The initial public offering of the country's largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at Rs 6 [...]
Mumbai, Apr 25 (PTI) IPO-bound sports shoe maker Campus Activewear saw its online sales jump to around Rs 400 crore, accounting for 37 per cent of total sales in the nine months ended December 2021, primarily driven by small town shoppers. The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the [...]
London, Apr 25 (PTI) An Indian-origin entrepreneur is celebrating what he describes as firing the "starting gun" for futuristic transport, with the opening of the UK’s first mini-airport or vertiport for public demonstrations from Monday. Ricky Sandhu, Founder and Executive Chairman of Urban-Air Port, said the opening of Air-One in Coventry, central England, is momentous [...]
New Delhi, Apr 23 (PTI) The government is likely to cut the size of the initial public offering of LIC to 3.5 per cent to raise around Rs 21,000 crore from the issue which would hit the capital markets in the first week of the next month. The government in February had planned to sell [...]
Multi-speciality pediatric hospital chain Rainbow Children's Medicare Ltd on Friday said it has fixed a price band of Rs 516-542 a share for its Rs 1,581-crore initial public offering (IPO). The-three day initial share sale will be open for public subscription during April 27-29, and the bidding for anchor investors will open on April 26, [...]
New Delhi, Apr 22 (PTI) Sah Polymers Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will be a fresh issue of 1,02,00,000 equity shares, with no offer-for-sale component, according to the draft red herring prospectus (DRHP). Proceeds from the issue will be utilised [...]
New Delhi, Apr 21 (PTI) Paytm owner One97 Communications on Thursday posted a shareholding update which showed that retail shareholders have more than doubled their stake in the company. Canada Pension Plan Investment Board (CPPIB) has also increased its stake in Paytm from 1.57 to 1.71 per cent in the quarter ended March 2022, according [...]
New Delhi, Apr 21 (PTI) Athleisure footwear company Campus Activewear on Thursday fixed a price band of Rs 278-292 a share for its Rs 1,400-crore initial public offering (IPO). The three-day initial share-sale will open for public subscription from April 26 and the bidding for anchor investors will open on April 25, according to the [...]
New Delhi, Apr 21 (PTI) Athleisure footwear company Campus Activewear on Thursday fixed a price band of Rs 278-292 a share for its Rs 1,400-crore initial public offering (IPO). The three-day initial share-sale will open for public subscription from April 26 and the bidding for anchor investors will open on April 25, according to the [...]
Chennai, Apr 20 (PTI): U Foods, a Hong Kong-based fast-moving consumer goods major, was strengthening its footprint in south India after focusing on the north and western markets of the country, a top official of the company said here on Wednesday. An exclusive branding and sales team has been set up for the expansion plan [...]
