Bharat Dynamics OFS subscribed 76% on last day
The government will likely raise about Rs 770 crore from the BDL OFS.
Government may sell 15-20% in IRCTC via offer for sale
The government is reportedly planning to sell 15-20% of its stake in Indian Railway Catering and Tourism Corporation (IRCTC) via offer for s...
Bharat Dynamics OFS gets off to smooth start, institutional buyers oversubscribe
The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price of Rs 330 apiece.
Govt to sell 15-20% stake in IRCTC via OFS
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
Bharat Dynamics OFS can give you 20% upside
Based on a burgeoning orderbook which is expected to be at Rs 22,500 crore in FY22, analysts estimate an EPS of 24.9 for the year. At a PE multiple of 16, the stock is valued at Rs 400 per share, a 20 per cent upside from the OFS level.
Government to sell 15% stake in Bharat Dynamics through OFS
The centre which owns 87.75% stake in the company is looking to offload 2.71 crore shares. The floor price for the OFS has been fixed at Rs 330 per share, a 14% discount to Monday’s closing price of Rs 384.50.
HAL plunges 12% after its OFS opens for subscription
IDBI Capital Markets & Securities, SBICAP Securities and YES Securities (India) will be acting as the seller’s broker for the offer. Of these, IDBI Capital Markets will be acting as the settlement broker.
Retail portion of HAL OFS subscribed 4% so far
Out of 1,00,31,625 shares reserved for the retail segment, applications for 4,04,412 shares were received.
Non-retail portion of HAL OFS subscribed 1.3 times
The government is selling its stake at a floor price of Rs 1,001 per share. The offer could fetch the exchequer around Rs 5,020 crore.
IRCTC slips 3% after reports govt plans to 15-20% sell stake
Last month, the Department of Investment and Public Asset Management (DIPAM) had invited bids from merchant bankers by September 10 for managing the sale in IRCTC.
Stock market news: IRCTC shares drop over 3%
A total of 58,948 shares changed hands on the counter till 11:21AM (IST).
HAL OFS received enthusiastic response from non-retail investors: Dipam Secy
"Offer for sale of 15% government shares in HAL was subscribed 1.60 times by non-retail investors. The government has decided to exercise the green shoe option," said Tuhin Kanta Pandey, secretary of department of investment and public asset management (DIPAM).
How far can this rally sustain? Analysts believe record high could be in the offing
“In the Nifty500 index, the percentage of stocks above 200-DMA, which is a gauge of durability of uptrend, has crossed the important threshold of 60 per cent. In all the previous three occasions, such a reading has led to an extended rally towards all-time highs,” said ICICI Securities.
Government to sell up to 15% stake in HAL via OFS on August 27-28
Through the OFS, the government proposes to sell 3,34,38,750 equity shares, constituting 10 per cent paid-up share capital of the company, with an option to sell an additional 5 per cent stake or 1,67,19,375 equity shares (oversubscription option).
HAL's Rs 5,000 crore offer for sale fully subscribed
The OFS received an application for 5.21 crore shares as against the issue size of 5.01 crore shares, showed the exchange data.