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04-May-2021 (10:15) PowerGrid InvIT IPO ends with strong subscription

The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 2,05,40,48,700 units as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data. The issue was subscribed 4.83 times.

The institutional investors category, comprising foreign institutional investors, domestic financial institutions, mutual funds, was subscribed 4.63 times. The other investors category, which includes corporates, individuals investors and others, was subscribed 5.07 times.

The issue opened for bidding on Thursday, 29 April 2021 and it closed on Monday, 3 May 2021. The price band of the IPO was fixed at Rs 99-100.

The IPO of units in PowerGrid InvIT consisted of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India.

Ahead of its IPO, PowerGrid InvIT on 28 April 2021 raised Rs 3,480.74 crore by allocating 34,80,74,100 units to anchor investors at Rs 100 per unit, the upper end of the IPO price band.

The proceeds from the fresh issue will be utilised for providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, availed by the initial portfolio assets; and general purposes.

PowerGrid InvIT is owned by state-owned PowerGrid Corporation of India. This will be the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.

PowerGrid InvIT has been set-up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India.

The trust's initial portfolio will have five assets - PVTL (PowerGrid Vizag Transmission), PKATL (PowerGrid Kala Amb Transmission), PPTL (PowerGrid Parli Transmission), PWTL (PowerGrid Warora Transmission) and PJTL (PowerGrid Jabalpur Transmission).

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03-May-2021 (18:02) PowerGrid InvIT IPO subscribed 4.83 times

The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 2,05,40,48,700 units today, 3 May 2021, as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 4.83 times.

The issue opened for bidding on Thursday, 29 April 2021 and it will close today, 3 May 2021. The price band of the IPO was fixed at Rs 99-100.

The IPO of units in PowerGrid InvIT consisted of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India.

Ahead of its IPO, PowerGrid InvIT on 28 April 2021 raised Rs 3,480.74 crore by allocating 34,80,74,100 units to anchor investors at Rs 100 per unit, the upper end of the IPO price band.

The proceeds from the fresh issue will be utilised for providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, availed by the initial portfolio assets; and general purposes.

PowerGrid InvIT is owned by state-owned PowerGrid Corporation of India. This will be the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.

PowerGrid InvIT has been set-up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India.

The trust's initial portfolio will have five assets - PVTL (PowerGrid Vizag Transmission), PKATL (PowerGrid Kala Amb Transmission), PPTL (PowerGrid Parli Transmission), PWTL (PowerGrid Warora Transmission) and PJTL (PowerGrid Jabalpur Transmission).

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30-Apr-2021 (17:39) PowerGrid InvIT IPO subscribed 61%

The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 25,81,63,400 units today, 30 April 2021, as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.61 times.

The issue opened for bidding on Thursday, 29 April 2021 and it will close on Monday, 3 May 2021. The price band of the IPO is fixed at Rs 99-100. An investor can bid for a minimum of 1,100 units and in multiples thereof.

The IPO of units in PowerGrid InvIT consists of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India.

Ahead of its IPO, PowerGrid InvIT on 28 April 2021 raised Rs 3,480.74 crore by allocating 34,80,74,100 units to anchor investors at Rs 100 per unit, the upper end of the IPO price band.

The proceeds from the fresh issue will be utilised for providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, availed by the initial portfolio assets; and general purposes.

PowerGrid InvIT is owned by state-owned PowerGrid Corporation of India. This will be the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.

PowerGrid InvIT has been set-up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India.

The trust's initial portfolio will have five assets - PVTL (PowerGrid Vizag Transmission), PKATL (PowerGrid Kala Amb Transmission), PPTL (PowerGrid Parli Transmission), PWTL (PowerGrid Warora Transmission) and PJTL (PowerGrid Jabalpur Transmission).

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29-Apr-2021 (18:02) PowerGrid InvIT IPO subscribed 10%

The initial public offer (IPO) of POWERGRID Infrastructure Investment Trust (PowerGrid InvIT) received bids for 4,32,42,100 units today, 29 April 2021, as against 42,54,25,000 units on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.10 times.

The issue opened for bidding on Thursday, 29 April 2021 and it will close on Monday, 3 May 2021. The price band of the IPO is fixed at Rs 99-100. An investor can bid for a minimum of 1,100 units and in multiples thereof.

