The Rs 1,023.84-crore IPO received bids for 38,807,802 shares against 10,844,104 shares on offer, according to NSE
The company has filed preliminary papers with Sebi
At the last closing price, Policybazaar parent PB Fintech was valued at Rs 54,000 crore. The company has raised Rs 3,750 crore in fresh capital in its IPO
The offer consists of Rs 150 crore of fresh fund raise and an OFS of Rs 874 crore
The success of the IPO is seen as a precursor for more big-ticket public floats to come in the next year
Business Standard brings you the top stories from today
The IPO is an entirely an offer for sale (OFS) by existing shareholders and promoter group entities
The Rs 600-crore IPO received bids for 40,69,77,264 shares against 1,75,25,703 shares on offer
Institutional investors bid for 2.79 times the shares reserved for them, while retail investors bid for 1.66 times
Business Standard brings you the top stories from today
Business Standard brings you the top stories from today
Quora has in recent days held talks to hire investment bankers and lawyers for a stock market debut in New York, say sources
BlackRock Global Funds, Canada Pension Plan Investment Board and Abu Dhabi Investment Authority were among the investors
The initial public offer of the company received a whopping 101.91 times subscription
IPO was Rs 300 crore fresh fund raise, Rs 900 crore secondary share sale by promoter Fino Paytech; bank will use fresh proceeds to augment tier-1 capital base
The company received bids for 40 times the number of shares it plans to sell to anchor investors in its IPO
The initial public offering (IPO) will conclude on November 11
Paytm plans to raise Rs 18,300 crore from the IPO
"Our life is going to become QSQT now or quarter se quarter tak (from one quarter to next)," says Vijay Shekhar Sharma.
Fino Payments Bank on Tuesday said it has fixed a price band of Rs 560-577 a share for its Rs 1,200-crore initial public offering, which will open on October 29. The three-day initial share-sale will conclude on November 2, the company announced in a virtual press conference. The initial public offer (IPO) includes a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of 15,602,999 equity shares by the promoter Fino Paytech. The offer includes a reservation of Rs 3 crore worth of shares for the company's eligible employees. At the upper end of the price band, the initial share-sale is expected to fetch Rs 1,200.3 crore. Proceeds from the fresh issue would be used towards augmenting the bank's Tier-1 capital base to meet its future capital requirements. Investors can bid for a minimum of 25 equity shares and in multiples of 25 equity shares thereafter. The company said that up to 75 per cent of the total offer has been reserved for qualified institutional