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Hyundai Motor India files for landmark IPO expected to surpass LIC’s record

by AIP Online Bureau | Jun 16, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The planned IPO is structured entirely as an offer for sale (OFS) involving 142,194,700 equity shares by Hyundai Motor Company, as detailed in the draft red herring prospectus (DRHP). Notably, there is no fresh issue component in this offering Mumbai: Hyundai Motor...
Go Digit shares settle with over 12 pc premium in debut trade

Go Digit shares settle with over 12 pc premium in debut trade

by AIP Online Bureau | May 23, 2024 | Indian News, Non-Life, Wealth Management/ Philanthropy

The stock began the trade at Rs 281.10, up 3.34 per cent from the issue price on the BSE. During the day, it climbed 15.44 per cent to Rs 314. Shares of the company ended at Rs 305.75 apiece, up 12.40 per cent New Delhi: Shares of Go Digit General Insurance Ltd,...
Go Digit shares settle with over 12 pc premium in debut trade

Digit’s Rs 2,614.65 crore IPO oversubscribed 9.6 times, to list on BSE on NSE on 23rd May

by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy

As per the combined bid details put out by the BSE at the close of Day-3, Go Digit General Insurance Ltd was subscribed 9.60X overall, with best demand coming from the QIB Segment, followed by the HNI / NII segment and the Retail segment in that order. The QIB portion...
Go Digit shares settle with over 12 pc premium in debut trade

Digit raises Rs. 1,176.59 crore from anchor investors

by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Wealth Management/ Philanthropy

Out of the total allocation of 4,32,57,009 equity shares to the anchor investors, 1,44,96,570 equity shares were allocated to 11 domestic mutual funds through a total of 23 schemes amounting to almost Rs 394.31 crore which is 33.51 per cent of the total anchor book...
Go Digit shares settle with over 12 pc premium in debut trade

Go Digit to open its IPO on May 15,price band in range of Rs 258-272, to raise Rs 2,615 crore

by AIP Online Bureau | May 9, 2024 | Indian News, Non-Life, Wealth Management/ Philanthropy

The insurer will raise Rs 2,615 crore via its IPO which includes a fresh share sale of Rs 1,250 crore and an offer-for-sale (OFS) of up to 5.47 crore equity shares amounting to Rs 1,489.65 crore. by its promoters and existing shareholders of the company Valuation of...
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