The IPO of units in PowerGrid InvIT consists of a fresh issue of units aggregating upto Rs 4993.48 crore and an offer for sale of units aggregating upto Rs 2741.50 crore by Power Grid Corporation of India.

Ahead of its IPO, PowerGrid InvIT raised Rs 3,480.74 crore by allocating 34,80,74,100 units to anchor investors at Rs 100 per unit, the upper end of the IPO price band.

The proceeds from the fresh issue will be utilised for providing loans to the initial portfolio assets for repayment or pre-payment of debt, including any accrued interest, availed by the initial portfolio assets; and general purposes.

PowerGrid InvIT is owned by state-owned PowerGrid Corporation of India. This will be the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.

PowerGrid InvIT has been set-up to own, construct, operate, maintain and invest as an infrastructure investment trust as permissible in terms of the InvIT Regulations, including in power transmission assets in India.

The trust's initial portfolio will have five assets - PVTL (PowerGrid Vizag Transmission), PKATL (PowerGrid Kala Amb Transmission), PPTL (PowerGrid Parli Transmission), PWTL (PowerGrid Warora Transmission) and PJTL (PowerGrid Jabalpur Transmission).

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10-Apr-2021 (10:58) Macrotech Developers IPO ends with decent subscription
The initial public offer (IPO) of Macrotech Developers received bids for 4.94 crore shares as against 3.64 crore shares on offer. The issue was subscribed 1.36 times.

The qualified institutional buyers (QIBs) category was subscribed 3.05 times. The non-institutional investors category was subscribed 1.44 times. The retail portion saw tepid response, with 40% subscription.

The issue opened for bidding on Wednesday, 7 April 2021 and closed on Friday, 9 April 2021. The price band for the IPO was set at Rs 483-486 per share.

The issue comprised of fresh issue of equity shares aggregating up to Rs 2500 crore (including anchor portion of 1,52,46,913 equity shares).

Ahead of the IPO, the company on 6 April 2021 finalized allocation of more than 1.52 crore equity shares to anchor investors at a price of Rs 486 per share aggregating to Rs 741 crore.

Out of net proceeds from the fresh issue, an amount of Rs 1500 crore is proposed to be utilized towards prepayment, repayment, or redemption (earlier or scheduled), of all or a portion of certain borrowings availed by the company and some of its subsidiaries.

Further, an amount of Rs 375 crore is proposed to be used for acquisition of land or land development rights. The balance net proceeds will be used for general corporate expenses.

Macrotech Developers, formerly known as Lodha Developers, is one of the largest real estate developers in India. The core business of the company is residential real estate developments with a focus on affordable and mid-income housing. It also develops commercial real estate, including as part of mixed-use developments in and around core residential projects.

The Lodha group has been involved in the real estate business since 1986. The company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune.

On a consolidated basis, Macrotech Developers reported a net loss of Rs 270.40 crore and sales of Rs 2915.01 crore in the nine months ended on 31 December 2020.

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09-Apr-2021 (17:17) Macrotech Developers IPO fully subscribed

The initial public offer (IPO) of Macrotech Developers received bids for 4.94 crore shares as against 3.64 crore shares on offer, according to the stock exchange data at 17:00 IST on Friday (9 April 2021). The issue was subscribed 1.36 times.

The issue opened for bidding on Wednesday, 7 April 2021, and it will close today, 9 April 2021. The price band for the IPO was set at Rs 483-486 per share.

The issue comprised of fresh issue of equity shares aggregating up to Rs 2500 crore (including anchor portion of 1,52,46,913 equity shares).

Ahead of the IPO, the company on 6 April 2021 finalized allocation of more than 1.52 crore equity shares to anchor investors at a price of Rs 486 per share aggregating to Rs 741 crore.

Out of net proceeds from the fresh issue, an amount of Rs 1500 crore is proposed to be utilized towards prepayment, repayment, or redemption (earlier or scheduled), of all or a portion of certain borrowings availed by the company and some of its subsidiaries.

Further, an amount of Rs 375 crore is proposed to be used for acquisition of land or land development rights. The balance net proceeds will be used for general corporate expenses.

