by Ariisto Realty. The investment-focussed NBFC has been allotted floors 40, 41, 42 and 44 in the office wing of the project. The ownership transfer was formalised on April 4 and the property’s possession is expected by…

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Oswal Pumps files DRHP for Rs 890 crore IPO

Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek Gupta. The IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of…