Both the IPOs close on Friday. Delhivery's IPO size is Rs 5,235 crore, second-biggest after LIC this year
The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders.
Industry players said the concept, if implemented, would give a fillip to the domestic capital markets, ease the process and encourage more companies to go public
Retail investors still in-the-money
Sebi is seeking comments from the public on its new proposal by June 6
Pristine Logistics & Infraprojects Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
A day earlier, Delhivery raised Rs 2,346 crore from 64 anchor investors
The actual number of valid applications will be formally announced by LIC ahead of its listing
The category meant for retail investors received 2.59 times subscription, while the portion for non-institutional investors got subscribed 34% and QIBs 30%
LIC IPO saw 2.95 times more demand than the shares on offer on the final day of bidding
Delhivery's IPO size is Rs 5,235 crore, the second-biggest after LIC this year
The retail investor portion was subscribed 71%. A day earlier, form allotted shares worth Rs 160 cr to anchor investors
Deal done at Rs 326 apiece to three anchor investors Nippon India, Kotak Life Insurance and India SME Investments
The Indian logistics business is poised for tremendous expansion, and the IPO-bound Delhivery, with its focus on the fast-growing e-commerce market, has promising growth potential ahead of it
Move to have a separate quota for policyholders proves a game-changer, say experts
The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore
The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said
Receives record 7.33 million applications from retail investors
With just hours to go until end of the subscription period for the $2.7 billion initial public offering of LIC, foreign institutional funds have put in orders for merely 8% of the shares
As many as five companies, including Aadhar Housing Finance, TVS Supply Chain Solutions and Landmark Cars, have received Sebi's go ahead to raise funds through initial share sales