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IPOs - Angel One

Campus Activewear IPO Records 87% Subscription on Day 1

Campus Activewear IPO Records 87% Subscription on Day 1

26 April 2022

Campus Activewear, the leading athleisure and sports brand in India, aims to fetch around Rs. 1,400 crores from its public offer. On 25 April 2022, the IPO has already raised Rs. 418.3 crores from anchor investors. The issue has obtained bids for 2.92 crore equity shares against an offer of 3.36 crores equity shares. Learn …

Bombay High Court Refuses to Stay LIC’s Proposed IPO

Bombay High Court Refuses to Stay LIC’s Proposed IPO

19 April 2022

A few policyholders from Nashik seeking a stay on the anticipated LIC IPO were denied ad-interim relief by the Bombay High Court. The High Court heard a petition to overturn revisions to the Life Insurance Corporation Act of 1956 enacted by the Finance Act of 2021. The petitioners also requested an ad-interim suspension of the …

Government Amends FEMA Rules to Enable 20% FDI in LIC

Government Amends FEMA Rules to Enable 20% FDI in LIC

18 April 2022

The government has modified the Foreign Exchange Management Act’s limits, enabling up to 20% foreign direct investment in the insurance giant LIC. The administration seeks to sell a part of its LIC stock in an IPO. In February, the LIC filed the DRHP for the IPO with the markets regulator SEBI. Last month, SEBI accepted …

DIPAM Plans to Meet Investment Bankers to Discuss LIC IPO

DIPAM Plans to Meet Investment Bankers to Discuss LIC IPO

13 April 2022

DIPAM (Department of Investment and Public Asset Management) states that the LIC IPO is going to be the biggest initial public offering that the Indian stock market has ever witnessed. In fact, after the largest insurer in the country lists its shares on the bourses, the company’s market valuation may climb up to the ranks of …

Ruchi Soya generates Rs 1,290 crore from anchor investors

Ruchi Soya generates Rs 1,290 crore from anchor investors

24 March 2022

Ruchi Soya Industries, a Patanjali-backed FMCG business, raised Rs 1,290 crore from 46 anchor investors on 23rd March ahead of its follow-on public offering (FPO). The public subscription period for the offer will begin on 24th March. The FPO will consist only of a new issue of equity shares to public investors, with no component …

Foreign Investors Pulled Out of Ruchi Soya FPO

Foreign Investors Pulled Out of Ruchi Soya FPO

31 March 2022

According to BSE statistics, foreign investors have withdrawn the majority of their bids, while high net worth and ordinary investors have seen just a slight retreat in Ruchi Soya Industries Ltd’s follow-on public offering. As of March 30, 14,583 applications totaling 9.74 million shares have been withdrawn, according to the statistics. 7.86 million offers were …

Corrtech International Files Preliminary Documents With SEBI For its IPO

Corrtech International Files Preliminary Documents With SEBI For its IPO

22 March 2022

Corrtech International, a supplier of pipeline laying solutions, has filed preliminary paperwork with the capital markets regulator SEBI to acquire money via an initial public offering. According to a draft red herring prospectus filed with SEBI, the public offering includes a new issuance of equity shares worth Rs 350 crore and a promoter offer to …

LIC’s initial public offering is on track, despite market volatility: FM

LIC’s initial public offering is on track, despite market volatility: FM

23 February 2022

Despite market volatility and geopolitical worries, Finance Minister Nirmala Sitharaman stated on Tuesday that the government will proceed with the initial public offering of Life Insurance Corporation of India. “There is a buzz in the market and there is demand for the LIC IPO,” Sitharaman said, declining to comment on whether the IPO may be …

Rainbow Children’s Medicare Files DRHP Papers, Get Details Here!

Rainbow Children’s Medicare Files DRHP Papers, Get Details Here!

29 December 2021

Multi-speciality hospital chain Rainbow Children’s Medicare has decided to launch its IPO or initial public offering. The hospital chain works in paediatrics, gynaecology and obstetrics. It has filed its DRHP (Draft Red Herring Prospectus) papers with the market regulator SEBI (Securities and Exchange Board of India). To know more about this IPO and all its …

To increase the bar on corporate governance, the National Stock Exchange has launched NSE Prime

To increase the bar on corporate governance, the National Stock Exchange has launched NSE Prime

24 December 2021

The NSE Prime framework was created by India’s biggest stock market, the National Stock Exchange, to promote corporate governance. The project aims to inspire businesses to go above and beyond what regulatory authorities need and build stronger governance processes. Why is it necessary for India to improve its corporate governance standards? With the influx of local and …

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