Promoter Fairbridge Capital to sell 8.5% stake in Thomas Cook via OFS

The government will offload about 3.76 crore shares, which represents 4% stake through the OFS, and in the case of oversubscription, an additional 4% stake will be under sale

Promoters of IndoStar Capital Finance propose to sell up to 1,93,40,000 equity shares representing 14.21% of the total paid-up equity shares with a face value of ₹10.00. The floor price of the offer will be be ₹ 95 per equity share

SBFC Finance's initial public offering (IPO) will be open for public subscription from August 3-7. The company's shares are commanding a premium of Rs 40 in the unlisted market, indicating healthy demand.

The stock is currently trading nearly 8% down at Rs 396.90 on BSE. It hit the day's low of Rs 387.75, translating into a fall of 11% from IPO price. The tepid listing was expected after the downtrend in company shares in the unlisted market since the IPO opened for subscription. The issue was subscribed 2.21 times at close

On Wednesday, the government announced plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC, and set the floor price at Rs 66/share. This was at a steep discount of nearly 10% to the closing price of the stock. Further, the government said it would sell an additional 100,450,348 shares, representing a 1% stake, in case of an oversubscription.

HMA Agro Industries, a leading exporter of frozen buffalo meat in India, is set to launch its Rs 480 crore ($72m) initial share sale which opens on 20 June and closes on 23 June. The public offer comprises a fresh issue of equity shares up to Rs 150 crore and an offer for sale of Rs 330 crore by promoters and selling shareholders. The price band for the public offer has been set at Rs 555-585 per equity share, the upper end of which values the company at Rs 2,929 crore.

The indicative price for the bids was Rs2,468.98, higher than the floor price of Rs2,450 per share

Founders of mid-scale startups, who spoke to ET, said existing investors in their companies are demanding exits even at reduced valuations.

At the upper end of the price band, the company plans to raise about Rs 840 crore. Investors can bid for a minimum of 43 equity shares and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

The IPO was subscribed 5.44 times, led by retail investors. About 75% of the offer was reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.