The initial public offer (IPO) of Jana Small Finance Bank was subscribed 88% on Wednesday, the first day of the bidding process. The NII portion of the issue was booked the most at 1.2 times, followed by retail investors at 1.19 times. There QIB category was subscribed just 14%.
Pharmaceutical company Blue Jet Healthcare has raised Rs 252 crore from anchor investors ahead of its IPO. The company has allotted equity shares at the upper end of the price band set for the initial public offering. The IPO is expected to raise approximately Rs 799-840.27 crore. Blue Jet Healthcare focuses on the collaboration, development, and manufacturing of pharmaceutical products. The IPO is an entirely Offer for Sale (OFS) component by promoters Akshay Bansarilal Arora and Shiven Akshay Arora.
AESL has announced the acquisition of 100% equity shares of Sangod Transmission Service. This acquisition strengthens AESL’s position in the energy sector and expands its portfolio. Read more to learn about the implications of this acquisition.
Mumbai-based hospital chain Jupiter Life Line Hospitals is set to launch its initial public offer (IPO) on September 6. The IPO will include a fresh equity issue and offer for sale. The company aims to raise funds for the repayment of borrowings and general corporate purposes.
