SBI owns 70.1% in the insurer, Cardif controls 26%, and KKR and Temasek the remaining stake
2016 saw hectic fund-raising activity in the IPO segment as 26 firms collected over Rs 26,000 cr
The wealthy investor portion of the issue remained undersubscribed at 50%
Price band for Tejas Network IPO is Rs 250-257 per share
Bank's shares were privately traded at around Rs 400 and this price could double before the IPO
Revenues of NSDL have grown at a CAGR of 12% over the previous four financial year years
These IPOs worth Rs 5,300 crore will give investors a choice to invest in a range of sectors
June might be the best month for IPO mobilisation since September 2016
The public issue consists of up to 29,300,000 equity shares of face value of Rs 10 each
To take advantage of scarcity premium, apply in IPO
Promoter BSE to offer 26% stake to comply with Sebi requirements
Reliance Capital to dilute 10% stake
Its valuation is expected to be over Rs 6,000 cron an average multiple of around five times
This will enable it to mobilise funds for the clean energy sector
The price band for the offering is fixed at Rs 250-257 per share
The bank said that the IPO size and other details of the offer would be determined in due course
Bankers say NSE could raise as much as $1 billion from the proposed IPO
The company is planning to raise Rs 130 cr through primary offering
Last year, 26 companies collectively raising over Rs 26,000 crore trough their respective IPOs
Sources say the proposed IPO is expected to be launched in two weeks