The IPO will see sale of 1.22 crore equity shares through offer-for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust
The start-up plans to secure about $250 million in a round of financing at a $2 billion-plus valuation before a September 2021 initial public offering
Ant is planning to list on Shanghai's STAR market & Hong Kong
The IPO will open on July 27 and close two days later.
The real estate investment trust will offer about Rs 1,000 crore of new shares while the founders will offer the remaining
The FPO generated bids for 8.5 billion shares, 93% of the 9.1 billion on offer, the data provided by the stock exchanges at 6 pm showed
Rossari is the first IPO to hit the domestic markets since a national lockdown was declared in early-March.
NSE has recorded huge growth in volumes this year and also has consolidated its market share
Listed peers have stood fast despite troubles in the mutual fund space
The IPO of the country's largest AMC in terms of total AUM comprises sale of 38,987,081 equity shares by existing shareholders
The Senate passed a legislation earlier this week that requires non-US firms to meet a number of strict criteria to remain listed
While such a sale provides exits to PE investors and encourages promoters to list, it only results in change of equity ownership and doesn't really create new manufacturing or service capacity
The company believes that the extension will allow current volatility to subside and allow all categories of investors to participate in the issue, it added
The 100-million share offering generated close to 2.7 billion bids
Anticipating huge demand from wealthy investors, financial firms had borrowed heavily. However, they now fear their funds could remain underutilised
The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.
SBI Cards expects competition to intensify in future
Despite being the largest player in the domestic reinsurance industry, weak fundamentals cap the stock's appeal
Overall in 2019, 62 IPOs came in with total mop up of $2.53 billion, a decrease of 62% in volume and 54% fall in terms of proceeds
The issue will comprise an offer for sale of about 131 million shares of existing shareholders - SBI and CA Rover