Ashwin Ramarathinam
Stories by Ashwin Ramarathinam
India: MTAR Tech IPO subscribed 200.79 times on the final day of bidding
The company will utilise fresh issue proceeds for debt repayment and working capital requirements.
India: Investcorp to invest $10.36m in luggage brand Safari Industries
Safari Industries is India’s third largest luggage brand.
India: Kinara Capital raises $10m from IndusInd Bank
In May 2019, Kinara Capital had secured funding from Gaja Capital, among others.
Brookfield’s $507m Indian REIT IPO subscribed 8 times on final day
Brookfield REIT will be the third listed real estate investment trust in India.
Brookfield REIT raises $235m from anchor investors ahead of IPO
This will be the third REIT IPO after Mindspace REIT last year and Embassy Office Parks REIT in 2019.
IPO of Indian kitchen appliances maker Stovekraft subscribed 18 times on final day
Shares reserved for retail investors were subscribed 26.4 times
Indian mortgage financier Home First Finance’s IPO subscribed 27 times on final day
The retail investor portion was subscribed 6.6 times.
Indian multiplex operator PVR’s board okays plan to raise $106.6m
The plans to raise capital comes as theatres were allowed to open across the country from October.
India’s Mindspace Business Parks REIT issues debentures to raise $27m
The REIT was listed in August after a successful public issue of about $611m.
India: Mrs Bectors Food IPO subscribed 11.4 times on second day
Investors can bid for a minimum of 50 equity shares and thereafter in multiples of 50 equity shares.
