While its valuation stood at Rs 32,500 cr in November 2015, it is now commanding Rs 45,000-50,000 cr with the public offer
Niche play with robust growth potential should translate to higher earnings trajectory
This is the biggest IPO in rupee terms since state-run Coal India Ltd's market debut in 2010
IPO, first by life insurer in India, to be biggest in six years; company to approach Irdai before Sebi
L&T Technology will file its draft red herring prospectus with market regulator Sebi tomorrow
Company's 12.25-mn share offering attracted 132 mn bids
The IPO price band has been set at Rs 890-896 per share
Company's 12.25 mn share offering attracted 132 mn bids from various investors as per exchange data
The 12.25-million share offering attracts over 43 million bids, QIB segment subscribed over five times
The company's Rs 400-crore issue had witnessed a demand of 140 times the shares on offer
Listings of subsidiaries reward investors, parent companies
The 12.25-mn share offering attracted 9.62 mn bids as on 1:00 pm
Shareholders invited to deposit all or part of their holding in demat form in escrow account by Aug 22
The 12.25-million share offering attracted 14.65 million bids - 1.2 times shares on offer
Price band for the issue, which would be open for subscription from July 11 to 13, has been fixed at Rs 705-710
Apart from some increase in sum-of-parts valuation, the issue will not help in augmenting the bank's capital
There is nothing exciting about the offer; those looking for an exposure to the Indian IT sector can look at other high-growth investment ideas
US-based Citibank handles most fundraising via stocks
Post-IPO, PNB will continue to hold approximately 35-37% of the issued and paid-up share capital in the company
The first six months of the year saw PE investors exiting stakes worth Rs 2,993 cr across six IPOs, as per Prime Database