New Delhi, Feb 21 (PTI) Shares of Federal Bank on Monday gained over two per cent after its subsidiary Fedbank Financial Services Ltd (FedFina) filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). On the BSE, the shares closed with a gain of 1.89 per cent, at Rs [...]
Federal Bank subsidiary Fedbank Financial Services Ltd (FedFina) has filed preliminary papers with Sebi for its initial public offering (IPO). The draft red herring prospectus (DRHP) was filed with the capital markets regulator on February 19, 2022, Federal Bank said in a regulatory filing on Sunday. "Our subsidiary Fedbank Financial Services has filed its draft [...]
New Delhi, Feb 19 (PTI) Fedbank Financial Services Ltd (FedFina), which is promoted by Federal Bank, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue consist of a fresh issue aggregating up to Rs 900 crore and an Offer for Sale (OFS) [...]
New Delhi, Feb 18 (PTI) Markets watchdog Sebi on Friday proposed that loss-making new age technology companies planning to list their shares should make disclosures about their key performance indicators considered for arriving at the basis of issue price in offer documents. Besides, such companies should make disclosures about their valuations based on issuance of new [...]
Analysts had expected Vedant Fashions Limited’s IPO to list at a discount or at par, but it got listed at a premium of 8% on its issue price.They suggested that the company has good fundamentals, but the valuation was a major concern.Some analysts believe that investors can exit as the valuations are a little expensive [...]
State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi. This includes interest earned over the outstanding unclaimed amount. As per the Draft Red Herring Prospectus (DRHP) filed by the Life Insurance Corporation of India (LIC), [...]
Vedant Fashions, which owns the ethnic wear brand Manyavar, made a positive debut on exchanges on Wednesday as the stock got listed with an 8 per cent premium over the issue price of Rs 866. On BSE, the scrip made an opening at Rs 936, higher by 8.08 per cent in comparison to the issue [...]
The Delhi High Court has refused to interfere with Oravel Stays' move to make an initial public offering (IPO) and dismissed a plea by Zostel Hospitality claiming seven per cent equity shares of OYO's parent firm (Oravel Stay's) pursuant to an arbitration award in its favour. Justice C Hari Shankar stated that there was no [...]
Bengaluru, Karnataka, India (NewsVoir) • LetsVenture rebrands with a new tagline - LetsVenture Together • Introduces an upgraded user experience & interface for angel investors • Aims to double investors & founders on the platform with programmes in 2022 LetsVenture, India’s leading early stage platform for investors and founders, that counts marquee investors such as [...]
Macleods Pharmaceuticals has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 5,000 crore through an initial public offering (IPO). The initial share-sale is entirely an offer-for-sale (OFS) of up to 6.05 crore equity shares by promoters, according to the draft red herring prospectus (DRHP). As per the DRHP, a portion of the [...]