Macrotech Developers, formerly known as Lodha Developers, is one of the largest real estate developers in India. The core business of the company is residential real estate developments with a focus on affordable and mid-income housing. It also develops commercial real estate, including as part of mixed-use developments in and around core residential projects.

The Lodha group has been involved in the real estate business since 1986. The company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune.

On a consolidated basis, Macrotech Developers reported a net loss of Rs 270.40 crore and sales of Rs 2915.01 crore in the nine months ended on 31 December 2020.

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08-Apr-2021 (17:38) Macrotech Developers IPO subscribed 35%

The initial public offer (IPO) of Macrotech Developers received bids for 1.26 crore shares as against 3.64 crore shares on offer, according to the stock exchange data at 17:00 IST on Thursday (8 April 2021). The issue was subscribed 0.35 times.

The issue opened for bidding on Wednesday, 7 April 2021, and it will close on Friday, 9 April 2021. The price band for the IPO is set at Rs 483-486 per share. An investor can bid for a minimum of 30 equity shares and in multiples thereof.

The issue comprises of fresh issue of equity shares aggregating up to Rs 2500 crore (including anchor portion of 1,52,46,913 equity shares).

Ahead of the IPO, the company on 6 April 2021 finalized allocation of more than 1.52 crore equity shares to anchor investors at a price of Rs 486 per share aggregating to Rs 741 crore.

Out of net proceeds from the fresh issue, an amount of Rs 1500 crore is proposed to be utilized towards prepayment, repayment, or redemption (earlier or scheduled), of all or a portion of certain borrowings availed by the company and some of its subsidiaries.

Further, an amount of Rs 375 crore is proposed to be used for acquisition of land or land development rights. The balance net proceeds will be used for general corporate expenses.

Macrotech Developers, formerly known as Lodha Developers, is one of the largest real estate developers in India. The core business of the company is residential real estate developments with a focus on affordable and mid-income housing. It also develops commercial real estate, including as part of mixed-use developments in and around core residential projects.

The Lodha group has been involved in the real estate business since 1986. The company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune.

On a consolidated basis, Macrotech Developers reported a net loss of Rs 270.40 crore and sales of Rs 2915.01 crore in the nine months ended on 31 December 2020.

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07-Apr-2021 (17:34) Macrotech Developers IPO subscribed 26%

The initial public offer (IPO) of Macrotech Developers received bids for 95.91 lakh shares as against 3.64 crore shares on offer, according to the stock exchange data at 17:00 IST on Wednesday (7 April 2021). The issue was subscribed 0.26 times.

The issue opened for bidding on Wednesday, 7 April 2021, and it will close on Friday, 9 April 2021. The price band for the IPO is set at Rs 483-486 per share. An investor can bid for a minimum of 30 equity shares and in multiples thereof.

The issue comprises of fresh issue of equity shares aggregating up to Rs 2500 crore (including anchor portion of 1,52,46,913 equity shares).

Ahead of the IPO, the company on 6 April 2021 finalized allocation of more than 1.52 crore equity shares to anchor investors at a price of Rs 486 per share aggregating to Rs 741 crore.

Out of net proceeds from the fresh issue, an amount of Rs 1500 crore is proposed to be utilized towards prepayment, repayment, or redemption (earlier or scheduled), of all or a portion of certain borrowings availed by the company and some of its subsidiaries.

Further, an amount of Rs 375 crore is proposed to be used for acquisition of land or land development rights. The balance net proceeds will be used for general corporate expenses.

Macrotech Developers, formerly known as Lodha Developers, is one of the largest real estate developers in India. The core business of the company is residential real estate developments with a focus on affordable and mid-income housing. It also develops commercial real estate, including as part of mixed-use developments in and around core residential projects.

The Lodha group has been involved in the real estate business since 1986. The company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune.

On a consolidated basis, Macrotech Developers reported a net loss of Rs 270.40 crore and sales of Rs 2915.01 crore in the nine months ended on 31 December 2020.

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27-Mar-2021 (09:29) Barbeque Nation IPO ends with strong subscription

The initial public offer (IPO) of Barbeque Nation Hospitality received bids for 2.99 crore shares as against 49.99 lakh shares on offer, according to the stock exchange data. The issue was subscribed 5.98 times.

The retail individual investors category was subscribed 13.13 times. The qualified institutional buyers (QIBs) category was subscribed 5.11 times. The non-institutional investors category was subscribed 3.10 times.

