Apollo Micro Systems Limited’s IPO opens on January 10

Apollo Micro Systems Ltd, a Hyderabad-based company, offering integrated solutions to the aerospace, defense-space, home land security and transportation sectors, on Thursday announced that it will launch its Rs. 156 core IPO on 10 January.

This Initial Public Offer will be the first one to be launched in 2018. The company has set a price band of Rs. 270 to 275 per share for the offer. The IPO will close on 12 January.

In the financial year 2017, the company reported revenue of Rs. 211.8 crore, up 33 percent from the previous fiscal.

In the year 2017, the Indian primary market has seen 36 Initial public offers with companies raising a record Rs. 67,147 crore, as per data from the Prime Database.

Shares of HDFC closed 0.5% lower, prior to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7% higher.

Housing Development Finance Corporation Limited (HDFC) said on Tuesday that company will raise Rs 13,000 cr to infuse capital into its banking arm HDFC Bank Ltd., by selling shares mainly to subscribe to a preferential issue.  Upto Rs. 8500 cr of the funds raised will be utilized to subscribe to the preferential allotment. The mortgage lender is also considering the acquisition and resolution of stressed assets in the country’s real estate sector.

Shares of HDFC closed 0.5% lower, prior to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7% higher.

NSE May Refile IPO Papers with Sebi

The National Stock Exchange (NSE) is expected to file fresh draft red herring prospectus (DRHP) with markets regulator Sebi to float an initial public offering (IPO) after getting clarity on the co-location matter.   However, the preliminary IPO papers, which has been filed with Sebi in December last year, will remain open, the exchange said.

The Initial Public Offering of NSE is being eagerly awaited in the market as one of the largest in recent times, which is having an estimated size of over Rs. 10,000 crore. Bombay Stock Exchange (BSE) also got listed in February month. The regulatory authorities stated the exchange will have to file fresh DRHPs as issues related to co-location case have held up regulatory go-ahead for its earlier proposal and Sebi wants greater disclosure about the matter in the draft red herring prospectus (DRHP).

The regulatory authorities said the exchange will have to file fresh draft herring papers as issues concerning to the algorithmic trading case have held up regulatory approval for its earlier proposal and the regulator wants greater disclosure about the matter in the DRHP.