Ankit Doshi
Stories by Ankit Doshi
India: HPL Electric & Power fixes price band for $53m IPO
The company will raise Rs.361 crore in fresh capital. The proceeds will be used for repayment of debt and funding working capital requirements.
India: ICICI Bank raises $243m in insurance arm pre-IPO, GIC among anchor investors
Morgan Stanley Mauritius Co. Ltd bought shares worth Rs207.45 crore, 12.68% of the total anchor book value. Sovereign Wealth Fund GIC Pvt. Ltd bought
India: Reliance Capital to list its housing finance arm
After the listing, Reliance Capital will hold a 51% stake in Reliance Home Finance and the home financier will be adequately capitalized to grow the l
India: L&T Technology Services IPO subscribed 18% on day one
The institutional investor category was subscribed 28%, while the non-institutional category comprising high net-worth individuals was subscribed 1.5%
Asia’s oldest bourse BSE files IPO draft papers, targets to raise up to $195m
The draft document listed 262 shareholders who have agreed to sell their shares. Singapore Exchange Ltd (SGX) will sell 5.09 million shares, or a 4.7%
India: Yes Bank defers $1b share sale after stock plunges
Yes Bank Ltd on Thursday deferred its proposed $1 billion institutional private placement after its stock declined more than 5% following the fund-rai
India: RBL Bank IPO closes, subscribed 69.57 times
The three-day issue drew subscriptions that were 69.57 times the issue size—excluding the anchor allotment—registering the highest overall subscri
India: RBL Bank’s IPO subscribed 3.08 times on day 2
The Mumbai-headquartered private sector lender on Thursday raised Rs.363.88 crore by selling shares to anchor investors.
India: RBL Bank becomes first private lender in a decade to tap IPO, eyes $181m
The last private sector bank to launch an initial public offering (IPO) in India was Yes Bank Ltd, which raised Rs.315 crore in July 2005. In 2010, st
India: IPO boom being driven by need for exits, not growth capital
Only about a third went towards growth capital. This is the lowest in the last at least 10 years, barring 2013 when only about a quarter of money rais
