India raises $1.5 bln in IPO of reinsurer GIC Re

MUMBAI  - The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation's top reinsurer, in the country's biggest listing in seven years.

The funds could be critical at a time when the government is looking to boost spending to help counter the slowest ec

Globalstar completes public offering of voting common stock

Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, governments and consumers, on Wednesday said that it has completed the sale of its previously announced public offering of 73,365,231 shares of voting common stock.

The aggregate net proceeds to Globalstar from the offering are approximately USD 114.8 million, after deducting underwriting d

Godrej Agrovet sets price range for up to $178 million IPO

MUMBAI - India's Godrej Agrovet Ltd has set a price range of 450-460 rupees a share for its initial public offering to raise up to 11.6 billion rupees ($177.6 million), according to a public notice on Tuesday.

The animal-feed producer is selling new shares worth up to 2.92 billion rupees in the IPO, while its main shareholder Godrej Industries is selling secondary

Prataap Snacks IPO oversubscribed 2.17 times on Day 2

Prataap Snacks initial share sale offer was oversubscribed 2.17 times on the second day of bidding, reported PTI. The initial public offer (IPO), which aims to raise Rs 482 crore, received bids for 78,79,800 shares against the total issue size of 36,27,518 shares, data available with the NSE showed.

Portion set aside for qualified institutional buyers (QIBs) was subscribed 3.91 times,

Prataap Snacks raises Rs 143 cr from anchor investors

Prataap Snacks said it has garnered a little over Rs 143 crore from anchor investors, ahead of its initial share-sale offering, which opens today, reported PTI. The shares would be alloted to 15 anchor investors at Rs 938, which is the upper end of the price band, the company informed to the stock exchanges.

Goldman Sachs India Ltd, Fidelity Funds, Smallcap World Fund Inc and HDFC Tru

Matrimony.Com makes tepid debut; falls 7% in early trade Limited, whose flagship brand is BharatMatrimony, made a quite debut on the Bombay Stock Exchange on Thursday, right at its initial public offer (IPO) price of Rs 985 per share, in weak market conditions. The shares of the company, IPO was oversubscribed 4.44 times during September 11-13, had fixed price band at Rs 983-985 per share for the public offering.

However, the to debut on bourses today

Matrimony.Com, which runs online match-making portals, will list its shares on the bourses today after concluding its initial public offer (IPO) last week, reported PTI. The Rs 500 crore IPO was oversubscribed 4.44 times during September 11-13. The qualified institutional buyers (QIBs) portion was oversubscribed 1.88 times, non-institutional investors 41 per cent and retail investors 18.16 time

ICICI Lombard IPO oversubscribed 1.26 times

The initial share sale offer of ICICI Lombard General Insurance Company was oversubscribed 1.26 times so far on the last day of bidding yesterday, reported PTI. The initial public offer (IPO), through which the insurer is looking to raise about Rs 5,700 crore, received bids for 7,79,16,850 shares against the total issue size of 6,16,66,740 shares, data available with the NSE said. ICICI Lombard

Investors snap up Indian insurer ICICI Lombard's IPO

By Devidutta Tripathy and Swati Bhat

MUMBAI - ICICI Lombard General Insurance Co Ltd's initial public offering to raise 57 billion rupees ($886 million) was nearly three times subscribed on the last day of the sale, underscoring investor enthusiasm in India's booming IPO market.

ICICI Lombard, one of the country's biggest IPOs this year, is also

Bharat Road Network gains 7% after listing flat

Bharat Road Network, a Srei Infrastructure Finance initiative, made a quite debut on the Bombay Stock Exchange at Rs 204.90, right at its initial public offer (IPO) price of Rs 205 per share, in otherwise strong market conditions. The shares of the company, which had got overwhelming response for its initial public offering, listed flat at Rs 205.00 on the National Stock Exchange.


ICICI Lombard mops up Rs 1,625 crore from anchor investors

ICICI Lombard General Insurance raised Rs 1,625 crore from anchor investors ahead of its initial share sale opening today, reported PTI. The leading insurer would allot shares to 64 anchor investors at Rs 661 apiece -- upper end of the IPO price band. Nomura, Abu Dhabi Investment Authority, Kuwait Investment, Goldman Sachs, Reliance Nippon, DSP BlackRock and Franklin Templeton are among the anc IPO draws flurry of suitors

MUMBAI  -, the first pure-play Indian matchmaking website to launch a stock market listing, drew heavy demand for its offering, benefiting from the country's booming IPO market.

