IPO
India's biggest IPO to open next week
India's biggest initial public offering of the state-run insurance behemoth -- the Life Insurance Corporation of India (LIC) -- is all set to open next week, with the government deciding to sell 3.5% of its stake in the company.
For anchor investors, the initial public offering will open on May 2. For retail investors, it will open on May 4 and close on May 9. The price band for the offering has been set at Indian rupees 902 to 949, UNB has learnt.
The Securities and Exchange Board of India (SEBI), the country's stock markets regulator, approved the red herring prospectus on April 25. LIC has time and again bailed out the government by acting as its internal financier.
READ: E-payments unicorn Paytm launches India's biggest-ever IPO
Experts predict a stellar debut for LIC on the country's bourses just like that of private food delivery giant Zomato last year. The food aggregator was, in fact, India's first new-age technology unicorn to go public in 2021.
Zomato, in fact, rode on the Covid outbreak that has prompted a trend of people moving to order food items online the world over. Such was the fantabulous listing that Zomato's market capitalization breached 12 billion US dollar mark in the first hour itself.
2 years ago
Robi set to make capital market debut Dec 24
Robi Axiata Limited, the country’s leading digital service provider, is going to hit the trading floors in Dhaka and Chittagong stock exchanges on December 24.
3 years ago
Robi coming to stock market with ‘biggest IPO’
Robi Axiata Limited, the second largest mobile phone operator in Bangladesh, has been given greenlight for stock market launch with the biggest initial public offerings (IPO) in the country’s history.
4 years ago
Walton IPO subscription gets huge investors’ response
Centering a recent Initial Public Offering (IPO) subscription of Walton, large number of small and general investors invested in the capital market.
4 years ago
Walton IPO with high EPS in capital market
Walton Hi-Tech Industries (WHIL) is going to be listed in the capital market with a very high Earnings Per Share (EPS) recorded during the Initial Public Offering (IPO).
4 years ago
Aramco's 'greenshoe option' pushes IPO to record $29.4B
Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.
4 years ago
Saudi Aramco announces IPO indicative price range of 8-8.5 USD
Saudi oil company Aramco announced on Sunday an indicative price range of 30-32 riyals per share (8-8.5 U.S. dollars) for its planned public offering (IPO) which would value the company at 1.6 to 1.7 trillion dollars.
5 years ago
Saudi Arabia formally starts IPO of state-run oil firm
Saudi Arabia formally started its long-anticipated initial public offering of its state-run oil giant Saudi Aramco on Sunday, which will see a sliver of the firm offered on a local stock exchange in hopes of raising billions of dollars for the kingdom.
5 years ago