The government said on Monday it was cutting the tax rate for Aramco to 50 per cent from 85 per cent as part of preparations for next year's IPO, which would sell as much as 5 per cent of the company.
The step appeared likely to reduce Aramco's tax burden by as much as tens of billions of dollars, which could make the firm much more attractive to private investors.
Au financiers' IPO comprises sale of 53,422,169 shares by the existing shareholders, which include promoters and the promoter group.
The initial public offer (IPO) comprises fresh issue of shares worth up to Rs 307.4 crore and an offer for sale of up to Rs 242.6 crore by existing shareholders, the company said in a statement.
The regulator said that Amadhi Investments made illegal profits to the tune of Rs 77.77 lakh by selling the shares of FCS and Sasken cornered in the IPOs.
The company -- the largest public sector shipyard in India in terms of dock capacity -- caters to the defence sector as well as commercial sector worldwide.
The retailer of home improvement and building products received bids for 218.7 million shares against 5.3 million shares on offer, according to data available as of 6:15 pm.
The proposed public issue comprised sale of fresh issue of up to 1 crore equity shares of Four SeasonsResidency.
D-Mart shares surged as much as 117 per cent to Rs 648.8 on the first day of listing against the issue price of Rs 299.
The IPO, the biggest since PNB Housing Finance's Rs 3,000 crore offer in October last year, was subscribed more than 104 times earlier this month.
The bidding for the CL Educate issue will start on March 20 and close on March 22 while Shankara Building Products' IPO will open for public subscription on March 22.
The public issue is being managed by IDBI Capital Markets & Securities and Elara Capital (India) Pvt Ltd.
The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 9.14 times and that for non institutional investors 4.97 times.
Radhakishan Damani-promoted Avenue Supermarts is offering 10 per cent of its stake to the public in a price band of Rs 295-Rs 299.
Avenue Supermarts plans to raise Rs 1,870 crore through the IPO and the proceeds would be utilised for various purposes, including loan repayment.
Radio City FM channel operator Music Broadcast Ltd and Avenue Supermarts that runs supermarket retail chain D-Mart will come out with their initial public offerings this week.
Snap's offering was well timed, with investors clamouring for fresh opportunities after 2016 marked the slowest year for tech IPOs since 2008.
Snap priced 200 million shares on Wednesday night at $17, above its stated range of $14 to $16 dollars a share.