On July 25, Moneycontrol reported that initial public offering (IPO) of Canara Robeco Asset Management Company is expected to be launch in the fourth quarter of the current financial year.
Restaurants in larger cities already paid a service fee, or commission, on the gross value of their establishments, while smaller towns and cities paid theirs on the net value.
According to Arun Maheshwari, the company's low-risk, low-cost model has helped it achieve higher growth compared to its competitors, including Adani and Gujarat Pipavav.
On February 13 LIC filed a draft red herring prospectus with Security Exchange Board of India (Sebi) to raise funds via initial public offering. The IPO consists of an offer for sale of upto 316.25 million shares or 5 percent stake by the government of India. The listing of LIC is poised to be India's biggest IPO to date. LIC continues to be the dominant life insurer even in the liberalised scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records
There are concerns that IPOs are just as chronically frothy as the cryptocurrency, and together they may result in a market bubble.
As per the draft papers, the IREDA's IPO comprises sale of 13.9 crore shares or about 15 percent stake of the company.
The Street may see lower opening, driven by lower global markets ahead of US Fed chair Janet Yellen‘s speech and profit booking; Apollo Hospitals may be in action after a sovereign fund launched a block deal to sell USD 160 million worth of its shares.