Mahindra Finance gets nod to raise Rs 1,055 crore

Stocks of Mahindra & Mahindra will be in focus, on Friday

Mahindra & Mahindra Financial Services Limited, one of the  leading non-banking finance companies, announced that the company has approved to issue 2,50,00,000 Equity Shares of face value of Rs. 2.00 each at a price of Rs. 422.00 each aggregating to Rs 1,055 crore to Mahindra & Mahindra (M&M), the holding company (the Promoter).

Following this allotment, the paid-up share capital of Mahindra & Mahindra Financial Services Limited stands increased from 56,87,64,960 equity shares to 59,37,64,960 and the percentage shareholding of Mahindra & Mahindra stands increased from 51 percent.

Future Supply Chain Solutions come out with IPO on Dec 6

Future Supply Chain Solutions (FSC) Ltd,  on Wednesday announced that it will hit the capital markets on December 6 with an IPO of up to 97,84,570 equity shares of face value of Rs. 10 each for cash.

The price band of the issue is fixed from Rs 660 - Rs 664 per equity share.  The issue has on offer equity shares for sale of upto 78,27,656 of Griffin Partners Limited and upto 19,56,914 of the Future Enterprises Ltd’s promoter.

CLSA India, Edelweiss Financial Services, IDFC Bank, IIFL Holdings Nomura, and YES Securities are the bankers to the issue.

Future Supply Chain Solutions Limited is one of India’s largest organized third-party supply chain & logistics Service Company offering automated and IT-enabled ware-housing, distribution & other logistics solutions across India.

Shalby Hospital aims to raise Rs 505 cr through IPO: It opens on 5 Dec

Shalby Multi Specialty Hospital is aiming to raise Rs 505 cr from its IPO, which opens on 5 December. It has set a price band of Rs. 245 to 248 per share for the offer, which values it at Rs. 2,172 to 2,198 cr. The IPO would close on 7 December.

Bids can be made for a least amount of 60 equity shares and multiples of 60 thereof. The IPO consists of a fresh issue of shares for upto Rs. 480.00 cr and an offer for sale of Rs 24.8 cr.

Promoter Vikram Shah Burman plans to sell one million shares, which at the upper end of the price band will fetch Rs. 24.8 cr. Edelweiss Fin Services, IDFC Bank & IIFL Holdings are managing the Shalby IPO.

This year, the fund-raising through Initial Public Offering has clocked the all-time high seen in 2010, where 64 cos raised Rs. 37,534.65 cr. Until October 2017, the Indian primary market has registered 30 IPOs with companies raising Rs. 47,099 cr, as per data from Prime Database market tracker.