Niva Bupa to raise ₹3,000 cr via IPO; files DRHP with SEBI
Fresh shares worth ₹800 crore will be issued by the company as part of the initial offering.
Fresh shares worth ₹800 crore will be issued by the company as part of the initial offering.
The IPO of Bajaj Group company comprises fresh issue of equity shares of up to ₹4,000 crore and an OFS of shares worth up to ₹3,000 crore.
The listing of NSE is long-awaited as its first attempt to launch the IPO in 2016 was derailed after the bourse got embroiled in the co-location controversy.
The IPO of Transrail Lighting is a combination of fresh equities and OFS components, while Manba Finance looks to raise capital entirely via fresh equity shares.
The IPOs of all three companies are a mixture of a fresh issue of equity shares and an offer for sale by existing shareholders.
SEBI introduced confidential pre-filing of IPO documents in November last year to safeguard sensitive business information of the issuer.
Digit Insurance intends to utilise the IPO proceeds to augment its capital base to meet future capital requirements and maintain solvency levels.
The Kerala-based jeweller will use the proceeds from the offer to repay some of its debt and set up more showrooms in the country.
Global central banks' crisis interventions to cut interest rates combined with improved corporate earnings have buoyed investors’ sentiments.
UTI AMC files DRHP with SEBI to list shares on stock exchanges. State Bank of India, LIC, Bank of Baroda, Punjab National Bank, and T. Rowe Price are set to reduce their stake via an offer for sale.