Global Surfaces is into processing of natural stones and manufacturing engineered quartz
The rich investor portion was covered 33 times compared with 5.1 times for the retail participant; QIB portion was muted at 9%
The IPO of Global Surfaces garnered full subscription on Tuesday, a day before its close
Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares
Engineering services company files DRHP; seeks to raise Rs 4,000 cr
At the upper end of the price band, the issue could raise to Rs 412 crore
The IPO will open on Wednesday and conclude on Friday
The initial share-sale will be open for public subscription during March 1-3. The bidding for anchor investors will open on February 28
Fabindia said it has withdrawn its $482.43 million IPO due to rough market conditions, becoming the latest company to shelve listing plans as interest rate worries pressure stock markets
About Rs 1400 crore ($169.16 million) from the IPO funds were to be used for repayment or pre-payment of debt, the company had said in its draft prospectus released in March last year
The public issue comprises fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of 48,69,712 equity shares by one of the promoters and existing shareholders
Not a single penny got raised from initial public offerings and follow-on public offers (FPO) last month
Currently, promoter and promoter group hold 66.70 per cent stake in the company and the rest is with public shareholders
In Sebi's parlance, its observation implies its go ahead to launch the initial share-sale
The company may consider a private placement of equity shares for up to Rs 150 crore. If such placement is completed, the fresh issue size will be reduced
India's outperformance vis-a-vis other markets happened in a year that witnessed high inflation, rising interest rates, and a bloody war in Europe
It will also use Rs 35 crore for funding the long-term working capital requirements of the company and other general corporate purposes
SME segment has a higher share than mainboard companies
Price range for the offer was at Rs 61-65 a share
HealthKart operates two verticals in the Indian market, MuscleBlaze, a sports nutrition brand, and HKVitals, an online health supplement brand