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Anchor investor talks for mega LIC IPO to start next week: Report

Anchor investor talks for mega LIC IPO to start next week: Report

by AIP Online Bureau | Nov 16, 2021 | Eco/Invest/Demography, Indian News, Life

Banks plan to file the draft IPO prospectus with the markets regulator by the first week of December, once the embedded value of the firm is finalised, the people said. The government may also allow foreign direct investment in LIC to ensure a diversified and strong...

PB Fintech shares list with over 17 pc premium

by AIP Online Bureau | Nov 15, 2021 | Indian News, Intermediaries, Technology

The stock made its debut at Rs 1,150, up 17.34 per cent on both the BSE and NSE. It then gained 22.95 per cent to Rs 1,205 on the BSE. The initial public offer of PB Fintech Limited was subscribed 16.59 times earlier this month. Mumbai: Shares of PB Fintech Ltd, which...

Paytm’s $2.5 bln IPO mints new millionaires in India

by AIP Online Bureau | Nov 12, 2021 | Eco/Invest/Demography, Facts

About 350 current and ex-employees will each have a net worth of at least 10 million Indian rupees ($134,401.38) after Paytm’s $2.5 billion IPO, a source in the company told Reuters. Many, like Pandey, will become dollar millionaires when the company lists next...

With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion

by AIP Online Bureau | Sep 30, 2021 | Indian News, Non-Life, Policy

  Mumbai, Sept 30: The government's decision to infuse Rs 4,400 crore in state-owned credit insurance provider ECGC Ltd and its listing through an initial public offering, expected in next 18 months, will increase the company's underwriting capacity...
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