Mumbai: The next four months could see a massive supply of shares, potentially reaching up to $12 billion from about 40 companies, excluding state-owned firms that went public in the last two years. This surge arises as various lock-in periods are set to expire for both promoters and investors who participated in pre-IPO placements. Market … Read more
India’s IPO fundraising has dropped 26% in the first half of the current fiscal year, compared with the same period a year ago. About 31 companies raised Rs 26,300 in the primary market as against Rs 35,456 crore in the previous-year period, according to data from primedatabase.com. The shortfall was mainly on account of the … Read more
The initial public offering (IPO) of Utkarsh Small Finance Bank will open on July 12 and the company has fixed a price band of Rs 23-25 per share. The issue, which closes on July 14, is entirely a fresh issue of shares of Rs 500 crore and the entire proceeds will go to the lender. … Read more