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ICICI Securities has set a price band of Rs519-520 per share for the IPO.
Wipro and Ensono have also signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of the agreement, Wipro will make a $550-million strategic investment in Ensono’s combined entity.
The fund, which will have a green shoe option to raise another $20 million, will invest in business-to-business and consumer technology start-ups.
Bharat Dynamics has set a price band of Rs413-428 per share for the IPO. The offer will close on 15 February.
Industry experts said seafood exporters are encouraged by the stellar market performance of listed peers.
MedGenome’s Series C round was joined by Sequoia, Sofina, Zodius Capital, former Infosys CEO Kris Gopalakrishnan and former Cognizant CEO Lakshmi Narayanan.
The share sale is part of the Indian government’s plans to pare stakes in public sector enterprises through various routes such as IPOs and strategic sales.
Proceeds from the IPO will be utilized for setting up of a shrimp processing unit, an aqua-feed mill facility and a new corporate office.
The IPO activity in March is expected to be led by companies such as state-owned fighter jet maker Hindustan Aeronautics Ltd (HAL), Bandhan Bank Ltd and ICICI Securities Ltd.
The association would aid Federal Bank in offering a host of products including wealth management services to high-net-worth individuals.