Aye Finance bulk deal
Goldman Sachs bought these shares via its Goldman Sachs Funds Goldman Sachs India Equity Portfolio.
Aye Finance today made a lackluster market debut, with flat listing against the issue price of Rs 129 per share. The stock today ended at Rs 128.80, sliding 0.16% from the issue price.
Incorporated in 1993, Aye Finance is a non-banking financial company (NBFC) that provides secured and unsecured small business loans to micro-scale MSMEs, primarily for working capital needs. The company currently serves over 5.86 lakh active customers across 18 states and three Union Territories.
The issue was launched on February 9 and it ended on February 11. The issue failed to generate enthusiasm among investors, getting subscribed 97%. The IPO received 4,42,21,288 share bids against 4,55,32,785 shares offered. The retail quota was booked 77% while non-institutional investors subscribed just 5% of their allotted shares. The response from Qualified Institutional Buyers(QIBs) was encouraging with 1.50 times subscription.
EIL bulk deal
EIL, a leading Indian public sector engineering consultancy & technology licensing company had a buyer in BofA Securities Europe SA. The shares were bought at a price of Rs 217.06 apiece, which was an 8% premium over the Friday closing price of Rs 201.67.
EIL shares today ended the session at Rs 230.51, gaining Rs 28.84 or 14.30% from the last closing price.The stock has been a market outperformer with 41% returns over a 1-year period. In the past three year, its prices have jumped nearly 200%.
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