Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8

Forbes & Company, a Shapoorji Pallonji group firm on Tuesday announced plans to list its subsidiary Eureka Forbes to unlock value for shareholders. The company's board has authorised the management to evaluate any such scheme in this regard, Forbes & Company said in a regulatory filing. "The Board of Directors of the company has authorised the management...to evaluate a scheme of arrangement and/or other appropriate mechanisms to enable an eventual listing of Eureka Forbes with an intention to unlock value in the hands of all the shareholders of the company," it said. These may also include listing, dilution/sale or combination thereof of Eureka Forbes, it added. Eureka Forbes is a wholly-owned subsidiary of Forbes & Company. "The Board will consider the above (schemes) when the relevant proposals are placed before it in the near future, but in principle has approved supporting the endeavours of the management in this regard," it said. It operates in water purifier, air ...

The banks will be paid 35 basis points of the money raised, according to the three sources

Edelweiss Financial Services Ltd and Axis Capital will manage the company's initial share-sale. Shares of the company will be listed on the BSE and NSE.

The retail portion of the planned deal had received 10 billion riyals, it also said.

The company, which aims to raise up to Rs 410 crore, has fixed a price of Rs 193-195 per share for the IPO.

The lender commenced operations in February 2017 and the bank will also have to bring the promoters' holding to 40 percent by 2022

It has set a price band of Rs 177-178 per equity share for the IPO

The equity shares of the company will be listed on the BSE and the NSE.

Price band of the offer has been fixed at Rs 177-178

The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore

Early Karuna holders saw more than 420 per cent returns since the June IPO at $16 a share

The shares of the company are proposed to be listed on the BSE and NSE

The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares

The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 trillion for 2020-21

Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones

The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale

SBI Cards is the second-largest credit card issuer in India, with an 18.1 per cent market share of the market as of November 2019

Market sources said the IPO size will be worth Rs 700 crore

The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. The IPO, opening on March 2 and closing on 4, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares. Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively. SBI holds 74 per cent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 per cent and 10 per cent respectively, SBI Managing Director Dinesh Khara told reporters kicking of the IPO roadshow. SBI Card's market share in terms of the number of credit cards outstanding is 18 per cent. The pure-play credit card company's gross NPA stood at 2.47 per cent in December 2019 compared to 2.44 per cent in March 2019 and 2.83 per cent in March 2018, he said. SBI Card managing director and

At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fourth-largest domestically

Normally, IPOs are open for subscription for three days but SBI Cards IPO will run for four days. The first three days, i.e. from March 2 to March 4, the issue will be open for all bidders

No multi-bagger like IRCTC, but can deliver 50% listing gains, says Ambareesh Baliga, an independent market expert

Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.

The price band for the IPO is Rs 295 to Rs 300 per share. At the IPO price, the firm is valued at Rs 800 crore

The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares

JM Financial, Edelweiss Financial Services and IIFL Securities are managing the offer

The company will offer fresh shares worth Rs 35 crore and will offer 57 lakh equity shares under Offer For Sale (OFS) category for reduction of the aggregate consolidated outstanding borrowings.

At the top-end, the stock is valued at 46x its earnings for the first nine months of 2019-20.

Antony Waste IPO comprises of Rs 35 crore of fresh fund raising and Rs 171 crore of secondary share sale

The SBI Cards IPO is one of the largest share sale in recent times, both in terms of size and oversubscription

SEBI issued the final observations to the lenders proposal on March 20, 2020.

For a third year in a row, exits accounted for over 80% of total proceeds

A complaint of harassment and cyber bullying was lodged against a group of residents of a Sector-V housing complex — by a couple from the same complex — for not allowing domestic helps enter the premises.

Trucks laden with goods rolled into Posta on Friday even as the government hunted for a suitable place to relocate part of the wholesale market’s operations in a bid to decongest Burrabazar and prevent the area from turning into a Covid-19 super-spreader.

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