Tamilnad Mercantile Bank IPO subscribed 1.53 times on Day 2

Tamilnad Mercantile Bank IPO subscribed 1.53 times on Day 2

The initial public offer of Tamilnad Mercantile Bank (TMB) got subscribed 1.53 times on Tuesday, day two of the subscription. The ₹831.6-crore public offer received bids for 1,33,68,460 shares, against 87,12,000 shares on offer, according to an update available with the NSE. The retail Individual Investors (RIIs) category received 3.61 times subscription. The portion for […]

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Delhivery raises ₹2,347 crore from anchor investors ahead of IPO

Delhivery raises ₹2,347 crore from anchor investors ahead of IPO

The size of the initial public offer has been cut to ₹5,235 crore from ₹7,460 crore planned earlier The size of the initial public offer has been cut to ₹5,235 crore from ₹7,460 crore planned earlier Supply chain company Delhivery on May 10 raised ₹2,347 crore from anchor investors, ahead of its initial share sale, […]

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Delhivery IPO to open on May 11; price band set at ₹462-487 per share

Delhivery IPO to open on May 11; price band set at ₹462-487 per share

The three-day initial share sale will conclude on May 13 and the bidding for anchor investors will open on May 10 The three-day initial share sale will conclude on May 13 and the bidding for anchor investors will open on May 10 Supply chain company Delhivery on Thursday said it has set a price band […]

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LIC mega IPO opens for subscription

India’s biggest IPO said to get strong demand from anchor investors

Over 20 investors had expressed interest in subscribing to the anchor book, two other banking sources said Over 20 investors had expressed interest in subscribing to the anchor book, two other banking sources said The IPO of India’s biggest insurer, Life Insurance Corporation (LIC), has got off to a good start, with the $732 million […]

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