Mohandas Pai expects food delivery platforms Swiggy and Zomato, as well as PhonePe and Myntra to list in local markets in next few years

It has set a price band of Rs 177-178 per equity share for the IPO

The equity shares of the company will be listed on the BSE and the NSE.

Price band of the offer has been fixed at Rs 177-178

The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore

Early Karuna holders saw more than 420 per cent returns since the June IPO at $16 a share

The shares of the company are proposed to be listed on the BSE and NSE

The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares

The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 trillion for 2020-21

Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones

The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale

SBI Cards is the second-largest credit card issuer in India, with an 18.1 per cent market share of the market as of November 2019

Market sources said the IPO size will be worth Rs 700 crore

The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. The IPO, opening on March 2 and closing on 4, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares. Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively. SBI holds 74 per cent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 per cent and 10 per cent respectively, SBI Managing Director Dinesh Khara told reporters kicking of the IPO roadshow. SBI Card's market share in terms of the number of credit cards outstanding is 18 per cent. The pure-play credit card company's gross NPA stood at 2.47 per cent in December 2019 compared to 2.44 per cent in March 2019 and 2.83 per cent in March 2018, he said. SBI Card managing director and

At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fourth-largest domestically

Normally, IPOs are open for subscription for three days but SBI Cards IPO will run for four days. The first three days, i.e. from March 2 to March 4, the issue will be open for all bidders

No multi-bagger like IRCTC, but can deliver 50% listing gains, says Ambareesh Baliga, an independent market expert

Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.

The price band for the IPO is Rs 295 to Rs 300 per share. At the IPO price, the firm is valued at Rs 800 crore

The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.

The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares

JM Financial, Edelweiss Financial Services and IIFL Securities are managing the offer

The company will offer fresh shares worth Rs 35 crore and will offer 57 lakh equity shares under Offer For Sale (OFS) category for reduction of the aggregate consolidated outstanding borrowings.

At the top-end, the stock is valued at 46x its earnings for the first nine months of 2019-20.

Antony Waste IPO comprises of Rs 35 crore of fresh fund raising and Rs 171 crore of secondary share sale

The SBI Cards IPO is one of the largest share sale in recent times, both in terms of size and oversubscription

SEBI issued the final observations to the lenders proposal on March 20, 2020.

For a third year in a row, exits accounted for over 80% of total proceeds

It also states that if a resolution is arrived, the same shall be communicated to the assessee, who shall communicate his acceptance or non-acceptance within 30 days

The bank's board of directors has approved a loan to India to strengthen the preparedness of the country's national health system

Moody's rating on the government of India is Baa2 with negative outlook

Stung by the comments made by the global chief, market regulator on Thursday issued a press release defending the new rules it introduced in October last year

The Nafed-Alimenta judgment shows it might perhaps be time for Parliament to intervene and clarify the notion of public policy in the context of foreign arbitral awards

Fed funds futures, which are a gauge of where markets expect the Fed's benchmark overnight lending rate to be, are now pricing in a slightly negative rate environment beginning in December

Analysts at Goldman Sachs expect the Indian economy to contract 0.4 per cent in FY21 versus consensus median 2.7 per cent

Micro units in the state have not been able to resume operations to catch up with their larger peers

The chief minister asked the industry ministry to "aggressively" pursue the development of the four industrial parks already announced by the state government in the budget for this fiscal.

The rapid and widening spread of the Covid-19, deteriorating global economic outlook, falling oil prices, and financial market turmoil are creating a severe and extensive economic and financial shock

Major forex earning sectors cite lack of labour, funds and key supplies

The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.

NGT bench set up fact-finding committee, to be headed by former AP High Court judge

The state government also offered land and infrastructure for companies and projects that were looking to shift base from China to other destinations

Move comes after a group of IRS created panic and tax policy uncertainty

Congress wants lockdown lifted across country on May 18, save hotspots; Gandhi urges Centre to make citizens 'psychologically' prepared to for lockdown exit

Sources say the Centre has asked RBI to do whatever to keep yields in check, which may result in massive secondary market bond purchases

The project developer will have the option of building a hybrid plant with wind and hydro power or have energy storage systems

The opening of shops in districts, except Chennai on May 7, has resulted in people thronging the outlets without maintaining social distancing norms

There were apprehensions that this extended stay could lead to these individuals becoming Indian residents as per Section 6 of the Income Tax Act

The Confederation of Indian Industry (CII) suggested to the Labour Ministry to "direct workers to join back to their workplace" by issuing a circular

The data released by Nielsen and the Broadcast Audience Research Council (BARC) shows that internet usage has grown sharply in cities over the last one month, touching 54 per cent