The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO
Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show
Enthused by the 40% grey market premium, investors have placed bids worth more than Rs 40,000 crore on the offer
Many are beefing up their investment banking teams and pitching for deals which otherwise would have gone to larger banks
In August, 7 companies file DRHPs to raise Rs 10,425 cr - the most in 5 months
The priced band for the IPO is Rs 500-525 per share
TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore
Three shareholders of TMB had sought a stay on the share sale, aggrieved by TMB's decision to drop the OFS component
Lender waiting for RBI to ease restrictions, says K V Rama Moorthy about his expansion plans
The firm has a market share of over 90 per cent of all credit and debit cards that offer airport lounge facilities
The price band has been set in the range of Rs 308 to 326 per share and will close on Friday, August 26. The public issue is entirely an offer for sale (OFS) of up to 17.24 million equity shares.
The institutional investor portion was subscribed 0.25x. The wealthy investor portion by 1.39x, and retail investor by 8x. Overall, the IPO was subscribed 1.96x
Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle
Our crucial thesis is that the business model is woven around a societal problem, said CEO Agarwal
The company's IPO is entirely an offer for sale by existing shareholders
The previously unreported probe by Hong Kong's securities watchdog into AMTD Group Co., which is run by former UBS Group AG banker Calvin Choi, predates the US listing of its unit AMTD Digital Inc
The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday. The Rs 840 crore-IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 87.56 times subscription, non institutional investors was subscribed 17.50 times and Retail Individual Investors (RIIs) 5.53 times. The IPO had a fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares. The offer was priced in the range of Rs 209-220 per share. On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor investors. It was the first company to tap the primary market in two-and-a-half months. Prior to this, the IPO of Aether Industries was open for public subscription during May 24-26. The net proceeds from the fresh issue will be utilised for funding capital expenditure requirements to expand manufacturing, R&D ..
The qualified institutional buyer portion was subscribed 71 per cent. Retail and the two categories meant for high networth individuals garnered over three times subscription
Retail investor portion of the issue was subscribed 1.5 times, while high net-worth individual portion was subscribed 63 per cent
According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion