Poor post-listing performance of insurance firms impacted small investors' sentiments towards the IPO: Market players
The IPO, estimated to raise Rs 8,695 crore, received bids for 25,17,92,650 shares against the total issue size of 21,97,59,218 shares
Third IPO from the group after ICICI Prudential Life and ICICI Lombard
The price band for the offer has been fixed at Rs 275-290 per share
Valuations are high, but subscribe for the long term, advise analysts
The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 % stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 %, holding by Standard Life Mauritius
The price band of the IPO has been fixed at Rs 275 to Rs 290 per equity share
The Rs 1,540 crore-IPO had got a robust response, being oversubscribed a staggering 80 times
Market positioning, a more profitable business and the HDFC brand lend support
More than Rs 45,000 crore have gone to promoters and other existing shareholders leaving only 20 per cent funds for the firms' growth and expansion plans
Bajaj said both the life and general insurance companies were well capitalised and its promoters remained committed
The company's IPO was oversubscribed 81.54 times during October 25-27
Retail portion witnessed 84% subscription
If not for LIC, the Rs 9,600-cr offer would have struggled to garner full subscription
Khadim India on Wednesday raised Rs 163 crore from anchor investors
More than 80% of issue sold on strength of bids placed by country's largest life insurer
The institutional portion was subscribed 15.6 times
Khadim is a footwear brand with a strong presence in eastern part of the country
The issue was subscribed 1.04 times a day prior and saw only a few incremental bids on its second day
Mahindra Logistics operates as third-party logistics services provider; price band for IPO fixed at Rs 425-429 per share