Institutional investors bid for 2.79 times the shares reserved for them, while retail investors bid for 1.66 times
Business Standard brings you the top stories from today
Business Standard brings you the top stories from today
Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, say sources
BlackRock Global Funds, Canada Pension Plan Investment Board and Abu Dhabi Investment Authority were among the investors
The initial public offer of the company received a whopping 101.91 times subscription
IPO was Rs 300 crore fresh fund raise, Rs 900 crore secondary share sale by promoter Fino Paytech; bank will use fresh proceeds to augment tier-1 capital base
The company received bids for 40 times the number of shares it plans to sell to anchor investors in its IPO
The initial public offering (IPO) will conclude on November 11
Paytm plans to raise Rs 18,300 crore from the IPO
"Our life is going to become QSQT now or quarter se quarter tak (from one quarter to next)," says Vijay Shekhar Sharma.
Fino Payments Bank on Tuesday said it has fixed a price band of Rs 560-577 a share for its Rs 1,200-crore initial public offering, which will open on October 29. The three-day initial share-sale will conclude on November 2, the company announced in a virtual press conference. The initial public offer (IPO) includes a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of 15,602,999 equity shares by the promoter Fino Paytech. The offer includes a reservation of Rs 3 crore worth of shares for the company's eligible employees. At the upper end of the price band, the initial share-sale is expected to fetch Rs 1,200.3 crore. Proceeds from the fresh issue would be used towards augmenting the bank's Tier-1 capital base to meet its future capital requirements. Investors can bid for a minimum of 25 equity shares and in multiples of 25 equity shares thereafter. The company said that up to 75 per cent of the total offer has been reserved for qualified institutional
The IPO of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders
Business Standard brings you the top stories from today
If Paytm achieves its Rs 16,600 cr IPO target, it would surpass the more than Rs 15,000 cr raised by Coal India in 2013
Moody's upgrades outlook on Indian banking from 'negative' to 'stable'
As many as six companies, including Nykaa, Adani Wilmar and Star Health & Allied Insurance, have received capital markets regulator Sebi's go-ahead to launch initial share-sales. Apart from these, Penna Cement Industries, Latent View Analytics and Sigachi Industries too received Sebi's clearance to raise funds through the initial public offerings. These six companies, which filed their preliminary IPO papers with Sebi between May and August, obtained its "observations" during October 11-14, an update with Sebi showed on Monday. In Sebi parlance, issuance of observations implies its go-ahead to float the initial public offering (IPO). Going by the draft papers, the IPO of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, comprises fresh issue of equity shares worth Rs 525 crore and an offer for sale (OFS) of 43,111,670 equity shares by promoter and existing shareholders. Those selling shares in the OFS are -- promoter Sanjay Nayar ..
Rs 1,500 crore will be mopped up through fresh issue of shares
The company, which has about 6,000 employees in India
As the BSE Sensex has recently scaled the 60,000 mark, there is a beeline of companies across the country to tap the primary market