Tag: Investor

HCG, Bharat Wire IPOs to hit markets this week

HCG, Bharat Wire IPOs to hit markets this week

14/03/2016 09:37

HealthCare Global Enterprises (HCG) and Bharat Wire Ropes, will hit the capital markets this week to tap the upbeat investor sentiments, reported PTI.

The initial public offer of HCG will open on March 16 and close on March 18, while that of Bharat Wire Ropes will begin on March 18 and conclude on March 22.

The IPO of HCG comprises fresh issue of up to 1.16 crore equity shares and an offer for sale of up to 1.82 crore shares by its existing shareholders. PIOF, an investment vehicle of Azim Premji’s PremjiInvest, plans to sell shares through offer for sale. PIOF holds 21 per cent stake in the company.

The company has fixed the price band at Rs 205-218 for its IPO.

The proceeds of the issue will be used for purchasing medical equipment, investment in IT software, services and hardware, pre-payment of debt crore and for other general corporate purposes.

Kotak Mahindra Capital Company, Edelweiss Financial Services, Goldman Sachs (India) Securities, IDFC Securities, IIFL Holdings and Yes Bank are the book running lead managers to the issue.

Bharat Wire Ropes, a speciality wire ropes manufacturing company, aims to raise Rs 70 crore through its IPO. The offer would also include reservation of equity shares worth Rs 3.5 crore for subscription by eligible employees.

Proceeds of the issue would be utilised for setting up a manufacturing plant at Chalisgaon, Maharashtra and for other general corporate purposes.

The issue is being managed by Intensive Fiscal Services and BOB Capital Markets.

The shares of these companies are proposed to be listed on the BSE and the National Stock Exchange (NSE).

Advertisements
Ratan Tata now invests in CashKaro.com: Report

Ratan Tata now invests in CashKaro.com: Report

19/01/2016 14:36

Since retiring from day-to-day responsibilities at the Tata Group, Ratan Tata has made investment in dozens of budding-business organization in India. In a fresh development, Gurgaon-based cashback & coupons site, CashKaro.com has become the latest company to bag investment from angel investor Ratan Tata.

According to media report, CashKaro.com, has raised an undisclosed amount of funding from Ratan Tata. With this, the Chairman Emeritus of Tata Sons has invested in third company this year.

According to Business Standard report, cashback & coupons site has already raised Rs 25 crore in a Series-A funding round led by Kalaari Capital two month ago.

Founded in 2013, CashKaro.com is India’s leading cashback and coupons website which help its members save on their regular online purchases at leading Indian and International Brands. Their cashback and coupon partners include brands like Myntra, Amazon, Snapdeal, Flipkart, Jabong and 500 more.