Agra-based PNC Infratech Limited (PNC) will raise about Rs 478 crore through Initial Public Offering (IPO), which will open on Friday. The fund will be used partly for repaying debt and investing in capital equipment.
The Rs 600 crore-IPO of UFO Moviez India saw twice the demand compared to shares on offer. The 6.8 million-share offering saw more than 13.4 million bids, majority of which came from institutional investors.
CL Educate, a leading education services company spanning coaching, vocational training, publishing and K12 schools, today announced the postponement of their plans to go public on account of strategic opportunities.
The IPO lane is getting increasingly crowded as companies have lined up offers worth nearly Rs 9,000 crore in the current fiscal to fund their business expansion, meet working capital requirements and make loan repayment.