HDFC Standard Life Insurance IPO Price Band and Bid Lot
Price Band: Rs. 275 to Rs. 290 per share
Bid Lot: 50 Shares & in multiples thereafter
Thursday, October 26, 2017
HDFC Standard Life IPO - Price Band and Bid Lot
IndianIPOBlog
October 26, 2017
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Wednesday, October 25, 2017
New India Assurance IPO Price Band and Retail Discount
IndianIPOBlog
October 25, 2017
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IPO opens on: Nov 1, 2017
IPO closes on: Nov 3, 2017
Price Band: Rs. 770 to Rs. 800 per share
Retail Discount & Employee Discount - Rs. 30 per share
Bid Lot – 18 shares
Application Amount - ₹13,860
Listing on: BSE, NSE
Tuesday, October 24, 2017
New India Assurance (NIA) Rs.10000 Crore IPO hitting streets soon
IndianIPOBlog
October 24, 2017
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New India Assurance (NIA), the largest general insurance company in the country, is set to hit the capital markets with around Rs10,000 crore initial public offering (IPO) in the first week of November 2017
The New India Assurance Co. Ltd (NIA) is the oldest (in operation for almost a century) and largest general insurance company in India. The company was nationalized by the GoI on January 1, 1974. The President of India, acting through the MoF is the promoter of the company and holds 100% of the pre-Offer paid-up Equity Share capital of the company.
NIA offers insurance in categories including fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products.
NIA is the market leadership in the general insurance industry in India across the segments except crop insurance.
New India Assurance is rated A-(Excellent) by AM Best Company since 2007 and have been rated AAA/Stable by CRISIL since 2014
The face value of equity shares offered would be Rs.5 per share
Mahindra Logistics IPO Details
IndianIPOBlog
October 24, 2017
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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
IndianIPOBlog
October 23, 2017
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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
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
Thursday, October 19, 2017
Mahindra Logistics IPO Details
IndianIPOBlog
October 19, 2017
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Mahindra Logistics IPO Details
IPO Opens on: 31-October-2017
IPO Closes on: 02-November-2017
IPO Size: Approx Rs. 701 Crore (Approx)
Face Value: Rs. 10 Per Equity Share
Price Band: Rs. 355 to Rs. 363 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 1,93,32,346 Shares
Bid Lot: 41 Shares (Minimum Lot Size)
Amount: Rs. 14,883
Registrar: Link Intime India Private Limited
Monday, October 16, 2017
HDFC Life IPO gets green signal
IndianIPOBlog
October 16, 2017
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HDFC Standard Life Insurance Company has received capital markets regulator Securities and Exchange Board of India (SEBI)'s go ahead to raise an estimated Rs 7,500 crore through an initial public offering.
The insurance firm had filed draft papers with SEBI in August and obtained its "observations" on October 13, which is very necessary for any company to launch public offer
The public issue comprises sale of 1,91,246,050 equity shares, amounting to 9.55 percent stake, by HDFC Ltd and up to 1,08,581,768 scrips, or 5.42 percent, holding by Standard Life Mauritius, according to the draft red herring prospectus (DRHP) filed with SEBI
Currently, HDFC owns 61.41 per cent stake in HDFC Standard Life and Standard Life has about 34.86 per cent, while the remaining is with employees and PremjiInvest.