The portion of qualified institutional buyers was subscribed 42.25 times
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 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
All that happened in the markets today
Angel Broking will be looking to ride the boom in broking industry seen this financial year
At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50% since March
Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital
A price band of Rs 345-350 apiece per share has been fixed for the IPO that will conclude on September 11
In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to $500 million initial public offering
Analysts at Choice Broking remain positive on the company's prospects on hopes that India could compete with China to become a global manufacturer in the post Covid-19 era
Apart from the boycott campaign, Indian intelligence agencies have red-flagged usage of over 50 China-linked apps as being a threat to national security.
ZoomInfo said its customers in industries most impacted by the pandemic, including retail, restaurant, hotels, airlines and oil and gas
Warner Music is also working to line up institutions that, along with Tencent, would serve as anchor investors contributing a total of more than $1 billion toward a fundraising goal
Valuation computations for proposed deals go awry
Market sources said the IPO size will be worth Rs 700 crore
The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale
Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones
According to the DRHP, the IPO comprises a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) amounting to Rs 176.2 crore
The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares
The shares of the company are proposed to be listed on the BSE and NSE