In the consultation paper, Sebi has suggested that an issuer should make a public announcement stating that it has done pre-filing of the offer document with Sebi and exchanges.
On first day of its bidding, the initial public offering (IPO) of Delhivery received 21%subscription against the issue size of 6.25 cr shares.
State-owned LIC's IPO (Initial Public Offering) will close on May 9.
A total of 84 IPOs hit the capital market during FY20 till 9 months of FY22, and 81 IPOs cumulatively raised Rs 1,52,400 crore in 9M FY22, FY21 and FY20.
LIC chairman M R Kumar had previously said that this change will help the insurance behemoth increase its profitability, a metric that will be closely tracked once it gets listed.
The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer.
The company, which filed its preliminary IPO papers with SEBI in September, obtained its observation letter on January 18.
AGS Transact Tech is an integrated omni-channel payment solutions provider in India in terms of providing digital and cash-based solutions to banks and corporates.
India has over 118 crore mobile users, and of which only 74 crore have smartphones. This UPI service for feature phone users will benefit consumers in large numbers.
Holding shares in an IPO listing is a commitment that often warrants a leap of faith, however, making an informed choice while applying is not entirely impossible. How, you ask? Expert tips.
This would be a big boost to the leading financial services company Paytm, as it got a muted response on the first day of the bidding.
As per the back of the envelope calculation by TNIE, the Kottukaran family will be worth around Rs 3,000 crore based on the expected price of the Popular Vehicles' shares during IPO.
An extraordinary general meeting of Oravel Stays Pvt Ltd (OYO), on September 1, approved the resolution to increase its authorised share capital, as per a Registrar of Companies (RoC) filing.
The Tuticorin-based bank proposes to utilise the net proceeds from the fresh issue towards augmenting its Tier-I capital base to meet its future capital requirements.
Oversupply, fall in quality, and valuation, all these factors have resulted in a situation where not much money was left on the table for incoming investors.