Macrotech Developers IPO witness 29% subscription on Day 2
Thu, Apr 8, 2021 12:53 PM

Macrotech Developers IPO witness 29% subscription on Day 2

Get it on Google Play
The Macrotech Developers IPO has seen a subscription of 29%, with investors bidding for 1.03 crore equity shares against the IPO size of 3.64 crore equity shares by noon on April 8, the second day of bidding. Retail investors who have been enthusiastic participants in initial public offerings have been slow to respond to Macrotech, an indication that they are cautious about investing.

More great flips

Ashoka Buildcon Q4 PAT may decline 35.4% YoY to Rs 106 cr: Sharekhan

Ashoka Buildcon Q4 PAT may decline 35.4% YoY to Rs 106 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Infrastructure sector. The brokerage house expects Ashoka Buildcon to report net profit at Rs 106 crore down 35.4% year-on-year (up 23.9% quarter-on-quarter). Net Sales are expected to increase by 7.5% Y-o-Y (up 37.6% Q-o-Q) to Rs 1,349 crore, according to Sharekhan.

Open Flip
Air India looking for new CEOs to head its subsidiaries

Air India looking for new CEOs to head its subsidiaries

Air India is looking out for candidates to fill the chief executive's post at its subsidiaries Air India Air Transport Services Ltd (AIASL), Air India Engineering Services Ltd (AIESL), and Alliance Air Aviation Ltd (AAAL), the airline announced on Wednesday. The last day for receipt of the application is 3 May, according to a notification from the airline's general manager (personnel).

Open Flip
KNR Constructions Q4 PAT may decline 6.9% YoY to Rs 63 cr: Sharekhan

KNR Constructions Q4 PAT may decline 6.9% YoY to Rs 63 cr: Sharekhan

Sharekhan has worked out its Q4 (January-March’ 21) earnings estimates for the Infrastructure sector. The brokerage house expects KNR Constructions to report net profit at Rs 63 crore down 6.9% year-on-year (up 0.7% quarter-on-quarter). Net Sales are expected to increase by 5.5% Y-o-Y (up 7.5% Q-o-Q) to Rs 713 crore, according to Sharekhan.

Open Flip

Join our Smart Investment Community

More than 100,000 users are using FlipItNews to stay updated about the business and finance world! Join FlipItNews now and take smart investment decisions!
Icon