Warner Music is also working to line up institutions that, along with Tencent, would serve as anchor investors contributing a total of more than $1 billion toward a fundraising goal
Valuation computations for proposed deals go awry
Market sources said the IPO size will be worth Rs 700 crore
The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale
Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones
According to the DRHP, the IPO comprises a fresh issue worth Rs 800 crore and an Offer for Sale (OFS) amounting to Rs 176.2 crore
The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares
The shares of the company are proposed to be listed on the BSE and NSE
The outgoing year saw only 16 initial public offerings (IPOs) as against 24 in 2018, show the data collated by the premier database on the capital market Prime Database
Early Karuna holders saw more than 420 per cent returns since the June IPO at $16 a share
The 14 mainboard IPOs this year have risen by an average of more than 50% since listing, data compiled by Bloomberg show
Poor track record has been a drag on returns for companies
Aramco's journey from private to public company was an unwieldy and at times fractious deal-making process
The Gulf energy giant has discussed pricing its IPO shares at 32 riyals apiece, after marketing them at 30 to 32 riyals each,
Ola is estimated to have about 4,500 people on its payrolls
With recent regulations, rating agencies are giving explicit support details
The leading managers for the issue are Axis Capital and IIFL Securities
Of 85 IPOs to hit the market between FY17 and FY19, 58 ended at a premium to their offer prices
Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price
The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times