Tag: IPO

Paytm IPO oversubscribed almost 2 occasions: FIIs flood difficulty, home mutual funds and HNIs present least curiosity – Occasions of India

NEW DELHI: Paytm’s Rs 18,300-crore IPO on Wednesday was oversubscribed 1.89 occasions with international institutional buyers flooding the problem with presents whilst home mutual funds and excessive web price people largely stayed away from the preliminary public providing. The corporate is prone to debut on the inventory change on 18 November. The IPO acquired bids […]

Fino Payments bank raises 539 crore rupees from anchored investors ahead of IPO

The Fino Payments Bank said on Thursday it had raised Rs 539 crore from key investors ahead of its initial share sale which will open for public subscription on Friday. The company has decided to allocate a total of 93 37,641 shares to 29 main investors at Rs 577 each, for a total of Rs […]

Aditya Birla Sun Life AMC IPO: Here’s a snapshot of what you need to know

The share allotment of Aditya Birla Sun Life AMC’s initial public offering is likely to be on Wednesday and was subscribed 5.25 times by the end of the offer’s closing day last week on Friday. The issue was subscribed 56% on Wednesday, the first day of the subscription. A day earlier, the asset manager had allotted […]

LIC to file draft IPO papers with Sebi next month

New Delhi: Country’s largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in country’s history, a finance ministry official has said. “We target to bring the IPO within this fiscal and we have set strict timelines. The DRHP would be filed by November,” the official told PTI. The government […]

Aditya Birla Sun Life AMC IPO fully subscribed on Day-2

The initial public offer of Aditya Birla Sun Life AMC Limited was fully subscribed on the second day on Thursday. The Rs 2,768.25-crore initial share sale received bids for 2,99,46,460 shares against 2,77,99,200 shares on offer, translating into 1.08 times subscription, according to an update on the NSE. The qualified institutional buyers (QIBs) category was subscribed 6 percent, […]

New IPOs to help add $400 bn to m-cap in three years, India to be the 5th largest market globally: Goldman Sachs

Mumbai: New initial public offerings (IPOs) will help add $400 billion to the overall market capitalisation over the next three years, an American brokerage said on Monday. The estimate comes on the back of a surge in IPO activity in the last few months, which has seen companies raise $10 billion from public markets since the beginning […]

Here are 5 key things to know about LIC’s IPO

Market participants are looking forward to the initial public offering of Life Insurance Corp of India as it is part of the government’s mega divestment plan. The government is looking to dilute as much as 10% stake in LIC. According to Motilal Oswal, LIC has assets under management of around Rs 31 lakh crore. LIC is the […]

Govt invites bids for second time from law firms for LIC IPO

The government has for the second time invited bids from law firms to advise it on the mega initial public offering of LIC. On July 15, the government had floated a request for proposal (RFP) inviting bids from reputed legal advisors and the last date for bidding was August 6. However, the RFP did not […]

Paytm creates new company for its online payments business as per RBI guidelines

IPO-bound Paytm will turn its payment aggregator business into a new subsidiary Paytm Payments Services Limited. This follows a directive from the Reserve Bank of India (RBI). The company is seeking approval of the same from its shareholders through an Extraordinary General Meeting on September 23. This will include Paytm’s online payment gateway business. The move to transfer payment aggregator […]

BillDesk cofounder on Prosus deal; pre-IPO boost for Paytm

BillDesk, the Indian fintech firm that predates the word ‘fintech’, will soon be acquired by global tech investor Prosus in a $4.7 billion all-cash deal. MN Srinivasu, one of the firm’s co-founders, told us why BillDesk said yes to Prosus and what the future has in store for the company he helped build 21 years ago. Also in […]

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