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LIC market debut: The LIC IPO has been the country's largest so far but a weak debut comes as a disappointment.
Much-awaited ₹21,000 crore LIC IPO has opened for the general public at a price band of ₹902 to ₹949 per equity share.
Updated on May 04, 2022 11:49 AM IST
Sharmita Kar | Edited by Chandrashekar Srinivasan, New Delhi
The government had initially wanted to list LIC in the last financial year that ended March 31 but had to delay the sale after the Russia-Ukraine war triggered a market rout.
Published on Apr 26, 2022 10:57 AM IST
The year 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the IPO space wherein companies mopped up more than ₹1.2 lakh crore this year.
Published on Dec 29, 2021 01:58 PM IST
Initial public offerings (IPOs) around the world raised a record $594 billion in 2021, riding the coattails of stock market rallies. In India, 63 corporates raised over $13.33 billion through main-board IPOs this year so far.
Published on Dec 25, 2021 11:45 AM IST
This is the second attempt by CMS Info Systems to launch an IPO. It has earlier tried for it in 2017, and even received clearance from Sebi, but the plan couldn't move forward. Through the IPO, the company is seeking a market value of ₹3,196.80 crore.
Supriya Lifescience IPO was fully subscribed within a few hours of opening for subscription last Thursday on the back of a strong response from investors.
Published on Dec 20, 2021 08:57 PM IST
The markets in India have seen a boom in the number of IPOs being launched. In the last few months, many major companies including Paytm and Zomato have taken the IPO route to raise funds. Supriya Lifescience IPO comprises equity shares worth ₹200 crore.
RateGain Travel Technologies has decided to allocate 14,090,136 equity shares to 34 anchor investors at ₹425 apiece, valuing the transaction size to ₹598.83 crore.
Published on Dec 07, 2021 12:26 PM IST
Tega Industries IPO, which opened for bidding between December 1 and December 3, received bids for 2,09,58,69,600 shares against 95,68,636 shares on offer, data with the exchanges show.
Published on Dec 06, 2021 11:18 AM IST
Anand Rathi Wealth said on Tuesday it has fixed a price band of ₹530-550 a share for its ₹660-crore IPO.
Published on Dec 01, 2021 04:41 PM IST
Tega Industries IPO is purely an offer for sale (OFS) of 1,36,69,478 equity shares by promoters and an existing shareholder.
Published on Dec 01, 2021 11:13 AM IST
The Star Health and Allied Insurance IPO comprises a fresh issue of equity shares worth Rs 2,000 crore and an offer-for-sale of up to 58,324,225 equity shares by promoters and existing shareholders.
Published on Nov 28, 2021 06:29 AM IST
Paytm opened its initial public offer for subscription for three days, during which it was subscribed 1.89 times. Founder Vijay Shekhar Sharma is offloading his share worth up to $53.94 million in Paytm through the IPO, along with top investor Ant Financial.
Published on Nov 18, 2021 07:47 AM IST
Some of the IPOs, which came before Paytm, saw a high subscription, especially on the final day of bidding. Coal India had closed at 15.28 times on the last day. The same trend was seen for Nykaa and PolicyBazaar.
Go Fashion IPO comprises fresh issue of equity shares aggregating up to ₹125 crore and an offer for sale (OFS) of up to 12,878,389 equity shares by promoter and existing shareholders.
Published on Nov 17, 2021 10:03 AM IST
Policybazaar parent company PB Fintech initial public offering (IPO) received a good response with the issue subscribed nearly 16.59 times from November 1 to November 3, garnering bids worth ₹56,093.64 crore.
Published on Nov 15, 2021 10:47 AM IST
Fino Payments Bank IPO was subscribed 2.03 times on the last day of subscription that opened on October 29 and closed on November 2.
Published on Nov 12, 2021 10:30 AM IST
FSN E-Commerce Ventures Ltd, the parent company of Nykaa, raised $720 million in its IPO and saw shares rise 96 per cent on its first day of trading on Wednesday. This put founder Falguni Nayar in the league of the world's richest.
Paytm IPO has received a mixed response from analysts, with some calling it a good bet to ride India's fintech wave and others pointing at expensive pricing. It is expected to be the biggest since Coal India's IPO in 2010.
Published on Nov 09, 2021 05:54 AM IST
Several companies including Paytm have tapped capital markets this year in a fund-raising frenzy on the back of record highs hit by the Indian stock market, which has outperformed Asian peers so far.
Published on Nov 08, 2021 06:45 AM IST
Retail investors are often left high and dry at the time of share allotment, considering most of the IPOs these days are getting oversubscribed. So how should one ride on the IPO craze and benefit from the excitement?
Updated on Nov 06, 2021 01:55 PM IST
Paytm IPO will be the biggest in the country after Coal India's IPO in 2010 wherein the state-owned had garnered $2.03 billion. Paytm has mobile payments transaction volume market share of approximately 40 per cent.
Published on Nov 04, 2021 11:09 AM IST
The IPO of Sigachi Industries consisted of a fresh issue of 7.70 million shares, significantly above the earlier plan of 2.84 million shares. The company is looking to raise a capital of ₹125.43 crore from the subscriptions.
From starting out as a digital wallet to simplify mobile recharging, Paytm rapidly grew into an all-round quick payment option. The company plans to raise over $1 billion with anchor investors ahead of IPO launch.
Published on Nov 02, 2021 11:45 AM IST
The price range for the initial public offer is at ₹1,085-1,125 per share. Nykaa has said that it will use the IPO proceeds to set up new retail stores, fund capital spending and repay debts.
PB Fintech Ltd said on Friday it has garnered a little over ₹2,569 crore from anchor investors ahead of its IPO.
Published on Nov 01, 2021 07:57 AM IST
The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for subscription right now.
Published on Oct 31, 2021 12:48 PM IST
The Fino Payments Bank IPO is expected to fetch ₹1,200.3 crore at the upper end of the price band. Investors can bid for a minimum of 25 equity shares and in multiples of 25 equity shares thereafter.
Published on Oct 29, 2021 10:27 AM IST
FSN E-Commerce, which operates Nykaa, said on Wednesday that it received bids for 40 times the number of shares it plans to sell to anchor investors in its IPO. Nykaa was founded by former investment banker Falguni Nayar in 2012.
Published on Oct 28, 2021 05:35 AM IST