Navkar

The BSE Sensex and Nifty have rallied sharply post the announcement of the Union Budget last month. The absence of adverse changes pertaining to long-term capital gains tax on sale of shares in the Budget, and the government's pronounced thrust on the infrastructure sector triggered the market rally, says Angel Broking.

Some of the companies that are trading above their issue price include Navkar Corporation, Syngene International, PNC Infratech and VRL Logistics.

Its shares rose as much as 5.6 per cent per cent to Rs 163.80 at its day's high, against issue price of Rs 155.

Yesterday, the company had lowered the price band to Rs 115-126, from Rs 140-147. Besides, the Prabhat Dairy IPO was extended by three days to September 4 as the issue failed to generate interest among investors on its final day of offering. The issue was scheduled to close yesterday.

Logistics firm Navkar Corporation's Rs 600-crore initial public offer (IPO) was over-subscribed 2.75 times on Wednesday, the last day of subscription.

The firm is aiming to garner Rs 156 crore through fresh issue of shares and an offer for sale by private equity investor Zephyr Peacock and others. It has fixed a price band of Rs 170 to Rs 178 for the IPO.

Maharashtra-based Navkar Corp plans to mobilise up to Rs 510 crore by issuing fresh equity shares and rake in up to Rs 90 crore through sale of existing shares.

Looking to tap upbeat investor sentiment, five companies including Sadbhav Infrastructure Projects and Navkar Corp will hit the capital markets this month to raise an estimated over Rs 1,500 crore through initial public offers (IPOs).

Navkar Corporation's initial public offer (IPO) opens for subscription on Monday, August 24, and will close on Wednesday, August 26. The container freight station (CFS) operator plans to raise around Rs 600 crore at the higher end of the price band of Rs 147-Rs 155.

After a quiet 2014, the IPO market is buzzing again as 10 IPOs have already hit the market this year and many others are in the pipeline, including those of popular brands like IndiGo, Cafe Coffee Day and Matrix.

The bidding will close on August 26. With this issue, Navkar Corporation will be the 11th company to hit the capital markets this year.

To tap a strong investor sentiment, four companies including Dilip Buildcon and Navkar Corp plan to hit the capital markets this month, to raise an estimated over Rs 1,800 crore through initial public offers (IPOs).

Navkar Corporation, a logistics company, has received approval from the Securities and Exchange Board of India (Sebi) to raise up to Rs 600 crore through an IPO or initial public offering.

Five firms including Catholic Syrian Bank and Dilip Buildcon have filed draft papers with capital markets regulator Securities and Exchange Board of India (Sebi) for raising at least Rs 2,000 crore from initial public offers (IPO).

The offer consists of a fresh issuance of Rs 510 crore and an offer for sale of up to Rs 90 crore, the draft filed on Tuesday showed.

The BSE Sensex and Nifty have rallied sharply post the announcement of the Union Budget last month. The absence of adverse changes pertaining to long-term capital gains tax on sale of shares in the Budget, and the government's pronounced thrust on the infrastructure sector triggered the market rally, says Angel Broking.

Some of the companies that are trading above their issue price include Navkar Corporation, Syngene International, PNC Infratech and VRL Logistics.

Its shares rose as much as 5.6 per cent per cent to Rs 163.80 at its day's high, against issue price of Rs 155.

Yesterday, the company had lowered the price band to Rs 115-126, from Rs 140-147. Besides, the Prabhat Dairy IPO was extended by three days to September 4 as the issue failed to generate interest among investors on its final day of offering. The issue was scheduled to close yesterday.

Logistics firm Navkar Corporation's Rs 600-crore initial public offer (IPO) was over-subscribed 2.75 times on Wednesday, the last day of subscription.

The firm is aiming to garner Rs 156 crore through fresh issue of shares and an offer for sale by private equity investor Zephyr Peacock and others. It has fixed a price band of Rs 170 to Rs 178 for the IPO.

Maharashtra-based Navkar Corp plans to mobilise up to Rs 510 crore by issuing fresh equity shares and rake in up to Rs 90 crore through sale of existing shares.

Looking to tap upbeat investor sentiment, five companies including Sadbhav Infrastructure Projects and Navkar Corp will hit the capital markets this month to raise an estimated over Rs 1,500 crore through initial public offers (IPOs).

Navkar Corporation's initial public offer (IPO) opens for subscription on Monday, August 24, and will close on Wednesday, August 26. The container freight station (CFS) operator plans to raise around Rs 600 crore at the higher end of the price band of Rs 147-Rs 155.

After a quiet 2014, the IPO market is buzzing again as 10 IPOs have already hit the market this year and many others are in the pipeline, including those of popular brands like IndiGo, Cafe Coffee Day and Matrix.

The bidding will close on August 26. With this issue, Navkar Corporation will be the 11th company to hit the capital markets this year.

To tap a strong investor sentiment, four companies including Dilip Buildcon and Navkar Corp plan to hit the capital markets this month, to raise an estimated over Rs 1,800 crore through initial public offers (IPOs).

Navkar Corporation, a logistics company, has received approval from the Securities and Exchange Board of India (Sebi) to raise up to Rs 600 crore through an IPO or initial public offering.

Five firms including Catholic Syrian Bank and Dilip Buildcon have filed draft papers with capital markets regulator Securities and Exchange Board of India (Sebi) for raising at least Rs 2,000 crore from initial public offers (IPO).

The offer consists of a fresh issuance of Rs 510 crore and an offer for sale of up to Rs 90 crore, the draft filed on Tuesday showed.