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IPO fundraising reaches all-time high of Rs 1.18 trillion in 2021

by AIP Online Bureau | Dec 23, 2021 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The year witnessed tremendous response from retail investors as well. The average number of applications from retail was 14.36 lakh, in comparison to 12.77 lakh in 2020 and 4.05 lakh in 2019. The highest number of applications from retail in 2021 was received by...

Govt refutes speculation over LIC IPO’s delay, says it is ‘on course’

by AIP Online Bureau | Dec 20, 2021 | Indian News, Life, Policy

“Some media speculation doubting the feasibility of LIC IPO this fiscal year is not correct. It is reiterated that plan is on course for the IPO in the last quarter of this fiscal,” Secretary of Department of Investment and Public Asset Management tweeted...

KKR to buy 10% stake in Shriram General Insurance ahead of IPO

by AIP Online Bureau | Dec 16, 2021 | Indian News, Non-Life, Wealth Management/ Philanthropy

The Chennai-based Shriram Group is selling the stake in Shriram General Insurance Co. ahead of a potential initial public offering that could take place as soon as 2022.The deal may be announced as early as next week, sources said Mumbai: KKR & Co. is nearing a...

Jhunjhunwala-backed Star Health shares recover after muted debut; settle with marginal gain

by AIP Online Bureau | Dec 10, 2021 | Health, Indian News

“Considering the undersubscription of the issue, the flat listing of Star Health was expected. The financial performance was impacted in FY21, but long-term growth prospects of the industry remain quite promising,” said Ajit Mishra, vice-president,...

Star Health cuts IPO size to about $848 mln after tepid subscription

by AIP Online Bureau | Dec 8, 2021 | Health, Indian News

Investors will be closely watching the listing which is likely on Friday after Paytm’s dismal debut in November cast doubts on the big ticket IPOs and sparked concerns about overvaluation in the domestic equity market BENGALURU: India’s largest private...
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