The issue opened for bidding on Wednesday, 24 March 2021, and closed on Friday, 26 March 2021. The price band for the IPO was set at Rs 498-500 per share. The issue comprised of fresh issue of up to Rs 180 crore and an offer for sale of 54,57,470 equity shares.

Ahead of the IPO, the company on 23 March 2021 finalised allocation of 40,57,861 equity shares to anchor investors at Rs 500 per share, aggregating to Rs 202.89 crore.

Out of net proceeds from the fresh issue of Rs 180 crore, an amount of Rs 54.62 crore is proposed to be utilized for capital expenditure for expansion and opening of new restaurants by the company; and Rs 75 crore is proposed to utilize for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company on a consolidated basis; and balance for general corporate purposes. The company proposes to add 20 new Barbeque Nation Restaurants in FY2022 and another 6 Barbeque Nation Restaurants in FY2023.

Barbeque Nation Hospitality is one of India's leading casual dining restaurant chains, which owns and operates Barbeque Nation Restaurants and International Barbeque Nation Restaurants. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation Restaurant.

The first Barbeque Nation Restaurant was launched in 2006 by one of the promoters, Sayaji Hotels (SHL), while the company launched its first Barbeque Nation Restaurant in 2008 and, subsequently, acquired five Barbeque Nation Restaurants owned by SHL in 2012. The company has steadily grown its owned and operated Barbeque Nation Restaurant network from a single restaurant in 2008 to 164 restaurants end December 2020, which includes 147 Barbeque Nation Restaurants across 77 cities in India, 6 International Barbeque Nation Restaurants in 3 countries outside India and 11 casual dining Italian restaurant chains (of which 9 are operated under the brand name Toscano, one restaurant each under the brand names La Terrace and Collage).

On a consolidated basis, the company reported a net loss of Rs 100.65 crore and revenue of Rs 201 crore in the eight months ended on 30 November 2020.

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26-Mar-2021 (17:29) Barbeque Nation IPO subscribed 5.98 times
The initial public offer (IPO) of Barbeque Nation Hospitality received bids for 2.99 crore shares as against 49.99 lakh shares on offer, according to the stock exchange data at 17:00 IST on Friday (26 March 2021). The issue was subscribed 5.98 times.

The issue opened for bidding on Wednesday, 24 March 2021, and it will close today, 26 March 2021. The price band for the IPO was set at Rs 498-500 per share. The issue comprised fresh issue of up to Rs 180 crore and an offer for sale of 54,57,470 equity shares.

Ahead of the IPO, the company on 23 March 2021 finalised allocation of 40,57,861 equity shares to anchor investors at Rs 500 per share, aggregating to Rs 202.89 crore.

Out of net proceeds from the fresh issue of Rs 180 crore, an amount of Rs 54.62 crore is proposed to be utilized for capital expenditure for expansion and opening of new restaurants by the company; and Rs 75 crore is proposed to utilize for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company on a consolidated basis; and balance for general corporate purposes. The company proposes to add 20 new Barbeque Nation Restaurants in FY2022 and another 6 Barbeque Nation Restaurants in FY2023.

Barbeque Nation Hospitality is one of India's leading casual dining restaurant chains, which owns and operates Barbeque Nation Restaurants and International Barbeque Nation Restaurants. It also owns and operates Toscano Restaurants and UBQ by Barbeque Nation Restaurant.

The first Barbeque Nation Restaurant was launched in 2006 by one of the promoters, Sayaji Hotels (SHL), while the company launched its first Barbeque Nation Restaurant in 2008 and, subsequently, acquired five Barbeque Nation Restaurants owned by SHL in 2012. The company has steadily grown its owned and operated Barbeque Nation Restaurant network from a single restaurant in 2008 to 164 restaurants end December 2020, which includes 147 Barbeque Nation Restaurants across 77 cities in India, 6 International Barbeque Nation Restaurants in 3 countries outside India and 11 casual dining Italian restaurant chains (of which 9 are operated under the brand name Toscano, one restaurant each under the brand names La Terrace and Collage).

On a consolidated basis, the company reported a net loss of Rs 100.65 crore and revenue of Rs 201 crore in the eight months ended on 30 November 2020.

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