FEDBANK FINANCIAL IPO
Blackrock buys 1.56% stake in Tata Communications, 1.17% in Polycab
Blackrock Global Funds-India Fund bought 44.62 lakh equity shares in Tata Communications and over 17.49 lakh shares in Polycab. Further, BNP Paribas Arbitrage net sold 59.87 lakh shares in the telecommunications company at an average price of Rs 1,704.1 per share, which amounted to Rs 1,020.36 crore.
Amid a string of solid IPO debuts, Fedbank Financial disappoints. What should investors do?
The IPO was the least subscribed among all the issues last week. The NBFC has marked a steady growth in its top and bottom lines over the last three years and has an edge over its peers by having access to capital from its promoter, Federal Bank.
Fedbank Financial stock lists at 2% discount over issue price
Fedbank Financial is one among five private bank-promoted NBFCs in India, focusing on catering to the MSMEs and the emerging self-employed individuals sector. It is the fastest growing gold loan NBFC in India among its peers and has the second lowest cost of borrowing among the MSMEs, gold loan peer set in India in FY23.
3 IPOs to list today. Will Tata Technologies outshine all the others?
According to the latest GMP trend, Tata Technologies is trading with a premium of Rs 406, which indicates a listing gain of over 80%. Analysts are also quite optimistic that the company will deliver solid debut gains to investors on debut. The Rs 3,042-cr IPO of Tata Technologies received bids worth over Rs 1.5 lakh crore. The overall subscription was nearly 70 times the shares on offer.
Fedbank Financial IPO share allotment to be finalised today. Here's how you can check status
The company's shares are expected to get listed on the exchanges on November 30. According to market sources, Fedbank Financial is commanding a premium of Rs 0 in the unlisted market. Considering the upper price band of Rs 140, the stock is expected to make a flattish.
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Fedbank Financial Services IPO sails through on Day 3 on institutional push
Fedbank Financial is one among five private bank promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector.
IREDA's Rs 2,150-crore issue subscribed 38.8 times
Flair Writing Industries was subscribed over 6 times. Fedbank Financial Services' IPO, which was launched Wednesday, was subscribed 0.90 times.
Fedbank Financial IPO subscribed 90%; Flair Writing issue booked nearly 5.4x on Day 2
Fedbank Financial is one among five private bank-promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector.
Tata Technologies vs 4 other IPOs: Which is the best bet if you have to pick one?
Analysts seem to be veering towards Tata Tech IPO as they believe it is a must apply not only based on the grey market trends for listing gains, but also for its long-term prospects due to Tata's lineage and healthy financials.
IPO Tracker: 4 out of 5 issues fully subscribed; Fedbank Financial lags
The IPO of IREDA was booked 3.41 times so far on the second day of the bidding process, led by strong interest from non-institutional investors, whose category was subscribed 5.73 times. IREDA shares are commanding a premium of Rs 10 in the unlisted market against an offer price of Rs 31.
Gandhar Oil, Flair Writing & Fedbank Financial IPOs kick off. Should you bid for them?
The IPO of Gandhar Oil comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore. Under the OFS, promoter-selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders – Green Desert Real Estate, and Fleet Line Shipping among others will offload shares.
Fedfina raises Rs 324 crore from 22 anchors
Key anchor investors include HDFC Mutual Fund, HDFC Life Insurance, SBI Life Insurance, Nippon Life India, Kotak Mahindra Life Insurance, Tata AIA Life Insurance, Bajaj Allianz Life Insurance, Societe Generale, Goldman Sachs (Singapore), among others.
Fedbank Financial offers exposure to the fast growing MSME lending business
True North Fund, a private equity firm and the selling investor, will reduce its stake to 14.4% from 25.4%. The lender focuses on rapidly growing segments of micro, small and medium enterprises (MSME), self employed individuals and gold loans.
How shares of Gandhar Oil, Flair Writing and Fedbank Financial stacked up in the grey market?
In the grey market, Flair Writing is fetching a premium of Rs 60 ahead of the issue opening. This compares with the upper price band of Rs 304. The IPO comprises fresh issue of Rs 292 crore and an OFS of Rs 301 crore. Under the OFS segment, Khubilal Jugraj Rathod will offload shares worth Rs 76 crore, Vimalchand Jugraj Rathod will sell up to Rs 57 crore. Other selling shareholders include Nirmala Khubilal Rathod, Manjula Vimalchand Rathod.
Fedbank Financial IPO to open on Wednesday. Here are 10 things to know about the offer
Fedbank Financial is among the five private bank-promoted NBFCs in India. It focuses on catering to the MSMEs and the emerging self-employed individuals sector.
IPOs with high demand from staff show big listing gains
This is because half of the companies that reserve portions for employees in their IPOs are not able to get the portion fully subscribed. Hence, when the employees over-subscribe to an issue, it indicates high confidence in the prospects of the business.
Tata Tech, Flair Writing among five companies that are set to launch IPOs worth over Rs 7,000 crore this week
The flood of IPOs in this short period is unlikely to hurt liquidity in the main markets, said bankers. "The money from one issue may not be available for the other; but except for that, the broader market may not see any effect," said Satyen Shah, president, Nuvama Investment Banking and Fixed Income.
Flurry of IPOs; 5 cos gear up to raise Rs 7,300 cr next week
The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively.
Primary market on a roll next week as Rs 7,300 crore worth IPOs on sale!
The biggest among the five is Tata Technologies Ltd, which plans to raise Rs 3,040 crore through an initial public offering of shares. The second on the list is Mini Ratna company Indian Renewable Energy Development Agency Ltd, and the government is looking at raising Rs 2,150 crore through this public offer.
Fedbank Financial Services IPO: Federal Bank arm sets price band at Rs 133-140/share
Fedbank Financial Services IPO consists fresh equity issue worth Rs 600 crore along with an offer for sale (OFS) comprising 35,161,723 equity shares. Under the OFS, 1.64 crore equity shares will be offloaded by Federal Bank and 5.38 crore shares by True North Fund VI LLP.
Sebi nod for IPOs of Fedbank Financial, Epack Durables & Suraj Estate Developers
The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.
Federal Bank's arm Fedfina, IREDA get nod from Sebi to float IPOs
Going by the draft papers, the IPO of Fedbank Financial Services Ltd (Fedfina) consists of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of 7.03 crore equity shares by promoter Federal Bank and existing shareholder True North Fund VI LLP.
Fedbank Financial Services files IPO prospectus with Sebi
The IPO comprises a fresh issue of up to ₹750 crore and an offer for sale aggregating up to 70.3 million shares by promoters and other shareholders. Fedbank Financial focuses on catering to the MSMEs and the emerging self-employed individual sector.
Federal Bank arm Fedbank Financial refiles draft papers with SEBI for IPO
The IPO comprises a fresh issue of Rs 750 crore and an offer for sale (OFS) aggregating up to 7.03 crore equity shares by the promoter and other selling shareholders.
Fedbank Financial, Dreamfolks, Archean Chemical get Sebi's nod to float IPOs
These companies, which filed their preliminary IPO papers with Sebi in January and February, obtained observation letter from the regulator during May 9-13, an update with the the capital markets watchdog showed on Tuesday.
Federal Bank subsidiary FedFina gets board approval for IPO
The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by way of fresh issue and offer for sale, Federal Bank said in a regulatory filing.
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