Tata Capital’s RS 15,512-Crore IPO, one of the largest public issues of the year, is open today for subscription. In the first hour of bidding, the issue was subscribed to 17%, with bids received for 5.58 Crore shares against the total range of 33.34 Crore shares. The IPO will remain open for three days and […]
Canara HSBC Life Insurance Company will launch its first public offer on 10 October. The IPO, which will be fully an offer for sale (OFS) of 23.75 crore shares, will be closed on October 14. The company will assign part of the IPO shares to investors a day prior to the launch. The price band, […]
Tata Capital, the Financial Services Arm from the Tata Group, opens its RS 15,511 Crore Initial Public Offer (IPO) for subscription on 6 October. The issue, priced between RS 310 and RS 326 per share, consists of a new edition of shares of RS 6,846 Crore and an offer for sale (OFS) of RS 8,665 […]
To improve the credit stream, the Reserve Bank of India (RBI) raised the ceiling on Wednesday to take a loan against shares of the existing RS 20 Lakh to RS 1 crore. It has also increased the IPO financing limit to RS 25 Lakh. “It is proposed to remove the legal ceiling on lending against […]
Shares of Epack Prefab Technologies debuted on Wednesday with a discount on his IPO price. On the NSE, the shares opened at RS 183.85, with 9.87% compared to the issue price of RS 204, while it was mentioned on the BSE on RS 186.10, a discount of 8.73%. The offer came under the expectations of […]
The RS 464 Crore from GK Energy has seen a solid response from investors and has so far subscribed to Tuesday, third and last day of the bid process. In the Gray Market, the IPOs premium has seen a slight dip – which is currently floating around 12% above the issue price of RS 153, […]
Digital payments Major and Walmart-stunned Phonepe limited his losses for FY25 after it had reported a consolidated loss of RS 1,720 Crore in FY25, which marked an improvement of 13.9% compared to the RS 1,998 Crore loss that was reported in the previous year. The company rotated the free cash flow with cash flow of […]
Momentum Group Ltd. is open to considering a first public offer for his Indian company with billionaire Kumar Mangalam Birla while the South African insurer rises its expansion plans in the third largest economy of Asia. The company established in Pretoria, which has 3 billion edge ($ 172 million) in surplus capital in its books, […]
Ahmedabad head office Knack packaging has submitted its Concept Red Herring Prospectus (DRHP) to Market Regulator Securities and Exchange Board of India (Sebi). The company wants to increase RS 475 Crore via a Fresh Equity share problem, in addition to an offer (OFS) in which promoters and existing shareholders will discharge 70 Lakh shares. About […]
Sharvaya Metals, a manufacturer of aluminum products, said on Wednesday that the RS 17 Crore from Anchor Investors collected the day before the first opening of the stock sales for the public subscription on 4 September. NAV Capital, Craft Emerging Market Fund, PCC-Citadel Capital Fund, Krushnam Nexus Capital Scheme I, Penta Team Inventure Capital Scheme […]