Latest Updates Around The World
ICICI Prudential AMC has raised Rs 3,022 crore from 148 investors across sovereign wealth funds, global asset managers, domestic insurers, pension funds, mutual funds and family offices ahead of its Rs 10,600-crore IPO.The participation pattern indicates broad institutional conviction ahead of the public issue, which runs from December 12 to 16 at a price range […]
A slew of foreign and domestic institutions and family offices were among the 26 investors who participated in ICICI Prudential Asset Management’s pre-IPO share sale worth around Rs4,900 crore.Several major investors such as Abu Dhabi’s Lunate, Premji Invest, University of California, the estate of late Rakesh Jhunjhunwala, HCL Capital, 3P India managed by Prashant Jain, […]
India’s record-breaking IPO year is drawing global attention, but one of the country’s prominent market voices says the pipeline quality gap is rapidly widening. Vikas Khemani, founder of Carnelian Capital, said after consulting with investment bankers that barely 5% of companies were worth meeting, and almost none struck the right balance between business fundamentals and […]
Global investors including Singapore’s Temasek Holdings Pte and Capital Group are offering to buy shares in Swiggy Ltd. to buy, according to people familiar with the matter, as the Indian food delivery company looks for fresh funding a year after its market debut.India’s top asset managers including SBI Funds Management Ltd., ICICI Prudential Asset Management […]
ICICI Prudential AMC will launch its IPO on December 12, marking one of the largest IPOs in the financial sector this year. The issue will remain open until December 16, with anchor investors participating a day earlier on December 11.This is a pure sale offer from Prudential Corporation Holdings, which means ICICI Prudential AMC itself […]
ICICI Prudential Asset Management Company’s Rs 10,603 crore IPO is already heating up ahead of its launch on Friday, with a gray market premium of Rs 280 per share indicating a potential listing of 13%, an early signal of strong demand for one of the most anticipated offerings of the year in the Indian asset […]
Next week will see one of the busiest times of the year for India’s primary market, with 11 subscription IPOs in the motherboard and SMB segments. Together, the issuances scheduled for December 8 to 17 will raise about Rs 13,807 crore, including the much-awaited IPO of ICICI Prudential Asset Management, the dates of which are […]
ICICI Prudential Asset Management Company will launch its $1.2 billion initial public offering in the second week of December, two sources said on Thursday. This makes India’s second-largest asset manager the latest in a long list of companies to go public this year.The fund house, which had filed for an initial public offering in July, […]
ICICI Prudential Asset Management Company, India’s most profitable AMC and the largest by active assets under management (AUM), plans to launch its initial public offering worth Rs 10,700 crore next week, according to sources familiar with the matter.In the IPO, which is likely to value the fund house at Rs 107,000 crore, UK-based Prudential will […]
The anchor book of Meesho Ltd. suffered a setback after several major investors pulled out when the Indian e-commerce company reportedly allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt., the country’s largest asset manager, according to people familiar with the matter.That decision prompted a pushback from other major […]
