DSIJ Mindshare

Ashiana Housing Limited has entered into an agreement with International Finance Corporation (IFC) which is a part of World Bank Group to co-invest in upcoming affordable and middle-income residential projects which will include senior-living projects.

The upcoming IPO of Lemon Tree Hotels consists purely of Offer for Sale (OFS). Through this OFS, the company is offering 18,54,79,400 equity shares with face value of Rs 10 per share. The IPO size is worth Rs 1038.7 crore. The price band is in the range of Rs 54-56 per share. The minimum lot size consists of 265 shares. The issue will remain open for subscription from March 26-28, 2018.

Another Government of India company, Mishra Dhatu Nigam (Midhani), is set to get listed on the BSE and NSE through IPO. The issue will remain open from March 21 to March 23, 2018. The issue consists fully of Offer for Sale (OFS) of Rs 438.4 crore, offering 4,87,08,400 equity shares with face value of Rs 10 per equity share.

The IPO of Bharat Dynamics will remain open for subscription from March 13-15, 2018. The issue consists of Offer for Sale (OFS) where the Indian government is selling 12% stake worth Rs 960.94 crore. The issue price is in the range of Rs 413-428 per equity share having face value of Rs 10 each.

The IT sector has been on a recovery mode since the past few months. In October 2017, the BSE Information Technology index stood at 10,005.49. It touched new 52-week high of 13,126.39 in January 2018. Currently it is trading at 12,439.91 levels. Thus, in past 4 months, the index has surged by ~25 per cent.