Reported by banking | Updated: November 28, 2019
SBI Cards and Payments Services, the credit card subsidiary of State Bank of India, has filed draft red herring prospectus for its initial public offer with market regulator Securities and Exchange Board of India. The company plans to offer up to 13 crore equity shares via offer for sale route, which will include up to […]
Reported by banking | Updated: September 24, 2019
Five small finance banks are readying to come out with IPOs, estimated to be around Rs 4000 crore. Their decision follows the Reserve Bank of India’s deadline for their listing on the bourses is coming near. Small finance banks with a net worth of more than ₹500 crore were required to list within 3 years […]
Reported by banking | Updated: August 8, 2018
CreditAccess Grameen Limited (CAGL), a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers, covers 132 districts in the eight states and one union territory, with 516 branches. CAGL proposes to make a fresh issue of equity shares aggregating up to Rs 630 crore and an offer for sale of […]
Reported by banking | Updated: March 30, 2018
Bandhan Bank, which completed a successful IPO, saw its shares rose to Rs. 498.40 on its trading debut before closing at Rs 477.20, with a substantial gain of 102.20 points or 27.25% on the Bombay Stock Exchange. The bank had raised Rs 4,475 crore in the IPO, described as the biggest in the Indian banking […]
Reported by banking | Updated: January 2, 2018
Bandhan Bank has filed papers with Sebi for its IPO intending to raise around Rs 2500 crore. The bank said in a statement it is filing a Draft Red Herring Prospectus (DRHP) with Sebi for its proposed IPO of up to 11,92,80,494 equity shares of face value of Rs 10 each. The bank said the […]
Reported by banking | Updated: December 18, 2017
ICICI Securities has filed for an IPO with Sebi. It is offering up to 6.4 crore shares of face value Rs 5 a piece, representing 20% of the company’s total equity. It is expecting to raise Rs 3000-Rs 3500 crore in the IPO. The board of ICICI Bank, of which ICICI Securities is a unit, […]
Reported by banking | Updated: September 14, 2017
Bandhan Bank has finalized its plans for an IPO and it has appointed Goldman Sachs, JPMorgan Chase, Axis Bank, JM Financial and Kotak Mahindra Bank as merchant bankers for the purpose. The bank has not finalized the size of the share sale, its timing and other related aspects although it had initiated the listing process […]
Reported by banking | Updated: August 11, 2016
RBL Bank is all set to sell its shares to the public with an aim to raise around Rs 1211 crore. The bank’s three day IPO will start on 19 August. RBL Bank will become India’s first private bank to go public in more than a decade. The bank has set a price band of […]
Reported by banking | Updated: August 1, 2016
RBL Bank may have its IPO in the third week of August, according to news reports. The bank has received clearances from Sebi on the issues relating to its shareholding that were flagged off by the regulator last year. The regulator had withheld approval as RBL had in the past issued securities to more subscribers […]
Reported by banking | Updated: July 19, 2016
ICICI Prudential Life Insurance Company has filed an offer document with Sebi for an IPO, which would see the company raise around Rs 6325 crore for its parent ICICI Bank. ICICI Prudential would thus become the first major insurance company in India to be listed on the stock Exchanges. The share sale is an exclusive […]
