Total fund mobilisation surged 122 per cent month on month to a record ₹3.15 trillion in June as debt issuances more than offset subdued IPO activity
The stake sale in Shadowfax coincides with the expiry of the six-month lock-in period for major pre-IPO investors after the company listed in the Indian stock market in January this year.
Share price of SBI Funds Management slipped 1 per cent to ₹572.15, falling below its issue price of ₹574 per share, on the BSE in Friday's intra-day deals.
Manipal Health will start taking investor orders on July 29 and plans to close bidding on July 31
As investors struggle to decide the best bet, analysts' consensus lies with ₹3,811-crore Indo MIM IPO as they find its global leadership position, robust financials and strong grey market positioning.
Three IPOs hit Dalal Street today - Indo-MIM, Lohia Corp and Xtranet Technologies. Check which IPO leads the GMP race along with issue details, brokerage views, and other key details.
Xtranet Technologies IPO has received mixed reviews, with Swastika recommending applying with a medium-term view. SBI Securities has a 'neutral' call on the offer.
Indo-MIM IPO: As investors await the opening of the subscription window, here are the key details of the Indo-MIM IPO
At the upper end of ₹152, the company seeks to raise ₹5,000 crore through the public issue, which comprises an entirely offer-for-sale (OFS) issue of 328.9 million equity shares
The company has named JPMorgan Chase & Co., Jefferies Financial Group Inc. as well as local investment banks Kotak Mahindra Capital Co. and Axis Capital Ltd. for the IPO process
India's largest asset manager by QAAUM ended its market debut at a modest premium, below market expectations, after its Rs 9,813 crore IPO was subscribed 41.6 times
SBI Funds Management made a subdued debut on the bourses, listing at Rs 613.30, a premium of 6.85 per cent over its issue price of Rs 574
Caliber Mining IPO comprises a fresh issue of 9.4 million shares aggregating ₹400 crore and an offer for sale (OFS) of 1.2 million shares worth ₹50 crore
Shares of the nation's largest funds manager by assets were quoted about 18% above the IPO price of ₹574 in the gray market on Monday
Veriqus Group raises ₹387 crore, Lohia Corp prices its ₹1,102-crore IPO, and Sebi fines CDSL ₹1 crore over cybersecurity lapses
Bankers pitched to Coca-Cola for the mandate earlier this month in London, the two sources said, following which JPMorgan and Citi were appointed
Industrial machinery manufacturer Lohia Corp Ltd on Monday said it has fixed a price band of Rs 404-425 per equity share for its upcoming Initial Public Offering (IPO), valuing the company at around Rs 4,500 crore at the higher end. The company's Rs 1,102 crore IPO will open for public subscription on July 23 and conclude on July 27, while the bidding for anchor investors will open on July 22, according to a public announcement. The IPO is entirely an OFS of up to 2.59 crore equity shares by existing shareholders. Since the issue is an OFS, the company will not receive any proceeds from the public offering. At the upper end of the price band, the IPO is valued at around Rs 1,102 crore. Investors can bid for a minimum of 35 equity shares and in multiples thereafter. Qualified Institutional Buyers (QIBs) have been allocated 75 per cent of the net offer, while 15 per cent has been reserved for Non-Institutional Investors (NIIs) and 10 per cent for retail investors. The equity shares
SBI Funds, India's largest asset manager, is jointly owned by State Bank of India Ltd. and France's Amundi SA
Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.6 per cent and 0.16 per cent higher, respectively
Ahead of the listing, the company's unlisted shares were trading at ₹678 apiece in the grey market, indicating a premium of ₹104 per share, or 18.12 per cent, over the IPO issue price of ₹574