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After the sturdy investor response to Happiest Minds and Route Mobile IPO, three extra points will open next week: CAMS, Chemcon Speciality Chemicals and Angel Broking. The new points are hitting the Street at a time when the markets are flush with liquidity and a number of the previous points have been over-subscribed at file ranges. The IPO of CAMS and Chemcon Speciality Chemicals open on September 21 (Monday) whereas Angel Broking’s situation on September 22.
Here are 10 issues to know:
Computer Age Management Services (CAMS) has mounted the worth band for its preliminary public supply (IPO) at ₹1,229-1,230 per share with public subscription opening on September 21.
The CAMS providing will see sale of 1,82,46,600 fairness shares or 37.four per cent stake by NSE Investments, the subsidiary of National Stock Exchange (NSE).
Earlier, markets regulator Securities and Exchange Board of India (Sebi) had directed NSE to divest its whole stake in CAMS held by means of its subsidiary, NSE Investments.
CAMS claims to be India’s largest registrar and switch agent of mutual funds with a market share of almost 70%.
Chemcon Speciality Chemicals Ltd has mounted the worth band at ₹338-340 per share for its preliminary share-sale, which can open for public subscription on September 21.
Chemcon Speciality Chemicals IPO contains recent issuance of fairness shares aggregating as much as ₹165 crore and a proposal on the market of as much as 45 lakh fairness scrips by promoter. At the higher finish of the worth band, the IPO will fetch ₹318 crore.
The firm intends to utilise the online proceeds from the recent situation to fulfill capital expenditure for the enlargement of its manufacturing facility, fund working capital necessities and basic company functions.
Angel Broking’s IPO will open on September 22 and it goals to lift an estimated ₹600 crore.
Angel Broking has mounted a value band of ₹305-306 per share for its IPO.
Angel Broking is aiming to lift ₹600 crore by means of the IPO, which contains recent issuance of shares price ₹300 crore and supply on the market of ₹300 crore by promoters and different shareholders. International Finance Corporation will promote shares to the tune of ₹120 crore within the supply on the market. (With Agency Inputs)
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