Indian IPO Blog

Monday, July 20, 2020

Rossari Biotech IPO Allotment Status

July 20, 2020 0
Rossari Biotech IPO Allotment Status
We have been getting lot of queries about Rossari Biotech IPO Allotment Status

Please take note that Rossari Biotech IPO allotment status is not available at this time. IPO share allotment process takes 6 working days from the issue closing date. Please revisit us to check the latest updates for Rossari Biotech Ltd IPO allotment status

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Saturday, March 14, 2020

Do you hold Yes Bank shares? You cannot sell more than 25 percent till 3 years

March 14, 2020 0
Do you hold Yes Bank shares? You cannot sell more than 25 percent till 3 years

The Government has notified reconstruction scheme for Yes Bank. According to the government’s notification, Yes Bank's authorised share capital will stand altered to Rs 6,200 crore from Rs 1,100 crore earlier. The number of total equity shares will stand altered to 3,000 crore of Rs 2 each. Authorised preference share capital shall continue to be Rs 200 crore.

One important provision in the scheme is notable in Clause 3 (8) which says that there shall be a lock-in period of three years from the commencement of this Scheme to the extent of 75 percent in respect of: 

  • Shares held by existing shareholders on the date of such commencement 
  • Shares allotted to the investors under this Scheme

The lock-in period shall not apply to any shareholder holding less than 100 shares

While SBI is required to maintain at least 26 percent stake in Yes Bank for a period of three years, the other investors will see 75 percent of their investment locked in for a period of three years.

This is probably the first time that such a restriction is placed upon retail shareholders as well

It may be interpreted from above that the restriction will apply only to the extent of 75% of existing shareholding meaning thereby that such restriction would not apply to remaining 25% of shareholding as well as to shares bought after the scheme

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Wednesday, March 11, 2020

SBI Cards IPO Allotment status

March 11, 2020 0
SBI Cards IPO Allotment status
The IPO allotment status for SBI Cards IPO is declared

Click link below to check now



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Wednesday, March 4, 2020

SBI Cards IPO breaks records, QIB portion subscribed by more than 56 times

March 04, 2020 0
SBI Cards IPO breaks records, QIB portion subscribed by more than 56 times
The IPO of SBI cards has been oversubcribed by a staggering 56 times in the QIB category. 

The IPO closes for subscription tomorrow. The subscription has exceeded 15 times on an overall basis with the Retail and Shareholder quota having subscribed close to 2 times

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SBI Cards IPO subscription status update till second day - 4 pm

March 04, 2020 0
SBI Cards IPO subscription status update till second day - 4 pm

Breaking