IPOs & Markets
Stock buybacks may fall out of favour due to the levy of 20 per cent tax on them.
Polycab is a leading player in wire and cable with 18% share of the organised market.
The ₹1,204-crore ($173.8 million) IPO, with a price band of ₹877-880, was subscribed 5.84 times during the share sale, from 3-5 April.
The central bank, in consultation with Sebi, has proposed a special route called voluntary retention route (VRR) to encourage FPIs willing to make lon
TA Associates intended to sell 11.27% stake that aimed to fetch Rs 495 crore at the upper end of the price band. TA Associates holds 40.6% in TCNS Clo
IPO pipeline looks robust for the year, but the fundraising for capital expansion may take time.
RITES shares opened at Rs 190, up 2.7% from its issue price of Rs 185, after the IPO was subscribed nearly 67 times.
IPO issuers will now be allowed to announce the price bands two days before the issue opens for subscription, instead of the previous five days, the n
Lemon Tree Hotels had set a price band of Rs54-56 per share for its IPO. It had raised Rs311 crore from anchor investors.
ICICI Securities cut the size of its IPO to around Rs3,520 crore after it witnessed low subscription during the share sale in 22-26 March.
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