Sharda Cropchem plans IPO to raise Rs 352 cr

THE ECONOMIC TIMES Thu, Sep 04, 2014 | 10:04 AM IST IPO Newsletter

Sharda Cropchem plans IPO to raise Rs 352 cr Sharda Cropchem plans IPO to raise Rs 352 cr The issue is priced at Rs 145-156 per share and the company intends to raise Rs 352 crore at the upper end of the price band. Sebi mulls reserving 25% of IPO for domestic MFs Sebi mulls reserving 25% of IPO for domestic MFs The regulator thinks that a higher participation of 25% of the issue size or half of that slotted for qualified institutional bidders would enable a fairer valuation. Snowman's IPO subscribed 60 times Snowman's IPO subscribed 60 times Based on the upper band price, Snowman would raise Rs 197 crore from the IPO. Total bids received add up to Rs 9,200 crore. Snowman may be a cool long-term buy Snowman may be a cool long-term buy Investors may subscribe to the issue over a mediumto long-term horizon. The IPO is opening on Tuesday and will close on August 28. 'Subscribe' to Snowman Logistics, say brokerages 'Subscribe' to Snowman Logistics, say brokerages SBICap Securities is of the view that SSL is strategically placed to tap growing demand in temperature-controlled logistics (TCL) business.

Company Name Issue Size Status Date of Relevance Volume   Sharda Cropchem Ltd. 1231509864.00 Upcoming 05/09/2014 to 09/09/2014 145-156 Snowman Logistics Ltd. 197400000.00 Close 26/08/2014 to 28/08/2014 47.00

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