The initial public offer of SBI Cards and Payment Services was subscribed 39 per cent on the first day of bidding on Monday. The IPO received bids for 3,94,54,754 shares against the total issue size of 10,02,79,411 shares
Top gainers in the Sensex pack included ICICI Bank, HCL Tech, Reliance Industries, TCS, ONGC, Titan and Infosys, rising up to 3 per cent. On the other hand, Kotak Bank, M&M and Tech Mahindra were in the red.
SBI Cards IPO: The IPO of SBI Cards will open for subscription on Monday amid a lot of buzz about the issue. Some analysts expect the issue to get a bumper response from investors.
The Indian government's proposed IPO of state-owned Life Insurance Corporation of India (LIC) will improve the accountability and transparency of the country's largest insurer but is unlikely to happen during the next fiscal, Fitch Ratings said on Wednesday.
The proposed initial share sale of LIC will improve the accountability and transparency of the country's largest insurer and benefit the insurance industry, Fitch Ratings said on Wednesday.
The IPO Committee of SBI Card has set the price band for its initial public offering (IPO) in the range of Rs 750-755 per equity share.
Sebi chief Ajay Tyagi on Tuesday said the capital markets regulator has received communication from largest stock bourse NSE for its IPO, and is examining the legal aspects of the same.
LIC IPO: Making a big announcement, finance minister Nirmala Sitharaman proposed partial listing of Life Insurance Corporation of India (LIC) through an initial public offering (IPO). Modi government has decided to disinvest a part of its stake in LIC.
Government-owned insurance behemoth Life Insurance Corporation of India (LIC) is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore. With a Rs 30.5 lakh crore balance sheet as of FY19, even a 25 per cent stake sale by the government will mean a bumper listing.
Ujjivan Small Finance Bank IPO: With oversubscription of more than 165 times Ujjivan Small Finance Bank IPO has now become the most subscribed IPO (initial public offering) of 2019. It received an overwhelming response for its ₹750 crore IPO.
Saudi Arabia has pursued a commitment from wealthy Saudi citizens and regional allies to purchase shares as a gesture of solidarity and goodwill as opposed to an investment decision. Meanwhile, the kingdom's banks were directed to double the leverage limit for loans to investors looking to buy Aramco's shares. Compared to an average leverage-ratio limit for loans of 1 to 1, banks were allowed to lend to retail customers for this purpose at a 2-to-1 ratio.
Ujjivan Small Finance Bank is all set to launch its initial public offer (IPO) today at a price band of Rs 36 to Rs 37 per share. The small finance bank has fixed the bid lot at 400 shares and equivalent multiples thereafter and aims to garner approximately Rs 750 crore via the three-day issue.
The Bank has a strong base in Kerala along with a significant presence in Tamil Nadu, Karnataka and Maharashtra. The IPO price band has been set at Rs 193-195 per share.
The Kolkata-based company, which operates in 11 "low- income" states in east, northeast and central India, will, instead, focus on raising around Rs 1,800 crore in an external round of borrowing, he said
"The Department of Investment and Public Asset Management (DIPAM) requires services of a reputed advertising agency with experience and expertise in public offerings in capital markets to act as an advertising agency for RaiTel IPO," said the Disinvestment Department
Earlier in October 2017, Reliance General Insurance approached Sebi with its IPO papers for which it received the the regulator's approval in November 2017.
IRCTC IPO: The Indian Railway Catering and Tourism Corporation (IRCTC) made a blockbuster entry on the exchanges on Monday on their listing debut on BSE and NSE. IRCTC almost doubled its issue price of Rs 320 during the early trade.
Come Monday, the Indian Railways will hit the country's stock markets with its fourth and largest Initial Public Offer (IPO), that of the IRCTC worth over Rs 635 crore.
According to its DRHP, IRCTC’s sales rose 25 per cent to Rs 1,899 crore in 2018-19 compared with the previous year, while its profit jumped 23.5 per cent to Rs 272.5 crore.
The explosions set off fires that took several hours to douse. The strikes, said to have involved at least 20 drones and several cruise missiles, forced Saudi Arabia to shut down half of its oil production capacity, or 5.7 million barrels per day of crude - 5 per cent of the world's global daily oil production.
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