Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday. LIC shares were offered at 902 rupees to 949 rupees apiece. Trading on the stock exchange is due to begin May 17.
Qualified institutional buyers have, so far, subscribed only 36 percent of their quota of 10.14 lakh shares
Delhivery is planning to mobilise Rs 5,235 crore through its public issue that comprises a fresh issue of Rs 4,000 crore and an offer for sale of Rs 1,235 crore by shareholders.
The IPO comprises a fresh issue of Rs 50 crore and an offer for sale of upto Rs 750 crore by its existing shareholders and promoters.
The net fresh issue proceeds will be utilised for funding organic growth initiatives, and inorganic growth through acquisitions and other strategic initiatives, besides general corporate purposes.
The company intends to mop up Rs 165.41 crore through the IPO and use the proceeds to finance its project cost of hollow pipes and meet working capital requirements
The maiden public issue, which will fetch the retail wealth management services provider Rs 538.6 crore, comprises only an offer-for-sale of 85.49 lakh equity shares by Wagner, an affiliate of TA Associates, and Shirish Patel.
The investor confidence in primary market is fluctuating with the prevailing market sentiments and the same is reflecting on the GMP of the IPOs currently open for subscription
Under the proposal, an issuer should make "pre-filing" of offer document with Sebi and stock exchanges without making it available for public for an initial scrutiny period only, according to a consultation paper.
LIC IPO Share allotment: The company will credit refunds in the bank accounts of unsuccessful investors by May 13 and equity shares will be credited to the demat accounts of eligible investors by May 16.
The company may consider raising Rs 50 crore through a pre-IPO placement issue. If the said pre-IPO placement is undertaken, then accordingly the fresh issue size will be reduced.
Most experts advise investors to ‘avoid’ the issue as the company is making losses with negative cash flows and has expensive valuations compared to its peers.
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Wagner, which will be selling 82.81 lakh equity shares through this offer, held 40 percent equity stake (1.65 crore shares) in the company.
Delhivery IPO | Of the total issue size, 75% is for qualified institutional buyers, 15% for non-institutional investors and the remaining 10% for retail investors.
Venus Pipes has reserved half the total offer for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.
Dehlivery has a solid market position in the parcel delivery market and a strong record in identifying and solving the operating problems in a highly fragmented and unorganised market
IPO will open on 18 May for subscription and close on 20 May. The anchor book will open on 17 May.
Logistics in focus ahead of Delhivery IPO as Depesh Kashyap of Equirus sheds light on related stocks. And as usual, we get all your stock queries answered, this time by Rahul Sharma of JM Financial Services.
Delhivery cut the size of the IPO to Rs 5,235 crore from Rs 7,460 crore planned earlier. It will raise Rs 4,000 crore via a fresh issue of shares.
The company's public issue will open for subscription on May 11 and close on May 13.
Rainbow Children's Medicare traded with a volume of 1.73 crore equity shares on the National Stock Exchange, and 9.19 lakh shares on the BSE
Anand Rathi has come out with its report on Venus Pipes and Tubes. The research firm has recommended to ''Avoid'' the ipo in its research report as on May 10, 2022.
Prudent Corporate Advisory Services IPO | Half the issue size is for qualified institutional investors, 15 percent for non-institutional buyers and the rest 35 percent for retail investors. The price band for the offer, which closes on May 12, is Rs 595-630 per share.
Prudent is the third largest MF distributor after NJ India and ICICI Securities among the non-banks with an average AUM of Rs 48,411 crore as of end December ’21