The QIB portion of the Delhivery IPO garnered 2.66 times subscription, with bids worth Rs 4,385 cr. QIBs also invested Rs 2,346 cr through anchor book
The institutional investor portion of the Delivery IPO issue was subscribed for nearly two times
The institutional investor portion of the issue was subscribed 1.26 times, high-networth individual portion 99 per cent and retail portion 1.3 times
The Bangalore-based HR services platform plans to raise Rs 50 crore in fresh capital through the IPO and the remaining Rs 750 crore will be an offer for sale by existing shareholders
Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year
The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders.
Industry players said the concept, if implemented, would give a fillip to the domestic capital markets, ease the process and encourage more companies to go public
Retail investors still in-the-money
Sebi is seeking comments from the public on its new proposal by June 6
Pristine Logistics & Infraprojects Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
A day earlier, Delhivery raised Rs 2,346 crore from 64 anchor investors
The actual number of valid applications will be formally announced by LIC ahead of its listing
The category meant for retail investors received 2.59 times subscription, while the portion for non-institutional investors got subscribed 34% and QIBs 30%
LIC IPO saw 2.95 times more demand than the shares on offer on the final day of bidding
Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year
The retail investor portion was subscribed 71%. A day earlier, form allotted shares worth Rs 160 cr to anchor investors
Deal done at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments
The Indian logistics business is poised for tremendous expansion, and the IPO-bound Delhivery, with its focus on the fast-growing e-commerce market, has promising growth potential ahead of it
Move to have a separate quota for policyholders proves a game-changer, say experts
The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore