SoftBank cuts stake in IPO-bound FirstCry; Sachin Tendulkar, Infosys founder among buyers
SoftBank, the largest shareholder in FirstCry, has reportedly sold shares worth $310 million in the omnichannel retailer in two rounds.
SoftBank, the largest shareholder in FirstCry, has reportedly sold shares worth $310 million in the omnichannel retailer in two rounds.
“Microfinance industry is in a very sweet spot and more because of the regulatory environment that RBI has created," says Sadaf Sayeed, CEO, Muthoot Microfin.
Muthoot Microfin, Azad Engineering, Motisons Jewellers, Happy Forgings, Suraj Estate Developers, RBZ Jewellers, and Credo Brands will launch their IPOs this week.
Muthoot Microfin IPO price band has been fixed at ₹277 to ₹291 per equity share. The price band for the Suraj Estate issue has been fixed at ₹340-₹360 per share.
Ahead of the opening of IPOs, India Shelter Finance and DOMS Industries shares were commanding GMP of 29.41% and 62.6%, respectively, in the grey market.
The IPO of INOX India will open on December 14, a day after the launch of public offerings of DOMS Industries and India Shelter Finance Corporation.
The Gurugram-based affordable housing financer has reduced its IPO size by one-third from ₹1,800 crore mentioned in the DRHP filed with the SEBI in August this year.
The IPO of DOMS is a mix of a fresh issuance of equity shares worth ₹350 crore, and an offer for sale (OFS) of shares worth ₹850 crore by existing shareholders.
India Shelter Finance received SEBI’s observation letter on Nov 13, Onest and DOMS Industries on Nov 16; and Jana Small Finance Bank on Nov 7.
The IPOs of Tata Technologies, IREDA, Fedbank Financial Services, Flair Writing, and Gandhar Oil Refineray will open for subscription this week.