Policyholders are likely to receive a 10 percent reservation in the upcoming LIC IPO. Depending on the fixed price band, policyholders will also receive the IPO shares at a discounted rate. LIC IPO, expected to launch during the last quarter of the current financial year, is one of the most talked-about IPOs. It will be …
The most talked-about IPO of recent time, Zomato IPO, made a stellar debut in the stock exchanges. On listing, the shares rallied 66 percent and debuted at Rs 125.85 premium against the issue price of Rs 76. The offer received a 38x overall subscription. With the substantial listing gain, the company’s market capitalization value crossed …
Windlas Biotech Ltd. is all geared up to open its initial public offering on 4 August 2021. The IPO will close on 6 August 2021. Here’s Everything You Need to Know About the Windlas Biotech IPO The initial public offering will consist of a new issue of Rs. 165 crores. It also includes an offer …
Capital market regulator SEBI has recently stated that investors seeking to open new trading and demat accounts will be permitted to opt in or opt out of providing nominations, come October 1. A SEBI circular states that it has issued a format by way of a declaration form to do so. Also, existing trading and …
The Chairman of PFRDA, Mr. Supratim Bandyopadhyay, has mentioned in his recent interview that they are drafting new rules allowing pension fund managers to invest in the open market. These rules, when finalised, will enable fund managers to invest in IPOs, and listed companies as they deem fit. Why this Sudden Change? As per current …
India’s leading online food delivery and restaurant discovery platform, Zomato, raised the third-highest amount in the Indian stock market’s history. The Zomato IPO received a strong response from investors across various categories. At the last bidding day’s end, Zomato’s public issue was subscribed more than 38 times. This eagerly-awaited initial public offering is the largest …
The Indian economic recovery has begun in earnest as lockdown restrictions are easing across various states in India. Following suit, the stock market is also performing steadily. Amidst such optimistic signs, companies are now lining up with their IPOs, and August is expected to be a busy month as well. IPOs in the Fiscal Year …
The initial public offering of Tatva Chintan Pharma, a speciality chemical manufacturer, was concluded on Tuesday, 20 July 2021. It witnessed a mammoth 180.36 times subscription, which propelled it to become the second-most subscribed IPO in 2021, after MTAR technologies. Following an IPO’s closure, it takes about 6 days for the allotment to be finalised. …
An Overview In the wake of several concerns raised about Zomato’s successful IPO, SEBI Chairman Ajay Tyagi said on Thursday that recent public offerings demonstrate the maturity of the Indian market, which is accepting the business model of new age tech companies, which may not be valued using traditional profitability metrics. He noted that successful …
India’s leading online food aggregator, Zomato, has raised the third-highest amount in the country’s stock market history after getting subscribed 38.25 times. The company’s initial public offering received a strong response across different investor categories. Market observers believed that the company’s shares would get listed on bonuses due to improved sentiments in the primary and …
