Mahindra Holidays & Resorts IPO may boost primary market…
Mahindra Holidays & Resort IPO subscription seems to have good response. Let’s wait & see the subscription till 26th June its closing day.
· Ending a four-month long lull in the domestic IPO segment, Mahindra Holidays & Resorts is set to come out with an initial Public offering yesterday, which analysts feel could signal a revival in the primary market.
· The IPO of Mahindra Holidays would be the first public offer to hit the market in the last four months since the public offering of Chennai-based EdServ Softsystems in early February.
· Faced with uncertain financial conditions and economic sluggishness, firms have been holding back their plans to hit the capital market.
· With possible signs of revival, experts feel the segment is now expected to witness frenzied activity.
· The IPO of Mahindra Holidays, which is part of diversified group Mahindra & Mahindra, opens on June 23 till June 26th and the entity plans to mop up Rs 301 crore from the primary market, as per data available on the National Stock Exchange.
· The company would be hitting the capital market with an IPO of 92.65 lakh equity shares and has fixed a price band in the range of Rs 275-325. “Since the IPO is being brought in by a business conglomerate, the response would be closely watched by the investors.
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