Swiggy said it may offer a discount of not more than 5% on the floor price calculated for the issue.
The government budgets to earn approximately Rs 20,000 crore through QIP of five banks, namely Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank.
Post the QIP, the shareholdings of government in the bank will reduce to 90 percent, from current 94.81 percent as on June 30, 2025, Srivastava said.
The QIP has received bids for Rs 75,000 crore worth of shares, as against its offer size of Rs 25,000 crore.
Navin Fluorine share price: The company has set a floor price of Rs 4,798.28 per share for the QIP.
Kaynes Tech share price: While the stock is down nearly 25% in 2025 so far, it had jumped nearly 51% in the past one year.
Currently, the Central government holds 96.38 percent stake in Indian Overseas Bank
360 One Wam Ltd share price traded under pressure in Thursday's trade to quote at Rs 1,061.25 per share on the NSE, down 1.85 percent.
Max Estate share price dropped 6.15 percent to hit the intraday low of Rs 615.2 per share on the NSE.
Bengaluru-based realtor Brigade Enterprises launches a Qualified Institutional Placement (QIP) aiming to raise Rs 1,500 crore at a floor price of Rs 1,164.70 per share.
The funds will be raised in one or more tranches through methods including Further Public Offer (FPO), Qualified Institutional Placement (QIP), Rights Issue, Preferential Issue, or other permitted modes, the green financing NBFC said.
Borosil has 4 manufacturing facilities whose products are sold and distributed in over 70 countries. In the Microwaveable glassware segment, it has been a market leader with over 60 percent market share.
The Rs 5,000-crore funds infusion vastly raises investment capabilities of the company
The company may consider offering a discount of up to 5 percent on the floor price.
As per an earlier report, the QIP is anticipated to be in the range of Rs 3,500 to 4,000 crore.
Moreover, the robust trend of Qualified Institutional Placements (QIPs) in the first half of the fiscal year 2023-24 is expected to persist throughout the second half of the year too, Sanjay Moorjani, Research Analyst at SAMCO Securities
The announcement comes merely a week after the company stated its intention to venture into the electric vehicle market by introducing electric commercial vehicles in early 2024
PNB Managing Director SS Mallikarjuna Rao had announced earlier that it had taken the board’s approval to raise Rs 14,000 crore by way of Additional Tier 1 (AT-1) bonds, Tier II, and QIP.
Four private equity investors are reportedly part of the deal, two of whom are US-based and the other two domestic.
Focus for the next two-three years would be to pare down the completed inventory and grow commercial business and JV with GIC, Saurabh Chawla, Senior ED-Finance, DLF.
In an interview to CNBC-TV18, Rajkiran Rai G, MD & CEO of Union Bank of India shared his views on the mega Rs 2.11 lakh crore bank recapitalisation plan that cabinet has cleared.
Upbeat on the GST being a big positive for the economy and also banking, said NS Venkatesh of Lakshmi Vilas Bank.
The supply into primary market is predominantly coming in from financial space – banks, NBFCs, General Insurance companies, government divestments etc., and also from consumer and healthcare, says Sanjay Sharma, MD & Head-ECM, Deutsche Equities India.
We are seeing a lot of equity issuances on the Deal Street, State Bank of India’s (SBI) qualified institutional placement (QIP) a large one at that as about Rs 15,000 crore got done last week. That is clearly the Big Deal of this week. In an interview to CNBC-TV18’s Nisha Poddar, Sanjeev Jha, Head - Global Capital Market at BofAML India spoke about the same.
Kotak Mahindra Bank is likely to launch a qualified institutional placement (QIP) this week to raise Rs 5370 crore, reports CNBC-TV18’s Nisha Poddar quoting sources