Apollo Pipes Ltd.’s subsidiary Apollo Ceramics has acquired a 76% stake in Mazzini Tiles for Rs.40.4 crore. The transaction marks Apollo Pipes’ entry into the ceramic tiles business and expands its presence beyond its traditional piping operations.
Apollo Pipes Ltd.’s subsidiary Apollo Ceramics has acquired a 76% stake in Mazzini Tiles for Rs.40.4 crore. The transaction marks Apollo Pipes’ entry into the ceramic tiles business and expands its presence beyond its traditional piping operations.
NTPC Green Energy Ltd. has commenced commercial operations of the third phase of its subsidiary’s renewable-energy project in Kutch. The newly commissioned phase has a capacity of 9.45 MW.
Federal Bank Ltd. has established a $500 million Medium-Term Note Programme. The programme provides the bank with a framework to access international debt markets as and when funding conditions are suitable.
Canara Bank Ltd. has raised Rs.2,042 crore through the issuance of Tier-I bonds. The fundraising forms part of the bank’s capital-management programme and strengthens its regulatory capital base.
Varmora Granito Ltd. is set to launch its mainboard IPO on September 22. The company has fixed a price band of Rs.140–148 per share, with the total issue size at approximately Rs.708.02 crore.
The National Stock Exchange of India Ltd. (NSE) IPO enters its final day of subscription on Monday, September 21. The Rs.22,568.94 crore issue has crossed full subscription, with total demand standing at around 1.15 times the shares offered in the latest available data.
SpectraA Technology Solutions Ltd.’s SME IPO is scheduled to close on September 21. The issue size is Rs.42.52 crore, with the price band fixed at Rs.112–118 per share.
Kheria Autocomp Ltd.’s SME IPO also enters its final subscription day on September 21. The issue has a price band of Rs.96–101 per share and is seeking to raise approximately Rs.46.44 crore.
Axiom Gas Engineering Ltd.’s SME IPO opened on September 18 and will remain available for subscription until September 22. The issue is priced at Rs.51–54 per share according to the latest IPO dashboard.
India’s IPO market is preparing for another busy week, with 19 issues expected to seek around Rs.4,169 crore in aggregate. The upcoming calendar includes mainboard offerings from Varmora Granito, Elevate Campuses, A-One Steels India, ArMee Infotech, Swastika Infra and Adroit Industries.
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