​​​The initial public offer (IPO) is purely an offer for sale of 36,364,838 equity shares by promoter and existing shareholders, according to the draft red herring prospectus (DRHP).
ASL said in a statement that its board approved the allotment of 68.5 lakh equity shares, aggregating to about Rs 85 crore, to HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1) and the promoters of ASL for Rs 124 per share.
The total inflow has reached Rs 3,070 crore in the asset class during the first eight months of the current year (January-August), data with the Association of Mutual Funds in India (Amfi) showed.
The Dow Jones Industrial Average rose 70.21 points, or 0.20 per cent, at the open to 34,949.59.
Specialty chemicals continue to remain a high-growth industry. However, it is witnessing a few headwinds on the margin front in the short- to medium-term.
New government-directed spending is driving up the demand for materials needed to build a cleaner economy. At the same time, tightening regulation is limiting supply by discouraging investment in mines, smelters, etc.
In a career filled with other bad trades, missed opportunities and judgment errors, some decisions stand out, not just for the lost money, but for the lessons learned, writes Barry Ritholtz.
"Didi is currently actively and fully cooperating with cybersecurity probe, foreign media reports that Beijing city government is coordinating companies to invest in it are incorrect," it said on Weibo.
This week, the market momentum is likely to be decided by industrial output data. Concerns over production in the domestic auto sector due to chip shortage is likely to be a key driver for Dalal Street.
The quantum of investment in the debt segment is highest in this calendar year so far.
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