To ensure maximum participation from foreign investors in LIC IPO, the commerce and industry ministry has made some amendments in the foreign direct investment (FDI) policy.
This comes after 63 companies mopped up a record Rs 1.2 lakh crore in 2021 through initial public offerings (IPOs).
Year 2021 proved to be a historical year for IPOs in many ways. The year started with an IPO and also ends with one. Read more interesting facts about IPOs along with the best and worst performers’ list.
The public issue consists of a fresh issue of equity shares aggregating to Rs 757 crore and an offer-for-sale of up to 2,751,000 equity shares, according to the draft red herring prospectus (DRHP).
Amendments will also be effected to cap the number of shares that can be offered by selling shareholders and to increase the lock-in period for shares subscribed by anchor investors.
These companies, which filed their preliminary IPO with Sebi in September, obtained their observations on December 21, an update with the regulator showed on Monday.
The offer has received bids for 7.32 crore equity shares against the IPO size of 3.75 crore equity shares. The qualified institutional buyers' portion was subscribed 1.98 times.
Paytm Was The Biggest IPO by Size in 2021, But Sigachi Industries Saw Maximum Gains On Market Debut And Latent View Was Subscribed The Most. Know which other IPOs were at the top in terms of size, listing gains, and subscriptions.
Overall, public equity fundraising crossed the Rs 2-lakh-crore mark at Rs 2,02,009 crore in 2021 so far, which is higher than the previous high of Rs 1,76,914 crore in 2020.
The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP).
RateGain IPO witnessed bids for more than 30 crore shares and was oversubscribed 17.41 times. The retail investors and QIBs bid for more than eight times their allotted portions.
MedPlus Health IPO, which opened for subscription on December 13, 2021 is set to close on Wednesday. The price band of the book built issue has been fixed at Rs 780 to Rs 796 per equity share.
Data Patterns intends to utilise the net proceeds from the fresh issue for repayment of the debt, funding its working capital, up-gradation and expansion of its existing facilities.
Data Patterns is looking to raise Rs 588 crore through the IPO with a price band of Rs 555 to Rs 585 per share. It has allotted 30.16 lakh equity shares to the anchor investors.
Supriya Lifescience’s three-day initial public offering (IPO) will conclude on December 20. The bidding for anchor investors will open on December 15, according to the company.
Tega Industries debuted at Rs 753, reflecting a premium of 66.22 per cent from the issue price on BSE. It further zoomed 69.33 per cent to Rs 767.10. On NSE, it listed at Rs 760, a gain of 67.77 per cent.
MedPlus IPO’s price band has been fixed at Rs 780 to Rs 796 per equity share and India's second-largest pharmacy retailer firm aims to raise Rs 1,398.30 crore from this issue.
When boAt was launched in 2015, there were hundreds of brands in the cluttered category. The brand went on to capture nearly half of the market share.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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