Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Mr D. Ravi Kumar (right), CMD, Acropetal Technologies Ltd,and Mr K. Srinivas, MD, Saffron Capital Advisors Ltd, at apress conference to announce the company’s IPO in Mumbaion Wednesday. — Paul Noronha - PAul Noronha
Acropetal Technologies – an outsourcing service provider in healthcare, energy and environment verticals – has fixed the price band for its Rs 170-crore initial public offering at Rs 88-90 a share.
The issue will open on February 21 and will close on February 24.
The issue proceeds will be used to fund the company's potential acquisitions, to set up a software development centre cum corporate office in Bangalore and also for its expansion and establishment of overseas offices in the US, the UK, West Asia and South East Asia. The company has its presence in Dubai, the UAE through its subsidy Vision Info Inc.
The shares of the company will be listed on the BSE and NSE.
The Qualified Institutional Bidders will be allotted 50 per cent of the shares, 15 per cent to High Networth Individuals and 35 per cent to retail investors.
Rating agency ICRA assigned a grade of 3/5 for the company's IPO indicating average fundamentals.
Saffron Capital Advisors is the sole book running lead manager to the issue.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
₹1548 • HDFC Bank S1S2R1R2COMMENT 1535152015601575 Fresh long positions can be initiated with a stiff ...
The key indices have retreated from theirs record levels; downside pressure could continue
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
After facing severe droughts for several years, farmers in western Maharashtra have turned the corner through ...
If you see garbage lying on the streets, remove it, says a dedicated plogger on a clean-up drive
Padma Shri awardee Ramachandra Pulavar — the 12th generation exponent of Tholpavakoothu in his family — on ...
Against considerable odds, Drishyam 2 delivers a story that’s just as good as — if not better than — the ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor