• HDFC Life rides on parentage, Moody's upgrade, shares soar 19% on debut November 17, 2017 8:10 pm
    Private life insurer HDFC Standard Life Insurance Company stunned the Street with a stock listing day performance. Shares of the company soared as much as 27 per cent amid buoyancy in the secondary market after Moody's Investors Service upgraded India's sovereign bond rating, the first time in nearly 14 years. Shares of HDFC Life closed at Rs 344, up Rs 54, or 18.6 per cent. The stock touched a high of Rs 369 and a low of Rs 307 in intra-day trade, with Rs 6,230 crore worth of shares changing hands on the National Stock Exchange (NSE) and the BSE.The Street was expecting a muted listing going by the given the tepid demand from retail and high networth individual (HNI) during the Rs 8,700-crore initial public offering (PO), which closed on November 9. The retail portion of the IPO was subscribed just 80 per cent, while HNI category saw only 2.3 times demand. Demand from institutional investors was high at 16 times the shares on offer. Overall, the IPO was subscribed five times.Retail ..
  • HDFC Life shares buck trend, soar on debut after $1.3 bn IPO November 17, 2017 10:01 am
    HDFC Life's rival SBI Life has also shed 6.4 percent since its listing last month after a $1.3 billion IPO
  • Seven Islands Shipping gets Sebi's nod for Rs 450-cr IPO November 13, 2017 12:35 pm
    Seven Islands Shipping is a liquid sea-borne logistics company
  • Mahindra Logistics ends flat on debut November 10, 2017 7:36 pm
    In intra-day trade, it hit a high of Rs 434 and a low of Rs 416 on the National Stock Exchange
  • HDFC Life's Rs 8,700-cr IPO subscribed 4.8 times November 9, 2017 5:46 pm
    Poor post-listing performance of insurance firms impacted small investors' sentiments towards the IPO: Market players
  • HDFC Standard Life IPO oversubscribed 1.15 times November 8, 2017 12:23 pm
    The IPO, estimated to raise Rs 8,695 crore, received bids for 25,17,92,650 shares against the total issue size of 21,97,59,218 shares
  • HDFC Standard Life IPO subscribed 46% on Day 1 November 7, 2017 2:20 pm
    The price band for the offer has been fixed at Rs 275-290 per share
  • HDFC Life IPO opens today: Should you invest? November 7, 2017 5:55 am
    Valuations are high, but subscribe for the long term, advise analysts
  • HDFC Standard Life mops up Rs 2,322 cr from anchor investors ahead of IPO November 7, 2017 3:12 am
    The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 % stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 %, holding by Standard Life Mauritius
  • HDFC Life IPO opens today: From anchor investment to mkt share, all you should know November 7, 2017 3:10 am
    The price band of the IPO has been fixed at Rs 275 to Rs 290 per equity share
  • Reliance Nippon AMC gains 13% on debut November 6, 2017 7:02 pm
    Shares of Reliance Nippon Asset Management (RNAM) gained 13 per cent during their stock market debut on Monday. The Anil Ambani group firm is the country's first standalone mutual fund (MF) company to list through an initial public offering (IPO). Shares of the company closed at Rs 285, up Rs 33, or 13 per cent over the issue price of Rs 252 per share. In intra-day trade, the stock hit a high of Rs 299 and a low of Rs 278 on the National Stock Exchange (NSE). Shares worth Rs 1,245 crore were traded on the NSE and another Rs 187 crore on the BSE.RNAM's Rs 1,540 crore-IPO had got robust response with the offering seeing more than 80 times demand the shares on offer. RNAM had allotted shares worth Rs 462 crore to anchor investors.Marquee names like Abu Dhabi Investment Authority, Morgan Stanley, Fidelity International, HDFC Mutual Fund, ICICI Prudential MF and Aditya Birla Sun Life MF were among the anchor investors. Japan's Nippon Life and Reliance Capital had sold shares worth Rs 642 .
