NSDL, the larger of the country’s two depositories, is in the process of appointing investment bankers for the IPO.
The eight companies that have listed in 2020 have raised just $7.3 million
The promoters of BNHL are Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani.
Irdai feels a listing is better from a governance perspective, chairman S C Khuntia said.
The entire IPO would be an OFS, wherein existing shareholders would sell the bourse's shares.
According to market sources, the IPO size could be estimated at more than Rs 6,000 crore.
For at least 8 years now, analysts and investors have been waiting for an earnings recovery.
As of December 31, LIC held 189 stocks with market capitalisations less than Rs 10,000 crore.
India Inc has started citing the epidemic in their quarterly earnings of late.
State-run Indian miner NMDC topped the chart on an aggregate basis.
The stock has breached the most optimistic targets as soon as they were set.
Indians invested the most in gold ETFs in more than seven years in January.
“Various high-frequency indicators point toward bottoming out of the current demand slump.”
It has logged 85.47 per cent gain over last five years even as Sensex rose 156 per cent.
Analysts expect the flows into MFs to gather further momentum in the coming months.
"Govt sold their unsold items to LIC and now they are selling the owner to us” said Sharma.
The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 lakh crore for 2020-21.
The company will offer up to 13.05 crore equity shares via the offer for sale route, according to the draft red herring prospectors (DRHP).
Some of the shareholders who have decided to offer their shares in the offer for sales include NABARD, Punjab National Bank, Oman India Joint Venture Fund, Canara Bank and IFFCO.
SBI holds 76 per cent in SBI Cards and the rest is held by the Carlyle Group.
The press conference was seen as a bid to assure its employees amid reports of dissention.
The SME IPO was subscribed 2.25 times till Wednesday.
The company is the fourth firm to get listed on BSE Startup Platform.
The FPO was subscribed 62 per cent, as it received bids for around 11.25 crore shares.
The issue has received the most number of bids at a price of Rs 71-72.
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