RNAM, asset manager for Reliance MF, has earmarked Rs 165 crore of IPO proceeds for 'inorganic growt
The IPO, with an aim to raise up to Rs 152 crore, received bids for 69,46,240 shares
However, SME segment is grappling with lack of liquidity and lacklustre institutional participation
As price discovery for life insurers is maturing, attracting premium valuation could be tough
The shares will be listed on NSE and BSE
These are part of Centre's plan to list some PSUs for disinvestment target of Rs 72,500 cr for FY18
Segment expected to perform better this year
Company to use proceeds from the offer to set up a new shrimp processing unit
The IPO comes when domestic MFs are seeing healthy growth in investor flow and AUM
SBI indicated that it plans to list two RRBs sponsored by it in the next one year
Embedded value pegged at Rs 13,220 crore in June
The company is looking at 20-30% annual growth over the next few years
Shares of SIS closed at Rs 765, down 6% compared to its issue price of Rs 815
Currently, 95 per cent of the GIC's premium income comes from the non-life insurance segment
Issue to be of 120 mn shares, with a face value of Rs 5 each
The IPO will be of 124.7 million shares, with a face value of Rs 5
Will issue 124.7 mn shares comprising 14.22% of capital
The government has invited proposals for the IPO by 3 pm on August 18
Mahindra Logistics provides services such as warehouse solutions and transport management
The institutional investor portion of the issue was subscribed 63.5 times