HDFC announced on Tuesday that it had initiated the process for an IPO in HDFC Life, by offloading 10% of its stake
The forthcoming IPO of HDFC Standard Life will lead to higher value unlocking for the company
Lender will need to offer exit to thousands of investors
These shares would be sold by the company's existing shareholders, including A Velumani HUF and Anand Velumani
Eye business expansion, fulfil working capital requirements and making loan repayments
L&T Infotech's IPO to go ahead with lower valuations
Says withdrawing due to change in offer structure and other considerations
First-ever public issue by a small finance bank sees strong demand across investor segments
The Rs 2,170-cr IPO subscribed 38% a day before close
IPO to hit markets on April 5
The IPO will bring down the company's foreign holding from the present 93% to 35% and therefore allow it to operate as an SFB
The performance of IPO, however, is a mixed bag, with 12 stocks in the green and 12 in the red compared to their IPO price
Has started reducing FII shares, merging subsidiaries and establishing IT systems to comply with RBI regulations
Meanwhile, in 2015, the Indian IPO market saw significant momentum after a gap of nearly four years
Transition to a bank could put profits under pressure in near term; valuations are undemanding for a fast-growing company
Comapny plans to raise around Rs 700 cr; Everstone may partially exit
Overall equity capital raising, however, dips 17% over previous fiscal
After IPO, foreign shareholding to come down to 35%, from 93%
To raise about Rs 26 crore and get listed on the BSE's SME platform