• Total Transport Systems to enter capital market with IPO on July 25 July 20, 2017 3:45 pm
    Total Transport Systems Ltd (TTSL) a leading player in logistics with Reliance Group, Tata Group and DHL being its clients, is entering the capital market with an initial public offering (IPO) of 3.78 million shares at a fix price of Rs 45 per share of face value of Rs 10 each. The issue opens on July 25 and closes on July 28.The company specializes in less than a container load (LCL) and cargo consolidation plans to list its share on the National Stock Exchange. Sarthi Capital Advisors Pvt.Ltd is the sole lead manager to the issue. Most of the shipping carriers carry their loads on containers which need to be full for maximum efficiency. For export and import (Exim) players whose requirements are not big enough for full container, LCL logistics companies provide the best and most cost efficient solution.The company offers this together with freight forwarding which even includes arranging of all pre-shipment activities like export inspection, excise inspection, container survey, ...
  • New India Assurance eyes IPO by October July 19, 2017 6:08 pm
    It expects the final government go-ahead for it anytime now
  • Godrej Agrovet files IPO papers with Sebi July 19, 2017 6:05 pm
    The public issue comprises fresh issue of shares worth Rs 300 crore
  • HDFC Life to proceed with IPO July 17, 2017 7:04 pm
    In a board meeting on Monday, HDFC Standard Life Insurance Company decided to list its shares through an Initial Public Offer (IPO). The public issuance would be an offer for sale by HDFC, the parent company, and UK-based Standard Life, which holds 35 per cent stake. HDFC has told the stock exchanges a maximum of 20 per cent equity capital of HDFC Life would be offered for sale in the IPO. The ratio of equity dilution by HDFC and Standard Life is not known at the moment.Analysts estimates had recently pegged the value of HDFC Life at Rs 32,000 crore. At this number, the IPO size could be about Rs 6,000 crore.The Insurance Regulatory and Development Authority of India (Irdai) did not give a go-ahead to an HDFC Life-Max Life merger in the form it was proposed about a year before. After that, it appears HDFC Life and Standard Life worked on an alternative structure. On June 7, Standard Life expressed apprehension on whether any new structure for the proposed merger would be viable or ...
  • HDFC Life to launch IPO; Max Life merger on hold with no regulatory nod July 17, 2017 4:40 pm
    Till now, structure prior to an IPO has been identified which satisfies shareholders' requirements
  • SBI Life, second life insurer to go public, to issue up to Rs 12 cr shares July 17, 2017 3:55 pm
    SBI Life Insurance is joint venture between SBI, BNP Paribas Cardif- French insurance company
  • 50 SMEs raise Rs 600 cr in Jan-Jun period, issue size doubles year-on-year July 16, 2017 9:20 am
    The SME capital market has been witnessing participation from wider class of investors
  • ICICI Lombard files for first IPO by non-life insurer, to dilute 19% equity July 14, 2017 7:13 pm
    ICICI Lombard General Insurance on Friday said it would offer about 19 per cent of its shares in an initial public offer (IPO), in which parent ICICI Bank and a unit of Fairfax Financial Holdings will offload their shares.This is the first time that a non-life insurance company has filed a draft red herring prospectus for an IPO. In the prospectus, the insurer said it would offer 86,247,187 equity shares, at the face value of Rs 10 per share, representing about 19 per cent of its equity share capital. ICICI Bank, the majority shareholder of ICICI Lombard general insurance, will dilute 31,761, 478 of its equity share, while FAL Corp, a unit of Fairfax Financial Holdings, will dilute upto 54,485,709 equity shares.Around 5 per cent of the total shares offered for dilution, that is 4,312,359 equity shares, will be reserved for individual and Hindu Undivided Family (HUF) shareholders of ICICI Bank, the bank said in a statement to exchanges. This is the second insurance company of ICICI ...
