Subscribe to Sharda Cropchem IPO, say brokerages

THE ECONOMIC TIMES Fri, Sep 05, 2014 | 10:04 AM IST IPO Newsletter

Subscribe to Sharda Cropchem IPO, say brokerages Subscribe to Sharda Cropchem IPO, say brokerages Sharda is engaged in marketing and distribution of a wide range of formulations and generic active ingredients globally. Snowman quotes at 38% premium in grey mkt Snowman quotes at 38% premium in grey mkt The retail portion was subscribed 41 times, the HNI and qualified institutional buyers segments were subscribed by 222 and 17 times, respectively. 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.

Company Name Issue Size Status Date of Relevance Volume   Sharda Cropchem Ltd. 1231509864.00 Open 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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