Advanced Enzyme Technologies Limited (Refer Page No 382 of RHP dated 11th July 2016)
19-Jul-16 – Participation by Anchor Investors 20-Jul-16 – Bid/Offer Opening Date 22-Jul-16 – Bid/Offer Closing Date 27-Jul-16 – Finalisation of Basis of Allotment 28-Jul-16 – Unblocking of Funds from ASBA Account 29-Jul-16 – Credit of Equity Shares to Demat Account 01-Aug-16 – Commencement of Trading on NSE/BSE
Advanced Enzyme Technologies has filed its red herring prospectus (RHP) for its upcoming IPO which will open for subscription on 20 July and will close on 22 July. In the prospectus filed with capital market regulator SEBI, the Thane-based company said it will raise INR500 million (INR50 crore) by issuing new shares while existing shareholders will sell 4,034,470 shares through an offer for sale (OFS). Pricing of Advanced Enzyme Technologies IPO will be finalized close to the offer open date.
Ipo Central
Home IPO News Advanced Enzyme Technologies IPO to open on 20 July, files RHP IPO NEWSUPCOMING IPOS Advanced Enzyme Technologies IPO to open on 20 July, files RHP By Anurag Gupta - July 12, 2016 119 0
Advanced Enzyme Technologies has filed its red herring prospectus (RHP) for its upcoming IPO which will open for subscription on 20 July and will close on 22 July. In the prospectus filed with capital market regulator SEBI, the Thane-based company said it will raise INR500 million (INR50 crore) by issuing new shares while existing shareholders will sell 4,034,470 shares through an offer for sale (OFS). Pricing of Advanced Enzyme Technologies IPO will be finalized close to the offer open date.
Advanced Enzymes Technologies IPO Open a Demat Trading Account in 1 hour Get FLAT 20% Discount on on Brokerage for Online Trades Out of the money raised by the company, INR400 million (INR40 crore) will be used for repayment / pre-payment of certain loans availed by its fully-owned subsidiary Advanced Enzymes USA. Through the OFS, promoter group will sell 2.68 million shares while 517,200 shares will be offered by various Kotak private equity (PE) entities. Kotak PE owns nearly 4.75% equity stake in the company while promoters hold 63.11%. Retail investors have been allocated 35% of the total shares offered in Advanced Enzyme Technologies IPO.
Ipo Central
Home IPO News Advanced Enzyme Technologies IPO to open on 20 July, files RHP IPO NEWSUPCOMING IPOS Advanced Enzyme Technologies IPO to open on 20 July, files RHP By Anurag Gupta - July 12, 2016 119 0
Advanced Enzyme Technologies has filed its red herring prospectus (RHP) for its upcoming IPO which will open for subscription on 20 July and will close on 22 July. In the prospectus filed with capital market regulator SEBI, the Thane-based company said it will raise INR500 million (INR50 crore) by issuing new shares while existing shareholders will sell 4,034,470 shares through an offer for sale (OFS). Pricing of Advanced Enzyme Technologies IPO will be finalized close to the offer open date.
Advanced Enzymes Technologies IPO Open a Demat Trading Account in 1 hour Get FLAT 20% Discount on on Brokerage for Online Trades Out of the money raised by the company, INR400 million (INR40 crore) will be used for repayment / pre-payment of certain loans availed by its fully-owned subsidiary Advanced Enzymes USA. Through the OFS, promoter group will sell 2.68 million shares while 517,200 shares will be offered by various Kotak private equity (PE) entities. Kotak PE owns nearly 4.75% equity stake in the company while promoters hold 63.11%. Retail investors have been allocated 35% of the total shares offered in Advanced Enzyme Technologies IPO.
Read Also: L&T Infotech IPO Review: Fast and steady wins the race
Advanced Enzyme is India’s largest enzyme company and is engaged in the research and development, manufacturing and marketing of 400+ proprietary products developed from 60 indigenous enzymes. The company claims to be a fully integrated enzyme manufacturing company and ranks among the top 15 global companies in terms of enzyme sales. In the domestic market, it has the second highest market share after Novozymes which is the global leader in the business. Advanced Enzyme operates in two primary business verticals – Healthcare & Nutrition (87.6% of total revenues in FY 2016) and Bio-Processing (12.4% of total revenues in FY2016). The company offers these products to its global clientele of more than 700 customers spanning presence across 50 countries worldwide.
Got this information from ipocentral. Please confirm if this is correct
Subscription Dates 20-22 July 2016 Price Band To be updated soon Fresh Issue Size INR50 crore Offer For Sale 4,034,470 shares Face Value INR10 per share Retail Allocation 35% Listing On BSE, NSE
EAGLEYE MAM DATE IS NOT CONFIRMED YET PRICE BAND NOT CONFIRMED AS YOUR PREVIOUS POST DATE IS 18 TO 20 BEFORE 6 DAYS TO GO BOTH ARE NOT CONFIRMED PLEASE WRITE ABOUT DATE AND PRICE BAND
86. Septa| Link| Bookmark|
July 12, 2016 9:35:23 AM
(4000+ Posts, 4600+ Likes)
I have just started buying Alkem again on dips both technically and fundamental it looking good
Now ,all are rushing for buy quality stock which is still @lower level..while market is going high day by day...enough bought (avg 1300) and suggested on Q4 result as well...only farma left that we can bet is alkem.cadila also moving up slowly towards 400
short term 20% upside is possible fundamental present TTM Eps is around Rs 54 so at 1400 is 26 PE i am comfortable with 33 PE longterm Rs 2000 with EPS increase by 10% at least .... plus it has cash close 900 Crs so some good in organic growth will add more to topline and bottom line
Saksoft is very very volatile share. I was tracking this scrip in january and then I saw it hitting lower circuit for almost 4-5 days successively. So I decided to stay away from it. I suggest you to be very careful.
80. Eagleye| Link| Bookmark|
July 11, 2016 1:57:17 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Nifty Midcap 100 (14077.45): Monthly Close above 14016 would allow for resumption the larger up-move. Supports: 13416 Resistances: 14016
Summary : To summarize, the Index has decisively overhauled its multiple resistances placed around 13638 (Right Shoulder of the Weekly Head & Shoulders pattern), thus indicating culmination of the corrective process since the high of 14237. A decisive Monthly Close above 14016 is required to confirm resumption of the larger up-move. Next target would be placed at 20866. Key near term support is placed at 13416 (Weekly Close basis).
Nifty Smallcap 100 (5928.15): Monthly Close above 6048 is required for longer term strength. Supports: 5723, 5573 Resistance: 6048
Summary : To summarize, at the recent high of 6014, the index has nearly tested its critical resistance placed at 6048 (January 2008 High). A decisive Monthly Close above the same is required for the Index to embark on a long term up-move. This would lead to an initial test of the target placed at 8943. Key near term supports are placed between 5723 & 5573. Sustaining above 5573 on a Weekly Close basis is important for the near term strength to remain intact.
Is this official as mentioned below by a fellow investor ? Issue Opens: 20 July 2016 Issue Closes: 22 July 2016 Can someone please share the link of official declaration of dates ? Thanks !