Investing in Bharat 22 ETF is like participating in the Indian growth story and I am sure investors will take part in this growth story said, Neeraj Kumar Gupta, Secretary, DIPAM.
As much as 25 percent of the total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore, ICICI Prudential MF said.
Khadim India has settled the trade at Rs 688.85 per share on the National Stock Exchange against IPO price of Rs 750. During the day, it could not cross issue price.
During the initial share sale, as many as 307 shareholders will sell 63,31,674 shares of the company, according to the draft red herring prospectus (DRHP )filed with Sebi.
The stock fell as much as 4.5 percent in early trade to hit day's low of Rs 716 while its pre-opening price of Rs 730 remained the highest level.
Seven Islands Shipping has received SEBI's go-ahead to raise an estimated Rs 450 crore through an initial public offering, latest update with markets regulator showed.
The company’s shares closed at Rs 725.05 apiece, down 3.18 percent to the listing price of Rs 748.90 apiece, on the BSE.
Khadim India's IPO was subscribed 1.90 times during November 2-6. The price band for the offer was fixed at Rs 745-750 per share.
The Gurugram-based company has appointed Axis Capital and ICICI Securities as merchant bankers to advise it on its plans to list on the stock exchanges
The new entrant’s initial public offering (IPO), which sought to raise Rs 9,600 crore, was oversubscribed around 1.19 times. The price band was Rs 770-800 per share.
The country's largest general insurance firm New India Assurance Company, which recently concluded its initial public offer, will be making its stock market debut on Monday, November 13, and most likely at a discount or to a slight premium.
Seaways had earlier planned for an initial public offering, and accordingly filed the draft red herring prospectus (DRHP) last year.
The company aims to expand exports into markets that have similar eco pattern as India – markets like South East Asia, Latin America, Africa etc, said Sanjay Nayak, MD & CEO, Tejas Networks.
The company is making an initial public offering of equity shares of face value of Rs 10 each for cash comprising of a fresh issue of equity shares aggregating up to Rs 450 crore and an offer for sale of up to 12,711,605 equity shares through offer for sale, it said in a statement.
It could be the first initial public offering by a major asset management company (AMC) in India though smaller rival UTI MF's IPO plans have been in the works for a long time.
Reliance Nippon Life Asset Management (RNAM) has got approval from its board of directors for an initial public offer of AMC.
The company, which last month concluded its Rs 2,250 crore initial public offering, commands a market valuation of Rs 2,660.12 crore.
India Grid Trust fell as much as 6.3 percent in early trade to Rs 93.70 amid consolidation in the market.
ICICI Lombard General Insurance has picked BofA Merill Lynch and group company ICICI Securities as advisors for its initial public offering, according to a source familiar with the development.
Dalal Street is likely to see a line-up of IPOs this month with at least four companies –Tejas Networks, Central Depositary Services, Eris Lifesciences, and Au Small Finance Bank – reportedly looking to raise up to Rs 5,000 crore in all through initial issues.
A senior official associated with the development said the Bank wants to space out the IPO, so that they do not clash with the other issues that will come out this year.
Hem Securities has come out with its report on S Chand & Company. The research firm has recommended to "Subscribe " the IPO in its research report as on April 25 , 2017.
HEM Securities have come out with the report on DEV information technology
HEM Securities has come out with its report on Shankara buildings Ltd. The research firm has recommended to "Subscribe " the IPO in its research report as on March 23 , 2017.
HEM securities have come out with the research report on Laxmi Cotspin