ETFs have been a favoured strategy for the government, with around 80 per cent of last fiscal year's sale proceeds coming from such transactions.
Price band fixed at Rs 32-33 a share; promoter stake to drop to 82-83% from 95.49% currently
The retail portion was subscribed nearly 4 times, while the institutional investor category was over-bid by 90 times
The last hugely subscribed PSU IPO was that of IRCTC last year
The company is primarily engaged in constructing and repairing warships and submarines for MoD and other types of vessels for commercial clients
Equitas Small Finance Bank had received the Sebi's approval for the IPO on March 3
The offer received bumper response from retail investors who have subscribed the issue 3.4 times so far on Day 3 of the issue. However, the IPO failed to get any subscription from QIBs
The category meant for non institutional investors was subscribed 31 per cent and that of retail individual investors 2.79 times.
The portion of qualified institutional buyers was subscribed 42.25 times
Those who invest in an IPO are among the first to buy shares in the company after it goes public and hence there is a price discovery that is yet to happen
The initial public offer is of up to over 1.82 crore shares and is in the price range of Rs 1,229-1,230 per share
All that happened in the markets today
Angel Broking will be looking to ride the boom in broking industry seen this financial year
At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50% since March
Through the IPO, Happiest Minds was looking to raise Rs 110 crore in fresh capital
A price band of Rs 345-350 apiece per share has been fixed for the IPO that will conclude on September 11
In Malaysia, home improvement retailer Mr DIY has re-started the process for its up to $500 million initial public offering
Analysts at Choice Broking remain positive on the company's prospects on hopes that India could compete with China to become a global manufacturer in the post Covid-19 era
Apart from the boycott campaign, Indian intelligence agencies have red-flagged usage of over 50 China-linked apps as being a threat to national security.
ZoomInfo said its customers in industries most impacted by the pandemic, including retail, restaurant, hotels, airlines and oil and gas