DSIJ Mindshare

Real estate company Shriram Properties has received authorization from the Securities Exchange Board of India for an Initial Public Offering (IPO). The company aspires to raise capital of Rs. 1,250 crore by means of an IPO issue.

The markets on April 16, 2019 opened gap up. BSE Sensex is trading at 39,226.32, up by 320.48 points and the Nifty is trading at 11,776.70, up by 86.35 points. 

Cipla Technologies, a subsidiary of Cipla and Pulmatrix Inc., a clinical stage biopharmaceutical company focused on developing novel inhaled therapeutics to serve unmet needs in respiratory disease, announced signing a definitive agreement for the co-development and commercialization of Pulmazole.

Prestige Estates Projects through its wholly-owned subsidiary Prestige Retail Ventures has acquired the entire stakes of Babji Realtors making it an indirect wholly-owned subsidiary of Prestige Estates.

 

The stock debuted at 20 per cent premium to its issue prices on Tuesday. The stock was very popular with IPO subscribers and was subscribed around 52 times.