The rates was lower than the usual spread of 80-120 basis points due to huge surplus liquidity in the banking system and firm demand from mutual funds. However, some lower-rated companies got a higher rate.
The government will appoint up to 2 bankers for managing the stake sale, DIPAM said while inviting proposals from merchant bankers relating to disinvestment in NSC.
The category for qualified institutional buyers (QIBs) received 35.45 times subscription, while the portion for non-institutional investors was subscribed 41 times. The retail individual investors (RI
The initial share-sale will be entirely an offer-for-sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).
The firm is a multi-channel auto platform with coverage and presence across vehicle types and value-added services through its brands—CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange,
The company, in its draft papers, said that the (OFS) includes "1.53 crore compulsory convertible preference shares, which will be converted up to a maximum of 91.51 lakh shares prior to the filing of
The initial public offer (IPO) is entirely an offer for sale (OFS) by the company's promoter and existing shareholders, draft red herring prospectus (DRHP) filed with Sebi showed.
The initial public offer (IPO) is entirely an offer for sale, wherein two promoters -- Aditya Birla Capital and Sun Life (India) AMC Investments -- will divest their stake in the asset management firm
CarTrade Tech’s Rs 2,999-crore IPO, which opened for subscription on Monday, has received a 59 per cent subscription so far, on the second day of the bidding process.
Devyani International, whose Rs 1,838-crore IPO received a whopping 116.71 times subscription, is likely to finalise share allotment on Wednesday, 11 August 2021.
Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.