  • UTI Asset Management Company fairly ready for IPO, says MD Leo Puri July 13, 2017 5:36 pm
    UTI AMC could become the first fund house to be listed in the country
  • AU Small Finance Bank jumps 51% on stock market debut July 10, 2017 7:00 pm
    AU Small Finance Bank is the third SFB to be listed
  • Demand for IPO financing to stay buoyant amid strong pipeline July 6, 2017 6:31 pm
    Wealthy investors could borrow up to Rs 70,000 cr per issue to apply for good large-sized IPOs: Icra
  • Ahead of IPO, National Insurance improved solvency ratio to 1.9 in March July 5, 2017 7:22 pm
    In an effort to clean its balance sheet before launching an Initial Public Offer of equity (IPO), central government-owned National Insurance Company (NIC) has improved its solvency ratio substantially, from 1.26 in September 2016 to 1.9 in March 2017.With the capital position improving, it has asked the government for approval to launch an IPO in the next financial year. The solvency ratio indicates an insurance company's financial capacity to meet both its short-term and long-term liabilities. It identifies whether the company has enough buffer to settle all claims in extreme situations. The Insurance Regulatory and Development Authority (Irdai) has mandated a standard solvency ratio of 1.5. If the ratio goes below 1, the company cannot do business. A ratio in excess of 1.5 is seen as healthy.To clean its balance sheet before IPO launch, NIC has exited 119 loss-making group health policies. More, subordinate debt issuance of Rs 895 crore and a quota share reinsurance arrangement ...
  • GTPL Hathway makes quiet debut, lists at 1.15% premium July 4, 2017 1:37 pm
    GTPL Hathway's Rs 485-crore IPO was subscribed 1.53 times during June 21-23
  • GTPL Hathway to make stock market debut today July 3, 2017 11:30 pm
    The IPO was subscribed 1.53 times during the June 21-23 offer period
  • AU Finance public offer subscribed 54 times June 30, 2017 8:52 pm
    AU Finance is the third small finance bank (SFB), after Equitas and Ujjivan, to go in for an IPO
  • L&T Finance Holdings and group to raise Rs 15,000 cr for IPO finance June 28, 2017 9:25 pm
    L&T Finance Holdings (LTFHL) and its subsidiaries will raise a little over Rs 15,000 crore through commercial paper, a short-term money market instrument, and bonds to predominantly finance Initial Public Offers of equity. LTFHL, through its subsidiaries, is into services across rural, housing and wholesale finance businesses. Its group entities also offer fund management and non-fund based services such as insurance and mutual fund distribution.The entities rasing money through commercial paper are -- L&T Finance up to Rs 9,000 crore, L&T Infrastructure Finance, Rs 5,000 crore and L&T Housing Finance, Rs 1,000 crore. LTFHL is raising about Rs 250 crore through debentures, according to rating agency ICRA.Generally, finance companies raise resources over a period in one or more tranches, based on assessment of requirements, said a senior official with a merchant banking entity that arranges issues. On a consolidated basis, for 2016-17, LTFHL reported a net
  • Pushpanjali Realms & Infratech sets IPO at Rs 55 per equity share June 27, 2017 2:36 pm
    Pushpanjali Realms and Infratech Limited are now entering the capital market
  • New India Assurance IPO: Largest PSU general insurer to hit market by Dec June 25, 2017 11:35 am
    New India has a 16% market share, had a domestic premium income of Rs 19,115 crore this fiscal
  • GTPL Hathway IPO oversubscribed 1.53 times on last day June 23, 2017 4:21 pm
    The IPO to garner up to Rs 485 crore comprises fresh issue of shares worth Rs 240 crore
  • GTPL Hathway IPO subscribed 41% on Day 2 June 22, 2017 5:29 pm
    The company on Tuesday raised over Rs 145 crore from anchor investors
  • Sanjiv Kaul continues multi-bagger pharma returns with Eris' IPO June 21, 2017 7:18 pm
    A few years ago when Ajay Piramal was delivering the keynote address at a conference organised by Venture Intelligence in Mumbai he specifically pointed out to Sanjiv Kaul (who was in the audience amidst many PE-VC professionals) saying that Sanjiv could relate very well to what he was talking about.The chairman of Piramal Group, bought Nicholas Laboratories in 1988, when it was ranked 48th in the domestic market and turned it into third largest company through a series of acquisitions. In 2010, he sold the domestic formulation part of the business to Abbott for $3.8 billion (Rs 17,500 crore), at the most expensive valuation of nine times to sales. He is clearly respected for his ability to build as well as make good return on his investments.Piramal is right on Kaul. With Eris Lifesciences' initial public offering (IPO) getting three times oversubscribed on Tuesday, ChrysCapital has made another multi-bagger exit from its investment in pharma. The home grown PE firm that invested ...