  • IPOs raise Rs 57,000-cr funds in FY18; promoters, PEs corner lion's share November 5, 2017 7:09 am
    More than Rs 45,000 crore have gone to promoters and other existing shareholders leaving only 20 per cent funds for the firms' growth and expansion plans
  • No IPO for Bajaj Allianz general, life insurance companies: Sanjiv Bajaj November 5, 2017 6:27 am
    Bajaj said both the life and general insurance companies were well capitalised and its promoters remained committed
  • Khadim IPO subscribed 45% on Day 2 November 3, 2017 8:34 pm
    Retail portion witnessed 84% subscription
  • Reliance Nippon AMC to make stock market debut on Nov 6 November 3, 2017 8:19 pm
    The company's IPO was oversubscribed 81.54 times during October 25-27
  • New India Assurance's mega IPO gets lukewarm response November 3, 2017 7:50 pm
    If not for LIC, the Rs 9,600-cr offer would have struggled to garner full subscription
  • Khadim India IPO subscribed 45% on Day 2 November 3, 2017 3:32 pm
    Khadim India on Wednesday raised Rs 163 crore from anchor investors
  • Lukewarm response to New India IPO as HNIs stay away; LIC plays saviour November 3, 2017 2:05 pm
    The Rs 9,600-crore initial public offering (IPO) of The New India Assurance Company got lukewarm investor response, with shares meant for retail and high networth individuals (HNIs) remaining undersubscribed. The IPO garnered just 1.2 times subscription, with qualified institutional buyers (QIB) investor category getting 2.4 times subscription, while retail and HNI segment getting only 12 per cent and 11 per cent subscription, respectively.Within the QIB category, bulk of the bids came from state-owned insurance giant Life Insurance Corporation (LIC). According to investment banking sources, LIC placed bids through multiple brokers worth between Rs 8,000 crore and Rs 9,000 crore. The total demand from overseas investors was worth less than Rs 100 crore. Mutual funds placed bids worth about Rs 230 crore. Retail investors, who were being offered a discount of Rs 30 per share on the issue price, placed bids worth Rs 360 crore.Industry observers said this was one of the weakest responses .
  • New India's IPO subscribed 1.1 times November 2, 2017 7:09 pm
    The issue was subscribed 1.04 times a day prior and saw only a few incremental bids on its second day
  • Khadim IPO garners 14% subscription November 2, 2017 7:07 pm
    Khadim is a footwear brand with a strong presence in eastern part of the country
  • Mahindra Logistics IPO subscribed 7.6 times November 2, 2017 7:02 pm
    The institutional portion was subscribed 15.6 times
  • Mahindra Logistics IPO subscribed 1.32 times November 1, 2017 7:04 pm
    Mahindra Logistics operates as third-party logistics services provider; price band for IPO fixed at Rs 425-429 per share
  • New India IPO is reasonably valued: Should you invest now? November 1, 2017 5:11 am
    Market leader, with strong foothold in segment and healthy opportunity, to improve financials
  • Clarify on proposed IPO plans, Sebi to Lemon Tree Hotels, 9 other companies October 31, 2017 10:22 am
    Together, these companies are estimated to raise more than Rs 6,000 crore, according to merchant banking sources
  • Mahindra Logistics IPO opens today: Should you invest? October 31, 2017 4:02 am
    The issue comprises sale of 1,93,32,346 shares, including offloading of 96,66,173 shares -- amounting to 13.74% stake -- by the parent firm Mahindra and Mahindra
  • HDFC Standard Life IPO to open on November 7 October 30, 2017 7:02 pm
    At the top end of the price band, HDFC Standard Life will be valued at around Rs 58,100 crore
  • New India Assurance IPO reasonably valued October 30, 2017 3:42 pm
    It's a rain of Initial Public Offers of equity (IPOs) at D-Street and keeping pace with its target, New India Assurance (NIA) is to launch its offer on Wednesday. In the general insurance sector, it enjoys the status that State Bank of India or Life Insurance Corporation have in those segments, respectively.NIA has comfortably maintained its first position across key parameters such as net worth, gross domestic premium and branch strength. And in major product categories. These factors and reasonable valuations (30 times the FY17 price to earnings) support the offer. Retail (small) investors also get a discount of Rs 30 a share.BusinessA big chunk of NIA's business is derived from two products in the general insurance space, motor and health (see chart). It has 15 per cent and 18 per cent share, respectively, in these, the top spot. NIA also holds leadership position in the marine and fire insurance segments, though their contribution is relatively small to the revenue. While its ...
