Indian IPO Blog: IPO in October 2017
Showing posts with label IPO in October 2017. Show all posts
Showing posts with label IPO in October 2017. Show all posts

Tuesday, October 24, 2017

Mahindra Logistics IPO Details

October 24, 2017 0
Mahindra Logistics IPO Details

Issue opens on: 31 Oct 2017
Issue closes on: 2 Nov 2017
Issue Size: 1,93,32,346 Equity Shares
Face Value: Rs. 10 per Equity Share
Price Band: Rs.425 to Rs.429 per equity share
Market Lot: 34 shares
Listing At: NSE, BSE

Monday, October 23, 2017

Reliance Nippon Life AMC IPO opens on October 25

October 23, 2017 0
Reliance Nippon Life AMC IPO opens on October 25
Reliance Nippon Life Asset Management Ltd is coming up with an IPO of equity shares which will hit the streets soon

Reliance Nippon Life is asset management company having market share of over 11.4% in mutual funds offerings in India. Reliance Nippon Life is ranked the 2nd most profitable asset management company in India.

The objects for which the Company intends to use the Net Proceeds are as follows:
1. Setting up new branches and relocating certain existing branches;
2. Upgrading the IT system;
3. Advertising, marketing and brand building activities;
4. Lending to our Subsidiary (Reliance AIF) for investment as continuing interest in the new AIF schemes
managed by Reliance AIF;
5. Investing towards our continuing interest in new mutual fund schemes managed by us;
6. Funding inorganic growth and other strategic initiatives; and
7. Meeting expenses towards general corporate purposes

The IPO would remain open between Oct 25 and Oct 27, 2017. Stay tuned for more on Reliance Nippon Life IPO

Monday, October 9, 2017

MAS Financial Services IPO subscribed 4.8 times till Day 2

October 09, 2017 0
MAS Financial Services IPO subscribed 4.8 times till Day 2

The IPO of MAS Financial Services has been subscribed 4.81 times till Day 2 of subscription. The equity shares under the IPO are offered in a price band of Rs.456/- to Rs.459/- per equity share with a bid lot of 32 equity shares and in multiples thereof

MAS Financial is a Gujarat-headquartered non-banking financial company (NBFC) with more than two decades of business operations and presence across six states and the National Capital Region centres on Delhi.

MAS Financial Services is a NBFC (Non-Banking Financial Company). Company operates across six States and in Delhi through 119 branches. As of September 30, 2016 Company had more than 530,000 active loan accounts and 3,200 Customer

General Insurance Corporation (GIC) of India IPO Details

October 09, 2017 0
General Insurance Corporation (GIC) of India IPO Details
Issue opens on: Oct 11, 2017
Issue closes on: Oct 13, 2017
Issue Size: 124,700,000 Equity shares of Rs.5/- per share
Price Band: Rs.855 to Rs.912 per equity share
Bid Lot: 16 Equity shares and in multiples thereof
Listing on: BSE, NSE