Page 8 - Qip

Indian Overseas Bank plans to raise Rs 1,000 cr via QIP to sustain growth

During the quarter under review, the bank's total income dipped to Rs 5,028 crore as against Rs 5,607 crore during the April to June quarter of 2021-22

AU SFB launches QIP to raise Rs 2.5k cr; sets floor price at Rs 590.8/share

AU Small Finance Bank on Wednesday opened its qualified institutional placement (QIP) to raise up to Rs 2,500 crore, setting the floor price for the issue at Rs 590.84 per share. The decision was taken at a meeting of the bank's capital raising committee. On April 29, 2021, AU Small Finance Bank had announced its plan to raise up to Rs 2,500 crore by issuing equity shares through a QIP. The floor price set for the QIP is lower than the stock's closing price of Rs 609.35 on BSE on Wednesday. "Further, we would like to inform you that a meeting of the capital raising committee of the bank is scheduled to be held on August 8, 2022 to consider and determine the issue price of equity shares to be issued...including a discount on the floor price, if any," AU SFB said in a regulatory filing. Separately, the company said its promoter and MD and CEO Sanjay Agarwal intends to sell up to 75 lakh equity shares of the bank, subject to requisite approvals. "I along with members of promoter gro

Equity fund-raising through QIP slumps over 80% to Rs 5,039 crore

Slumps over 80%; titans of India Inc in wait-and-watch mode to see how economy navigates a torrent of headwinds

Indian Hotels nears record high ahead of fixing of QIP price band

In the past three months, the stock has outperformed the market by surging nearly 30 per cent, as compared to 0.61 per cent rise in the S&P BSE Sensex

Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share

Equitas Small Finance Bank (SFB) on Friday said it has fixed the price for its proposed QIP issue at Rs 53.59 per share. The bank in October 2021 had said that it will raise up to Rs 1,000 crore through a qualified institutional placement (QIP) in order to fulfil the regulatory norms regarding minimum public shareholding. The decision was taken by the merger committee of the board of directors at its meeting held on February 18, 2022, Equitas SFB said in a regulatory filing. The committee approved the closure of the issue period for the issue today, ie, February 18, 2022. The committee determined and approved the issue price of Rs 53.59 per equity share, which takes into account a discount of 4.98 per cent to the floor price of Rs 56.40 per equity share, it said. Equitas Holdings Ltd had 81.36 per cent stake in Equitas SFB as of December 31, 2021. As per RBI guidelines for SFBs, if a promoter holds more than 40 per cent stake in the subsidiary, it should be brought down to 40 per

Lodha launches Rs 4,000-cr QIP, fund raise will lead to 7.5% dilution

Close to 34 million new shares will be issued; BofA Securities, JP Morgan and Kotak Mahindra Capital are the investment banks handling the share sale

Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP

Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June

Phoenix Mills looks to double its portfolio of retail properties by FY26

Currently, it has 6.9 million (mn) sq. ft of malls in cities such as Mumbai, Pune, and Beng­aluru, among others

Bank of India looks to cut govt stake with follow-on equity offer in FY23

It is keen on bringing the holding down to 75%, which Sebi has been advising, the bank's MD and CEO Atanu Kumar Das said

Rupee continues to rise on Fed Chair Powell's take on taper

Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies

QIP, Jhunjhunwala stake buy: Canara Bank can rise 31% from here, charts say

Rakesh Jhunjhunwala has picked a 1.59 per cent stake in the state-owned lender

Bank of India plans to raise Rs 3,000 cr equity capital via QIP

The bank will also utilise the proceeds of the QIP for developing app based retail loan applications and offer electronic bill discounting facility, they added.

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package

Fundraising through rights issues falls sharply in January-July period

Experts said promoters opt for rights issues in a bearish market as they don't want to dilute their holdings when the valuations are unattractive

Stocks to watch: HDFC Bank, Canara Bank, HAL, HCL Tech, Meghmani Finechem

Zydus Cadila received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers

QIP mechanism: Sebi makes e-book platform mandatory for NCDs portion

Markets regulator Sebi on Friday came out with guidelines for non-convertible debentures with warrants products, whereby it made electronic book platform mandatory for the NCDs portion of the issue

IndiGo first Indian carrier to start ESG reporting, mulls use of green fuel

Meeting green goals will make the company attractive to global funds and lenders which are focusing increasingly more on sustainable investing

Karnataka Bank Q1 net down 46% to Rs 106 cr as treasury income dips

Mulls QIP for equity capital raise

Bank of Maharashtra closes QIP, raises about Rs 404 crore from issue

State-owned Bank of Maharashtra on Friday closed its qualified institutional placement (QIP) in which it raised about Rs 404 crore by allotting over 17 crore shares to eligible investors.

Bank of Maharashtra fixes floor price at Rs 24.89 per share for QIP

State-run Bank of Maharashtra (BoM) on Tuesday said the board has fixed floor price of Rs 24.89 per share for the proposed Rs 2,000 crore qualified institutional placement (QIP).