The price band for the maiden offer is Rs 247-252 per share
The company's initial share sale will close on November 3
Being first of its kind, the IPO offers many positives to its investors
The issue of MLL comprises sale of 1,93,32,346 shares
The IPO was the first by a power exchange in the country
In the first nine months of CY2017, fund managers made net investments of Rs 89,000 crore in equities, of which Rs 11,300 crore was in recent listings
NIA had appointed five merchant bankers - Kotak, Axis Bank, Nomura, IDFC and Yes Bank for the IPO
Though they are likely to have higher governance standards, investors should do their own due-diligence
Offers for sale accounted for 84% of the Rs 42,000 cr raised via IPOs so far in FY18
For the first time, more than 100 firms launch IPOs; raise a total of Rs 1,267 cr; 30 more IPOs lined up
Several PE-backed IPOs have made strong debuts and sustained their price
A total of 29 companies raise Rs 45,802 crore; Financials dominate
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
The share sale had seen 95 times oversubscription
Indian companies have so far raised around $8 billion in IPOs this year
The centre is looking to launch the IPO of New India Assurance and also plans to sell its holding in 22 companies through the Bharat-22 ETF
The price band for the maiden offer is Rs 247-252 per share
State-owned GIC Re is India's largest reinsurance company with 60% market share
The IPO size would be around 10% of the post issue paid-up capital of the company
The Rs 1,000-cr IPO of IEX, an online power trading platform, witnessed more than two times demand for the shares on offer