Provider: Thomson Reuters Stock Report
Provider: Wright Reports
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
V-Mart Retail Ltd's IPO Fully Subscribed-CNBC-TV18
CNBC-TV18 reported that the Initial Public Offer (IPO) of multi-brand retail chain V-Mart Retail has subscribed 1.16 times. The issue of 38.21 lakh (3.821 million) equity shares (excluding anchor portion) received bids for 44.36 lakh (4.436 million) shares. Maximum bids were received in the price range of INR195-210 as against issue price band of INR195-215 a share. Retail chain operator already raised INR14.162 crore (INR141.62 million) through anchor investors' portion and allocated 6,74,400 equity shares to anchor investors at a price of INR210 per share. Funds raised through fresh issue are proposed to be used for opening 60 new stores, expansion of distribution centres, working capital requirements and general corporate purposes. Anand Rathi Advisors Limited is the book running lead manager to the issue.
Latest Key Developments in Retail
- Sears Holdings Corp announces filing of registration statement for spin-off of lands' end business
- Five Below Inc gives Q4 2013 guidance below analysts' estimates; raises FY 2013 guidance
- Kering SA to sell La Redoute for one euro-Reuters
- Employees at Kering SA's La Redoute stage walkout-Agence France Presse
- Share this
- Digg this