The surgical thread maker, which has been valued at around Rs 5,000 crore, is unlikely to issue fresh shares.
The IPO, the second in infrastructure investment trust (InvIT) segment, will open on May 17 and close on May 19. It commands a price band of Rs 98-100 per unit.
The life insurance arm of top Indian lender State Bank of India will hire five local banks - Axis Capital, ICICI Securities, JM Financial, Kotak and SBI Capital Markets -IFR, a Thomson Reuters publication, said.
Dinesh Kumar Khara, MD of SBI spells out the plans for SBI Life IPO.
The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.
Divestment is being done with a purpose to share the wealth of the company with the public, said Neeraj Kumar Gupta, DIPAM Secretary.
The company had filed draft paper with Sebi in February for the proposed IPO and received regualtor's observation on April 28, which is necessary for any company to launch public offer, as per the latest update.
In the loan book of Rs 36,386 crore - around 31 percent comprises loan to the housing sector and the rest for infrastructure. Close to 90 percent of loans have been granted to state governments and their agencies. Besides being an entity of the government that lends a lot of comfort to the investors, Hudco enjoys several other tailwinds.
The IPO may or may not involve fresh issue of shares but part stake sale by majority shareholder CX Partners is certain, a person familiar with the IPO process said.
The initial public offer of IRB InvIT Fund to raise more than Rs 5,000 crore was oversubscribed 8.57 times on the last day of offer today.
The initial public offer of IRB InvIT Fund was subscribed 7 percent on the first day of issue today.
Anil Ambani Group flagship Reliance Infrastructure has filed revised papers with markets watchdog Sebi for its proposed InvIT Fund IPO, scaling down the issue size to Rs 2,500 crore from Rs 3,000 crore earlier.
The initial public offering of textbook publisher S Chand and Company was oversubscribed 1.96 times on the second day of the offer today.
The initial public offer of text book publisher S Chand and Company was subscribed 52 percent on the first day of bidding today.
Leading text book publisher S Chand and Company today raised nearly Rs 219 crore from anchor investors, a day ahead of its initial public offering.
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.
Speaking to CNBC-TV18, Chairman and Managing Director T Suvarna Raju said the IPO has been delayed as it required some concessions as far as putting data in the public domain was concerned.
India saw a promising start to the IPO activity in the first quarter despite global political uncertainty.
The key takeaway from our analysis for the prospective investor is that if he has missed the IPO bus last year, it makes sense to ride it with good IPOs in FY18.
Struggling ecommerce major Snapdeal has sounded out five merchant bankers, including SBI Caps and Kotak Mahindra Capital, to work on a public offer that is likely to hit the market in the second half of 2019.
The amount raised from mainboard IPO’s almost doubled in the financial year 2017 to Rs 28,211 crore, compared with Rs 14,500 crore raised in the FY16, and Rs 2,770 crore raised in FY15.
Au financiers and PSP Projects had filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) in February and December respectively.
Continuing last year's superlative performance, the Indian IPO segment has been on a tear in 2017 as well, with a number of blockbuster listings seen in the first 3 months.
The Securities and Exchange Board of India (Sebi) found that Amadhi Investments financed Sugandh Estates and Investments in the IPOs of IDFC, Sasken and FCS Software Solutions with the purpose of cornering shares reserved for retail investors.