There were some swings seen in the stock during the morning session, as it fell over a percent in the first few minutes, but has now gained around 4 percent later.
NIC has also submitted a roadmap to the government and the regulator
The qualified institutional buyer (QIB) category was subscribed 62 per cent, non-institutional investors 4 per cent and retail individual investors 18 per cent.
The initial public offering of construction firm Capacit'e Infraprojects has seen very strong response from investors on final day.
ICICI Lombard General Insurance Company will become India's first general insurer to sell shares in an initial public offering that opens today. CNBC-TV18's Yash Jain caught up with Bhargav Dasgupta, MD & CEO and asked him about the IPO and individual stake dilution by the two partners -- ICICI Bank and Fairfax.
The house is upbeat on ICICI Lombard because the non-life insurance is still in its nascent stage in India but is growing at a high rate, says Siddharth Purohit, Senior Research Analyst, Angel Broking.
ICICI Bank and FAL proposed to sell 7 percent and 12 percent stake in the company through an offer.
Leading brokerage houses highlight the expensive valuations of the issue, but believe that under-penetration of insurance, focus on profitability, along with growth potential of the sector make it a long term investment option.
The price band will be Rs 685-700 per equity share with a discount to eligible employees of Rs 68 per share on the offer price.
The initial share sale offering of construction firm Capacit'e Infraprojects was oversubscribed 4.62 times on the second day of bidding on Thursday.
SBI Life Insurance is all set to launch its initial public offering (IPO) next week on the 20th of September. The life insurance firm plans to raise Rs 8,400 crore and has fixed the price band for the issue at Rs 685 to Rs 700 a share. CNBc-TV18’s Yash Jain caught up with Arijit Basu, MD & CEO of SBI Life and asked him about the details of the IPO.
Beside an assessment of overall business prospects, we carried out three important tests to assess the quality of Capacit’e Infraprojects’ IPO.
The Capacit'e Infraprojects' initial public offering (IPO) opens for subscription today. In an interview to CNBC-TV18, Rohit Katyal, ED & Promoter of Capacit'e Infraprojects spoke at length about the same.
The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, was oversubscribed 4.41 times so far on the last day of bidding on Wednesday.
The Rs 400-crore IPO opened on September 13, with a price band of Rs 245 to Rs 250 per share.1
The company is set to raise Rs 400-crore with a price band of Rs 245 to Rs 250 per share.
In an interview to CNBC-TV18, Santosh Singh, Head of Research-India at Haitong Securities spoke at length about SBI Life's IPO. He also shared his views on Bharat Financial Inclusion and IndusInd Bank deal.
This would be the second listing of a life insurer after ICICI Prudential Life Insurance, which went public last year.
Company's consolidated revenue from operations increased sharply from Rs 214.26 crore in FY14 to Rs 1,157 crore in FY17.
IIFL Private Wealth feels unlike developed countries, there's a huge demand for matchmaking within communities/castes in India.
ICICI Lombard General Insurance is all set for its Dalal Street debut this week. CNBC-TV18's Ritu Singh caught up with ICICI Lombard’s chairperson Chanda Kochhar.
The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, will be open from September 11-13.
The public issue comprised of fresh issue up to Rs 130 crore and an offer for sale of up to 37,67,254 equity shares.
Little over 22.93 lakh shares would be allotted to 10 anchor investors, including Goldman Sachs, Small Cap World Funds, HDFC Trustee Company and Baring Private Equity India AIF.
ICICI Lombard will become the first general insurer to go public