IPO Lane-7 Cos to tap Market to raise Rs14000 Cr

The Initial Public Offering (IPO) of about seven companies including HDFC Mutual Fund and Lodha Developers are expected to hit the capital market in the upcoming week to raise more than Rs 14,000 crore.

TCNS Clothing Co. Limited, which designs, manufactures, markets, and retail women’s branded apparel, will also launch its Rs 1,125-crore initial share-sale this week.

Flemingo Travel Retail, Nekkanti Sea Foods, Patel Infrastructure and Genius Consultants are also expected to launch their respective initial public offering in the coming week.

These 7 companies are aiming to raise more than Rs 14,000 crore. These companies have already secured Sebi’s approval to float the public offer and now they are expected to launch their initial public offers next month.

Further 18 companies have raised Rs 23,670 crore through their respective IPOs in January-June this year.

Real estate major Lodha Developers Limited plans to hit the capital market this month with its IPO to raise about Rs 5,500 crore, as per market info. The Company had on July 6 received markets regulatory approval for the IPO.

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Gateway Distriparks to increase stake in subsidiary, stock up

Shares of Gateway Distriparks Limited continue rise after reports that the company is going to buy Blackstone’s stake in Gateway Rail.

Gateway Distriparks Limited has entered into a share purchase agreement for acquiring the compulsorily convertible preference shares and equity shares held by Blackstone GPV Capital Partners, V-H in Gateway Rail Freight, for cash consideration of Rs 810 crore. However, there are no regulatory approvals required for the acquisition.

With this proposed acquisition company’s holding in its subsidiary, Gateway Rail Freight unit will go up to 99.8 percent.

During early afternoon hours of trade,Wednesday, share price of Gateway Distriparks was quoting at Rs 179.70, up Rs 2.69 percent on NSE.

Gateway Distriparks Limited is a logistics facilitator offering integrated logistics solutions, container freight stations rail movement dry port terminals cold storage last mile connectivity.

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Markets log fifth weekly gains, Weekly Watch on Stocks

Key benchmark indices ride out volatility to end significantly higher on Friday since investors picked up stocks in healthcare, telecom and financials amid mixed global signals. The BSE Sensitive index jumped 0.73 percent or 257.21 points to finish at 35,689.60.  The Nifty-50 of NSE ended at 10,821.85 up by 0.75 percent or 80.75 points.

Both the indices, Sensex and Nifty, posted their fifth consecutive weekly gains, rising 0.19 percent or 67.46 points by Sensex and  Nifty by or 0.04 percent or  4.15 points, while FPIs bought shares upto an extent of Rs 1,126.75 cr, while DIIs bought equities to an extent of Rs 663.57 cr.

Shares of Sun Pharma performed in the Sensex pack, rising 3.91 percent at Rs. 576.30 share apiece, followed by Mahindra and Mahindra at 2.87 percent at Rs. 908.15

Other major gainers included HDFC 2.54% at Rs. 1902.40, followed by Axis Bank 2.22%, State Bank of India 1.69%, ITC 1.67%, Asian Paints 1.54%, Bharti Airtel 1.53%, ICICI Bank 1.33%, NTPC 1.26%, HDFC Bank 1.22% and Hindustan Unilever 0.87%. However Reliance Industries under profit booking fell 1.94%.

In sector wise, the healthcare index of BSE rose 1.31%, followed by telecom, bankex, power, FMCG, PSU, auto, infrastructure, consumer durables, metal, capital goods and teck rose in between 0.14% to 1.01% range.

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