Xander and Norwest were to part-exit in the IPO.
Four of the five firms trading below issue price are PE-backed.
The firm had opened its IPO with a price band of Rs 615-625 a share.
The public issue will provide a partial exit to Jacob Ballas.
PE investor Jacob Ballas is selling a little over one-fifth of its holding.
Jacob Ballas to generate modest return on its close to four-year-old investment.
The company had fixed issue price at the lower end of the band.
Alchemy Ashmore had invested in Numero Uno in 2008.
Last time this happened was in 2009-10.
New Silk Route part-exited in the issue.
Aster DM Healthcare is also planning to go for IPO.
Providence and 3i have offered to sell shares in the offer-for-sale.
3i had part exited in 2011 when Providence bought a stake.
Aditya Birla PE entered the company as a pre-IPO investor last August.
It received shareholders' approval last year to raise up to Rs 850 crore through QIP.
It plans to use the money to repay debt.
Blackstone is looking to sell under one-fifth of its stake in the firm.
The firm raised under $12 million from a clutch of mutual funds as anchor investors.
Syngene was valued at Rs 3,800 crore last year when IVFA invested in the firm.
It is also backed by WestBridge Capital.
Very helpful article. thanks.
HT will do a poor job at this as they have done with all their digital properties.. Unlikely that they will get...
Companies like this truly help true innovation and bring India and IIT a good name. Good job VillPro and Tanuj...
This is another shit by an IIT so only received a funding. A close study clearly says so much of bias for startups...