The fund is likely to be a so-called cornerstone investor in ZhongAn's up to $1.5 billion IPO, added IFR, a Thomson Reuters publication. The IPO, the biggest by a financial technology company in the city, is expected to launch as early as Sept. 18.
The Department of Investment and Public Asset Management (DIPAM) has through an advertisement invited bids from registrars for disinvestment of up to 25 per cent stake each in Bharat Dynamics, Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders and Mishra Dhatu Nigam Ltd.
The company's IPO was oversubscribed 8.58 times, with the qualified institutional buyers (QIBs) portion getting oversubscribed 8.38 times, non-institutional investors 10.39 times and retail investors portion 6.47 times.
Housing and Urban Development Corporation (HUDCO), on April 27, 2017, launched a Rs 1,200-crore initial public offering, becoming the first central unit to hit the market with an IPO since 2012. The fully-owned government R
Experts said the huge capital-raising excercise, mainly to fund business expansion and meet working capital requirements, can be attributed to reforms and initiatives taken by the government to encourage the SME sector.
The IPO comprises fresh issuance of shares worth Rs 325 crore and an offer for sale of 6,023,236 scrips by the existing shareholders, the company said in a statement. At the upper end of the price band, the public issue is expected to fetch Rs 728.55 crore.
Aster DM Healthcare filed its draft red herring prospectus (DRHP) for IPO in June 2016 with an intention to raise around Rs 2,000 crore, to provide an exit to existing PE investors, repay debt, and invest on expansion.
The company is a Gujarat-headquartered non-banking financial company (NBFC) with more than two decades of business operations and having presence across six states and the NCT of Delhi.
State-owned Cochin Shipyard today filed draft papers with capital markets regulator Sebi to raise an estimated Rs 1,400-1,500 crore through an initial public offering.
The portion set aside for qualified institutional buyers (QIBs) was subscribed 51.6 times of the issue portion, while non-institutional investors segment witnessed subscription of 90.68 times.
CL Educate's initial public offering sailed through on the last day of the offer today and was oversubscribed 1.90 times.
The initial public offering of CL Educate was subscribed 37 percent on the first day of the offer today.
The initial public offering of Music Broadcast, a Jagran group firm that runs Radio City FM channel, was oversubscribed 2.19 times on the second day of the issue today.
The IPO received bids for 1,05,34,230 shares as against the total issue size of 1,04,80,784, an oversubscription of 1.01 times, data available with the NSE till 1230 hours showed.
The initial public offering of Music Broadcast Ltd, a Jagran group firm that runs Radio City FM channel, was subscribed 51 percent on the first day of the offer today.
Early indications pointed to the shares opening up at between USD22 and USD24, after the IPO priced on Wednesday at USD17 per share. The IPO book was oversubscribed by more than 10 times, boosting the chances of a pop on the first day of trading.
The IPO by Avenue Supermarts, which operates 118 stores across 45 cities under the "D'Mart" brand, comes at a time when share markets are rallying, with the NSE index on Thursday hitting its highest since March 2015.
The IPO comprises fresh issue of shares worth Rs 450 crore and an offer for sale of 1.27 crore scrips by shareholders, according to draft red herring prospectus.
"The company expects that listing of the equity Shares will enhance our visibility and brand image and provide liquidity to our shareholders. Listing will also provide a public market for the equity shares in India," Eris said in the draft documents.
The National Stock Exchange is awaiting SEBI‘s nod for easing of the order requiring the bourse to set aside revenues from its co-location services in an escrow account.
The Indian real estate sector has been lucrative for savvy investors over the last decade, but it has not been without accompanying uncertainties. The introduction of real estate investment trusts (REITs), will provide a R
The country's largest bourse is gearing up for its much-awaited initial public offering this year.
It was a great challenge to start the issue right before the Budget and open after it, Ashish Chauhan, MD and CEO of BSE says. Luckily for BSE, he says the Budget turned out positive and the stock exchange got immense feedback from investors.
The disclosure was Snap's opening salvo in convincing investors that the company, which launched in 2012 as a free mobile app with disappearing messages, has come up with a sustainable business model despite increasing losses
The IPO comprises sale of 53,422,169 shares by the existing shareholders, which include promoters and the promoter group.