  • Reliance Nippon AMC IPO subscribed 81 times on last day October 27, 2017 7:41 pm
    Country's first-ever mutual fund IPO by Reliance Nippon Asset Management Company (AMC) was lapped up by investors. The 43-million share offering saw 81 times more demand, with bids for 3,485 million shares, worth Rs 87,830 crore. The Rs 1,540-crore offering saw healthy demand in all three investor categories. The institutional portion of the IPO was subscribed 118 times, high networth individual (HNI) segment was subscribed 209 times and retail investor portion was subscribed five times. The retail book was kept open till late as demand remained high, said investment bankers. The IPO saw over 1.5 million applications, one of the highest for IPOs this year.The price band for the IPO was Rs 247 to 252 per share. At the top-end of the price band, Reliance Nippon AMC was valued at Rs 15,422 crore. Japan's Nippon Life and Anil Ambani-led Reliance Capital sold shares worth up to Rs 643 crore and Rs 282 crore respectively in the IPO. The AMC also issued fresh shares worth Rs 617 crore.The ...
  • Reliance Nippon AMC IPO oversubscribed 81 times on last day October 27, 2017 12:07 pm
    The firm has fixed the price band at Rs 247-252 per share
  • HDFC Standard Life's Rs 8,700-cr IPO price band fixed at Rs 275-290 October 26, 2017 4:17 pm
    The issue opens on November 7 and will close on November 9
  • Reliance Nippon Life AMC IPO subscribed 7.5 times on Day 2 October 26, 2017 12:38 pm
    The price band for the IPO is Rs 247-252 per share
  • Board of SREI Equipment Finance approves IPO of up to Rs 2,000 cr October 26, 2017 12:02 pm
    Shares of Srei Infrastructure Finance were trading 1.12% lower at Rs 119.70 on BSE
  • IPO oversubscribed in 5 minutes: Decoding Reliance Nippon AMC's popularity October 26, 2017 10:39 am
    At the end of the first day, the institutional and non-institutional categories were subscribed 6.13 and 11.38 times, respectively
  • Khadim India IPO opens on Nov 2, price band set at Rs 745-750 October 26, 2017 8:51 am
    The footwear retailer expects to raise Rs 543 crore through IPO next month
  • New India Assurance's Rs 9,600-cr IPO price band set at Rs 770-800 October 25, 2017 5:18 pm
    New India Assurance, country's largest general insurance company, will launch its Rs 9,600-crore initial public offering (IPO) on November 1. The price band for the issue has been fixed at Rs 770 to Rs 800. This will be the fourth-largest IPO ever in the history of Indian capital markets after Coal India, Reliance Power and General Insurance Corporation (GIC Re).The issue comprises of a fresh issue of Rs 1,920 crore and an offer for sale (OFS) of Rs 7,680 crore by the government of India. Retail investors are being offered a discount of Rs 30 per share (3.7 per cent on the upper price band).Market participants say, the issue would be a good bet for the investors as New India is the industry leader in the non-life segment in terms of market share, premium and also distribution network. The company commands a market share of 15 per cent in the overall general insurance space. New India has assets worth Rs 69,000 and also has a healthy solvency ratio of 2.27 per cent. The gross premiums .
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