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Equitas Small Finance Bank on Thursday fixed the price band for its over Rs 500 crore initial public offering (IPO) at Rs 32-Rs 33 per equity share
ESFB filed the papers on October 11, EHL said in a regulatory filing. The prospectus was taken on record by the RoC on October 13, it added
The retail portion of the IPO was subscribed nearly 4 times, while the institutional investor category was over-bid by 90 times
The initial public offer (IPO) is entirely an offer-for-sale through which government will offload 8.66 crore equity shares, draft papers filed with Sebi showed
The last hugely subscribed PSU IPO was that of IRCTC last year
Beckham-backed Guild Esports said on Tuesday it raised £20 million ($25.6 million) in a London listing, buoyed by the rising popularity of online games.
The regulator has said the validity of Sebi observations for initial public offerings (IPOs) expiring between October 1, 2020 and March 31,2021 will be extended till March 31, 2021
Govt is looking to raise Rs 440 crore by divesting 15.2% stake through Mazagaon IPO
The share sale is being done to comply with the 25-per cent minimum public shareholding norms
UTI AMC is the second-largest asset management company in India in terms of total assets under management (AUM).
The company is primarily engaged in constructing and repairing warships and submarines for MoD and other types of vessels for commercial clients
Mazagon is India's only shipyard engaged in building destroyers and conventional submarines for Indian Navy
While in terms of volume this has been a busy month, the cumulative amount, Rs 7,123 cr, being raised is relatively low
Those who invest in an IPO are among the first to buy shares in the company after it goes public and hence there is a price discovery that is yet to happen
The wealthy investor portion was subscribed 0.16x, and the retail investor portion was subscribed 1.46x
The firm is a manufacturer of specialised chemical products
The institutional investor section was subscribed 0.83x, the high networth individuals (HNI) portion was subscribed 1.22x
The initial public offer is of up to over 1.82 crore shares and is in the price range of Rs 1,229-1,230 per share
The public issue will close on September 24
Increase in direct market participation has bolstered critical benchmarks in recent times; key financials don't offer comfort