  • CDSL's Rs 524-cr IPO a massive hit; gets oversubscribed 170 times June 21, 2017 6:55 pm
    The price band for the CDSL IPO was Rs 145 to Rs 149 per share
  • IPO fundraising crosses Rs 10,000-crore mark in first 6 months of 2017 June 21, 2017 6:38 pm
    Historically, it is only the third time funds raised through IPOs has crossed the Rs 10k-crore mark
  • GTPL Hathway IPO subscribed 27% on Day 1 June 21, 2017 3:18 pm
    GTPL Hathway yesterday raised over Rs 145 crore from anchor investors
  • CDSL's Rs 524-cr IPO a massive hit; gets oversubscribed 169 times June 21, 2017 2:29 pm
    Consolidated sales were up 19% to Rs 146 crore and operating profit margins increased to 54.4%
  • EESL may go for an IPO to raise Rs 200 cr June 21, 2017 9:50 am
    EESL is a joint venture of NTPC Ltd, Power Finance Corp, Rural Electrification Corp and PowerGrid
  • IPO round up: Eris Lifesciences IPO garners 3 times subscription June 20, 2017 6:21 pm
    The IPO entirely comprises of secondary share sale by promoter group entities
  • IPO round up: DSL IPO subscribed 2 times on first day June 19, 2017 7:09 pm
    The IPO entirely comprises secondary share sale with existing shareholders BSE
  • Eris Lifesciences IPO subscribed 75% a day before close June 19, 2017 1:02 pm
    Eris Life has already raised Rs 779 crore from 21 anchor investors
  • AU Small Finance Bank IPO to open on June 28 June 19, 2017 12:57 pm
    At the top end of the price band, the IPO will mop up around Rs 1,920 crore
  • CDSL IPO subscribed two times on first day June 19, 2017 12:42 pm
    The IPO has so far received bids for 51 million shares for the 24.8 million shares on offer
  • Country's second-largest depository CDSL's IPO fully subscribed on Day 1 June 19, 2017 10:06 am
    The price band for the share sale has been fixed at Rs 145-149
  • SBI rules out general insurance IPO this fiscal, may consider in 2018-19 June 18, 2017 6:55 am
    SBI owns 70.1% in the insurer, Cardif controls 26%, and KKR and Temasek the remaining stake
  • CDSL, GTPL Hathway IPOs to hit market this week, aim to garner Rs 1,000 cr June 18, 2017 6:36 am
    2016 saw hectic fund-raising activity in the IPO segment as 26 firms collected over Rs 26,000 cr
  • Tejas Networks IPO gets lukewarm response; oversubscribed just 1.9 times June 16, 2017 7:46 pm
    Telecom networking products company Tejas Networks received cold response for its initial public offering (IPO) as it was subscribed just 1.9 times. The wealthy investor portion of the issue remained undersubscribed at 50 per cent. The institutional and retail investor quota garnered 2.2 and three times subscription respectively. Market players said the lukewarm response from high net worth investors (HNIs) could mean the investors were not excepting good listing day returns.Tejas Networks' IPO comprised of fresh equity issuance of Rs 450 crore and offer sale by existing shareholders of Rs 327 crore. The OFS portion was around 14 per cent of the post issue paid up capital. Part of the fresh issue proceeds (Rs 303 crore) will be used for working capital and the remaining will be deployed for capital expenditure towards payment of salaries and wages.Tejas will be the first company in optical networking equipment to list on domestic bourses. At the top end of the price band, the company .