LIC IPO price band likely to be set at Rs 902-949 a share
The retail portion was subscribed 1.9 times, HNI 1.32 times and institutional investor portion was subscribed 9%
Analysts have flagged concerns around increased competition from bigger hospital players, and the inability to sustain profitability levels.
The government will sell its 3.5 per cent equity in LIC for Rs 21,000 crore, valuing India's largest insurer at Rs 6 trillion
The government believes LIC's valuation would surge, following the insurer's lisiting
The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.
The issue opens April 27 and closes April 29, anchor investors can bid on April 26
Business Standard brings you the top headlines at this hour
In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by Self Certified Syndicate Banks
Kaynes Technology India Limited (KTIL), an end-to-end and IoT solutions enabled integrated electronics manufacturing player, has filed preliminary papers with Sebi to raise funds
Specialty chemical company Prasol Chemicals has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 800 crore through an initial share-sale. The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The company may consider a further issue of equity shares aggregating up to Rs 50 crore. If such placement is completed, the fresh issue size will be reduced. As per market sources, the company is likely to raise around Rs 700-800 crore. The proceeds from the fresh issue to the tune of Rs 160 crore will be used for payment of debt and Rs 30 crore for working capital requirements. Besides, funds will be used for general corporate purposes. Since its inception, Prasol Chemicals, a forward integrated manufacturer of acetone and phosphorus derivatives, has expanded its business and scope of operations,
India's capital market fundraising will remain robust in the next six to 12 months as companies such as LIC are still looking to list, Nomura's Amit Thawani said
This was on account of companies rushing to take advantage of the favourable market sentiment towards IPOs triggered by various reasons
The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting
The issue, which kicked off for subscription on March 30, concluded on April 5
The issue, which kicked off for subscription on March 30, will be open till April 5
KFin Tech offers services and solutions to intermediaries operating in capital market ecosystem such as mutual funds, AIFs and wealth management firms
Small investor portion gets 4.7x subscription; company looks to raise Rs 130 crore in fresh capital
Sebi initiated a preliminary investigation into the company's IPO in February 2012 and later an extensive probe was conducted to ascertain whether there were any violations of regulations
Initial public offerings (IPO) launched after April 1 shall provide a sub-quota within the high net-worth individual (HNI) quota for those investing between Rs 2 lakh and Rs 10 lakh.