Promoters including Sequoia Capital GFIV Mauritius Investment (SCG), Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II hold 92.67 percent stake in the company and the rest is held by public.
Multiple brokerages recommend subscribing to the issue with a long term perspective as valuations could be higher from some perspective. But the business has a strong potential to grow ahead, they said.
Among all insurance initial public offerings (IPOs), State Bank of India's SBI Life commanding a valuation of Rs 70,000 crores is fully subscribed. In an interview to CNBC-TV18, SBI Life's MD & CEO Arijit Basu spoke about the response the IPO has garnered.
The Prataap Snacks initial public offering (IPO) opens for subscription today. In an interview to CNBC-TV18, Amit Kumat, MD & CEO of Prataap Snacks spoke about the latest happenings in his company and sector.
The Rs 400-crore initial public offering of Capacit'e has oversubscribed 183.03 times.
SBI Life Insurance Company's initial share sale offer has received good response from qualified institutional investors on the last day.
A bullish equity market is generally followed by a flurry of initial public offerings (IPOs) and participation of retail investors. Most of the IPOs which hit D-Street in September got oversubscribed multiple times.
The shares would be alloted to 15 anchor investors at Rs 938, which is the upper end of the price band, the company informed to the stock exchanges.
Among the investors allotted a part of the portion reserved for anchor investors, Smallcap World Fund was given the most number of shares.
The initial public offer (IPO) aims to raise Rs 8,400 crore.
The online matchmaking services provider listed at its issue price of Rs 985, the higher end of price band.
HEM Securities has come out with its report on Prataap Snacks IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on September 20, 2017
The Reserve Bank of India's guidelines mandated the bank to get itself listed within three years from the commencement of banking operations. The bank started its operation in August 2015.
The public offer comprises sale of up to 195,797,000 equity shares by the existing shareholders, including Maplewood, Whispering Resorts, Palms International and RJ Corp, according to the draft red herring prospetus (DRHP).
The company raised Rs 500 crore through the issue that comprised of fresh issue of up to Rs 130 crore and an offer for sale of up to 37.67 lakh equity shares.
While every good thing comes at a price, so is the IPO (initial public offer) of SBI Life. Long term investors should lock in to this offer for a safe journey.
The final issue price is fixed at Rs 985, the higher end of price band.
The ICICI Lombard General Insurance Company's initial public offering (IPO) closed for subscription yesterday and was oversubscribed three times on qualified institutional buyer (QIB) support but high net worth individual (HNI) participation was low.
Ajcon Global has come out with its report on SBI Life Insurance Company , The research firm has recommended to “ Subscribe ” the IPO in its research report as on September 19, 2017
SPA Research has come out with its report on SBI Life Insurance Company , The research firm has recommended to “ Subscribe ” the IPO in its research report as on September 19, 2017
Way2Wealth has come out with its report on SBI Life Insurance Company , The research firm has recommended to “ Subscribe ” the IPO in its research report as on September 19, 2017
The company through its merchant bankers informed exchanges that under anchor investors portion in the public issue of SBI Life Insurance Company, 3.18 crore equity shares have been subscribed on Tuesday by 69 anchor investors.
Brokerage houses largely recommend subscribing to the issue, citing healthy valuations and better business prospects.
The IPO by size is expected to be the largest in life insurance space in India and it would be the second life insurance company to list on bourses.
The IPO, which has a price band of Rs 685 to Rs 700 per share for its Rs 8400 crore initial public offering (IPO), is expected to be the largest in the insurance space as of today.