Market participants say the enthusiastic investor response could encourage other players in India's $50 billion wedding services market to consider going public. Ind

Bandhan Bank appoints lead managers for proposed IPO

Bandhan Bank on Tuesday said it has appointed five lead managers, including Goldman Sachs Group and JPMorgan Chase, to manage its proposed initial public offer (IPO).

"The bank's board has decided to appoint Goldman Sachs Group Inc., JPMorgan Chase and Co, Axis Bank, JM Financial, and Kotak Mahindra Bank as lead managers to manage its proposed IPO. Kotak Mahindra Bank will ac

SBI Life to launch India's first billion-dollar IPO in seven years

By Devidutta Tripathy and S. Anuradha

MUMBAI - SBI Life Insurance Co will launch next week what will be India's first billion-dollar initial public offering since 2010, paving the way for a record-setting year for IPOs in the country.

SBI Life, a unit of top Indian lender State Bank of India (SBI), will open the share sale to the public on Sept. 20 and c

Godrej Industries up 4% as arm gets Sebi nod for IPO

Shares of Godrej Industries jumped over 4 on the Bombay Stock Exchange after its arm Godrej Agrovet got Sebi's approval to raise nearly Rs 1,000-1,200 crore through public listing of stocks.

Cheering the news, shares of the company gained as much as 4.20 per cent to hit an intra-day high of Rs 658.35 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the company

Apex Frozen Foods to launch IPO on Aug 22

Apex Frozen Foods, which is in the business of aquaculture products will hit the capital market on August 22 with its initial public offer (IPO) to raise up to Rs 152 crore for expansion, reported PTI. The IPO of up to 87,00,000 equity shares of face value of Rs 10 each will be offered through a book-building route at a price-band of Rs 171-175 per share. At the upper end, the shares can fetch

GIC files papers for IPO, govt to dilute 14.22% stake

General Insurance Company of India has filed draft red herring prospectus (DRHP) for initial public offer for sale of 12.4 crore shares as part of the government's strategy to list all state-owned insurers, reported PTI. Following the IPO, the central government's stake in the wholly owned reinsurance firm will come down by 14.22 per cent, according to the DRHP. The company proposed IPO

Cochin Shipyard proposes IPO to finance projects: Minister

The Cochin Shipyard Limited (CSL) has proposed issuance of an Initial Public Offer (IPO) to finance its two major infrastructure expansion projects, Minister of State for Shipping Mansukh Lal Mandaviya said on Tuesday.

The two projects include construction of a new dry dock at a cost of Rs 1,799 crore and an international ship repair facility at a cost of Rs 970 crore, he said in

SBI Life Insurance files DRHP for IPO

State Bank of India on Monday said that its subsidiary SBI Life Insurance Company has filed a draft red herring prospectus with Sebi for an initial public offering.

According to a regulatory filing made to the BSE, the state-run bank said that the IPO will offer up to 12 crore equity shares of face value of Rs 10 each.

UTI Asset Management Company fairly ready for IPO: Leo Puri

UTI Asset Management Company is "fairly ready" for the initial public offering and board's approval is already in place, its managing director Leo Puri said as per the PTI report. Besides, majority of the shareholders of the company have supported the plan to go public. UTI Asset Management Company (AMC), which has been planning an IPO for a long time, could become the first fund

Cadila Healthcare bags final approval for Doxazosin Tablets

Zydus Cadila has said that it has received the final approval from the USFDA to market Doxazosin Tablets USP, 1 mg, 2 mg, 4 mg, and 8 mg. The drug is a selective alpha blocker used to treat high blood pressure and urinary retention associated with benign prostatic hyperplasia. “Zydus Cadila has also received the tentative approval from the USFDA to market Lurasidone Hydrochloride Tablets,

IPO financing to see healthy traction in FY 2018

Helped by robust capital markets, IPO financing is likely to witness healthy traction in the current fiscal year, with loans for large-size public issues pegged at an average of Rs 65,000-70,000 crore, says a ICRA report according to the PTI. "The initial public offer (IPO) financing market in India is expected to continue to witness healthy traction in the current fiscal, supported by fav