Qualified institutional placements (QIPs) have witnessed a rebound in the year so far.
UTI selected investment banks to arrange a sale which could raise about 26 billion rupees.
JM Financial and Axis Bank will manage the issue, said one of the people cited above.
The minimum bid lot is defined based on the minimum application amount.
Saudi government institutions were allocated 13.2 Per cent of the institutional tranche.
Aramco's main IPO raised $25.6 billion on Thursday.
SBI is a proxy play on India’s macroeconomy because they represent 23% of nation's banking.
Our fund-raise plan is very much on track. We have a plan B. We have a plan C.
First-time investor coming into the market they are extremely reluctant to take on losses. So, t
Any talk about SBI helping out YES Bank is just speculation. There is no truth in any of these ta
YES Bank is seeking to raise $2 bn by issuing fresh equity and weighing a number of offers.
Much progress has been made in this area, but there is still some way to go.
The first market holiday of the year falls on the occasion of Mahashivartri on February 21.
Advisors are also telling customers to stagger investments in equity market at this point in tim
Investors would see value if YES is committed to take corrective actions, says Choksey.
The IPO saw an overall 165.68 times subscription by end of third and final day of the bidding process.
While 2019 had promised to be a bumper year for IPOs, investor sentiment quickly soured.
Last week, the country's largest lender State Bank of India (SBI) had approved diluting up to 8.25 per cent stake in UTI AMC.
Here’s a look at some of the other reasons why the stock is unlikely to plunge on its debut.
Aramco may also exercise a 15% "greenshoe" option, allowing it to increase the size of the deal to a maximum of $29.4 billion.
The bank said it offers to sale up to 1,04,59,949 equity shares subject to approval from the Sebi.
The Ujjivan Bank is now the best IPO of 2019, overtaking IRCTC issue.
Aramco plans to sell 1.5 per cent of its shares in a deal that could raise up to $25.6 billion.
New York-based $79 billion private equity firm Warburg Pincus is the largest shareholder with 43.5 per cent in the company.
The IPO received bids for 60,29,84,400 shares against the issue size of 12,39,58,333.
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