Private sector ICICI Bank on Tuesday said its board has approved a proposal to sell part-stake in fully-owned broking business subsidiary ICICI Securities through an initial public offer (IPO).
HDFC Standard Life Insurance Company Limited's initial public offering (IPO) opens today and its after 22 years that the group has approached the capital market. The price band for the IPO is fixed between Rs 275 and Rs 290 per share and through the offer the existing shareholders will be diluting approximately 15 percent. CNBC-TV18’s Yash Jain caught up with the man of the moment, Amitabh Chaudhry, MD & CEO of HDFC Life and asked him about the strong anchor investor interest received by the company.
Brokerages largely recommend subscribing to the issue with a long term view, but point out the steep valuation of the issue despite strong fundamentals
HDFC Standard Life Insurance Company Limited on Monday raised Rs 2,322 crore from anchor investors through allocation of 8.0686 crore equity shares at Rs 290 per equity share.
HDFC and Standard Life Mauritius are two promoters of the company, which respectively hold 61.21 percent and 34.75 percent of equity shares as of October 25, 2017.
On the BSE, the stock closed with a premium of 12.7 percent at Rs 284 after hitting day's high of Rs 298.70 and low of Rs 278.
Way2Wealth has come out with its report on HDFC Standard Life Insurance Company IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 06, 2017.
In an interview to CNBC-TV18, Santosh Singh, Head of Research-India at Haitong Securities shared his views and readings on the new listing of Reliance Nippon Life Asset Management.
Reliance Nippon Life Asset Management started off first trade at Rs 297.55 on the National Stock Exchange, a premium of 18 percent over issue price.
Footwear retailer Khadim India's initial public offer was subscribed 45 percent on the second day of the bidding on Friday.
The Rs 9,600-crore IPO, received bids for 14,33,33,730 shares against the total issue size of 12,00,00,000 shares, NSE data till 1945 hrs showed.
The company received bids for 14.31 crore shares against an issue size of 12.87 crore shares, data available with the NSE as of 5:15 pm showed.
The company's IPO was oversubscribed 81.54 times during October 25-27, data available with the NSE showed.
The initial public offering (IPO) of Khadim India Limited, one of the leading footwear brands in India is now open for subscription. The company manufactures and sells products through its own stores, four major distribution centres and many other franchise outlets.
This east India-based shoe retailer is not only riding on macro tailwinds but also on market exuberance, and has priced the issue of Rs 543 crore to perfection.
Way2Wealth has come out with its report on The New India Assurance Company IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
According to data available with the NSE till 2:15 pm, the issue received bids for 5,84,41,376 shares against a total issue size of 1,35,70,143 shares.
Way2Wealth has come out with its report on Khadim India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
Mehta Equities has come out with its report on Khadim India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
ICICI Direct has come out with its report on Khadim India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on November 01, 2017.
Brokerages largely recommend subscribing to the issue, while some have highlighted pricing in of future growth of the company.
Currently, HDFC owns 61.21 percent stake in the joint venture which will come down to 51.69 percent, while Standard Life's 34.75 per cent shareholding will come down to 29.35 percent post the IPO.
The company has sold shares to institutional investors as part of its anchor book allocation
The IPO comprises of fresh issue of aggregating up to Rs 50 crore and an offer for sale of up to 65,74,093 equity shares.
On an average, SEBI currently takes two to three months to approve a company's proposal for a rights issue.