The Rs 3,000 crore initial public offering (IPO) of PNB Housing Finance was subscribed 0.2 times on the first day of the three day offering as 55.6 lakh bids were received against 2.8 crore shares on offer.
The Rs 3,000 crore initial public offer (IPO) of PNB Housing Finance opens on Tuesday in a price band of Rs 750 - 775. The company intends to utilise the IPO proceeds to augment its capital base in order to meet there future capital requirements.
Snap Inc - the parent company of popular photo-sharing messaging service Snapchat - is considering an initial public offering (IPO) that can value the company at $25 billion or more, media reported on Friday.
Mexico's Jose Cuervo, the world's biggest tequila producer, has delayed its planned initial public offering and will wait until after the US presidential election before going ahead, three people familiar with the matter said on Wednesday.
Rising share markets are giving an opportunity for private equity players to exit their holdings. Another IPO is hitting the market with the sole purpose of giving the private equity investor and the promoter a chance to exit.
Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the US bank to cut back jobs in the region.
Endurance Technologies, an Indian auto parts maker, has set a price band of 467-472 rupees a share for its initial public offering of shares next week that could raise as much as 11.61 billion rupees ($175 million), the company said on Wednesday.
Market regulator Securities and Exchange Board of India may soon reduce the timeline for initial public offerings (IPOs) and follow-on public offers (FPOs) of equity to four days from existing six days.