Jack Ma's Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco's record $29 billion share sale last year.
The nation has posted the fastest equity rally in Asia since March, and will host about 10 IPOs in the fiscal yr to June 2021
In this podcast, Business Standard's Shrimi Choudhary discusses what has been done so far in the LIC IPO, what needs to be done to be on track and about the complexities surround the listing
The shares of Equitas Small Finance Bank IPO will be available in the lots of 450 and the price band has been fixed between Rs 32 - 33 per share
Price band fixed at Rs 32-33 a share; promoter stake to drop to 82-83% from 95.49% currently
Equitas Small Finance Bank on Thursday fixed the price band for its over Rs 500 crore initial public offering (IPO) at Rs 32-Rs 33 per equity share
UTI AMC IPO was subscribed 2.3 times, that is, it received bids for 6.31 crore equity shares as compared to the issue size of 2.73 crore shares
The last hugely subscribed PSU IPO was that of IRCTC last year
CAMS's IPO, the biggest in FY21 so far and worth Rs 2,242 crore, was subscribed 47 times while Chemcon IPO was subscribed 149 times
Govt is looking to raise Rs 440 crore by divesting 15.2% stake through Mazagaon IPO
The move comes following representations from the industry, the Securities and Exchange Board of India said in a circular
UTI AMC is the second-largest asset management company in India in terms of total assets under management (AUM).
In a Q&A, three of the firm's top brass dwell on its forthcoming IPO, the state of the MF industry and issues surrounding the company's ownership structure
While in terms of volume this has been a busy month, the cumulative amount, Rs 7,123 cr, being raised is relatively low
Bids can be made for a minimum of 27 equity shares and in multiples of 27 equity shares thereafter.
Those who invest in an IPO are among the first to buy shares in the company after it goes public and hence there is a price discovery that is yet to happen
The public issue will close on September 24
As of June 2020, CAMS services four out of five largest AMCs - HDFC MF, ICICI Prudential MF, SBI MF, and Aditya Birla Sun Life MF.
Angel Broking will be looking to ride the boom in broking industry seen this financial year
Flipkart is likely to choose between Singapore, or the United States for the initial public offering