trending Market Intelligence /marketintelligence/en/news-insights/trending/r2i1phwownw7qsmmazfx8g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Jain Group's hospitality unit targets 305M rupees in Mumbai IPO

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Jain Group's hospitality unit targets 305M rupees in Mumbai IPO

Dream Gateway Hotels Ltd., the hospitality arm of Jain Group Pvt. Ltd., is seeking 305.0 million Indian rupees from its planned IPO in Mumbai, Mint reported June 12, citing a draft red herring prospectus filed with the Securities and Exchange Board of India.

Dream Gateway's listing on the Bombay Stock Exchange's special trading platform for small and medium-sized enterprises is expected around June-end, according to the publication. It will involve the sale of 3.22 million shares to investors and about 170,000 more to market makers at 90 rupees per share.

The offering price, Mint said, is well below the 140-rupee to 150-rupee per-share price that Jain Group announced it was expecting from the IPO in December 2017.

Proceeds will be used for Dream Gateway's expansion. The company, which previously partnered with InterContinental Hotels Group PLC, has 3.65 billion rupees reserved to expand operations in the Indian cities of Kolkata, Siliguri and Durgapur within three years.

As of June 12, US$1 was equivalent to 67.48 Indian rupees.