Adroit Industries IPO Conducted in India
1 report, 1 independent
Updated Mon 00:00
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What happened
Adroit Industries (India) conducted an Initial Public Offering in India. The shares were sold in a price band of Rs 126-134 apiece, raising Rs 151 crore between September 23 and September 25. Choice Capital Advisors served as the sole book running lead manager, and Bigshare Services was the registrar of the issue.
From businesstoday.in
Why it matters
The IPO details include specific allotment odds for different investor categories. For example, in the Retail category, one investor out of 80 was projected to receive 111 shares.
From businesstoday.in
Who's involved
- BoeingParticipated in the Initial Public Offering in India.
- SBI SecuritiesIs possibly affected by the IPO validating a buy rating.
Keep exploring
The entities involved
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Boeing
American global aerospace and defense corporation
Related events
- Global OEMs are seeking diversification from India.
- Akasa Air and Air India are operating in the Indian aviation market, currently considering a large order for over 200 aircraft from Boeing.
- India seeks to become a global aerospace manufacturing hub, supported by Air India's dramatic fleet renewal program.
- Air India's operations in India are facing scrutiny over safety shortcomings, prompting an assessment of India's global reputation.
- In 2010, business interests were promoted between Boeing and India, focusing on potential major defense and commercial contracts.