LIC public offer, the country's biggest-ever IPO, was subscribed 0.29 times till noon by investors on the first day of bidding on Wednesday. Of the total, the policyholder portion was subscribed fully while the reserved employees' portion was subscribed 0.49 times, as per the data on stock exchanges. Qualified Institutional Buyer (QIB) and Non-Institutional Investor [...]
New Delhi, May 3 (PTI) Plaza Wires Ltd has filed initial papers with Sebi to raise funds through an initial public offering. The IPO (Initial Public Offering) will have a fresh issue of 1,64,52,000 equity shares, according to the Draft Red Herring Prospectus (DRHP). The company may consider a pre-IPO placement of equity shares. If [...]
New Delhi, May 3 (PTI) Ahead of its initial public offering, insurance behemoth LIC on Tuesday approached its policyholders through SMS and other medium to inform them about the share sale. The Initial Public Offering (IPO) of LIC opens for retail and institutional investors on Wednesday and will close on May 9. LIC has fixed [...]
New Delhi, May 3 (PTI) The initial public offer of Prudent Corporate Advisory Services Ltd, a retail wealth management firm, will open on May 10. The IPO, which is entirely an Offer for Sale (OFS) of 85,49,340 equity shares, will close on May 12. The bidding date for anchor investors will be May 9, according [...]
Insurance behemoth LIC on Tuesday said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions ahead of its mega initial public offering (IPO). Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to [...]
New Delhi, May 2 (PTI) The anchor investor portion of LIC's initial public offering has been subscribed fully, garnering around Rs 5,620 crore, according to an official. The issue opened for anchor investor subscription on Monday and saw 'excellent' response, the official said, adding that the list will be uploaded to exchanges tonight. "Anchor book [...]
Mumbai, Maharashtra, India (NewsVoir) K Padmakar, a HR professional from TISS, Mumbai, has recently superannuated as Director HR from the Public Sector Giant, Bharat Petroleum Corporation Limited, after a total service of 37+ years in various capacities across the levels. For a year he also took additional charge as Chairman & Managing Director of the [...]
New Delhi, Apr 29 (PTI) The Rs 1,581-crore initial public offer of Rainbow Children's Medicare was subscribed 12.43 times on the last day of subscription on Friday. It received bids for 25,49,03,787 shares against 2,05,14,617 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) got subscribed 38.90 [...]
New Delhi, Apr 29 (PTI) LIC IPO pricing is very attractive and investors can look forward to returns in the years to come as the company has potential for growth, LIC Chairman MR Kumar said on Friday.More than the embedded value one should look at the value for new business (VNB) going forward, and it [...]
New Delhi, Apr 29 (PTI) Inox Wind on Friday said its arm Inox Green Energy Services Ltd (IGESL) has decided to withdraw its proposed Rs 740 crore initial share sale offer. The Initial Public Offering (IPO) was slated to issue fresh shares worth Rs 370 crore, besides an Offer for Sale (OFS) of equity stocks [...]
