SBI Funds Management is set to raise ₹2,000 crore in a pre-IPO round, marking a significant milestone in the company’s growth trajectory. The fund house has a strong market presence, with a market share of around 15.5% and a quarterly average assets under management of about ₹12.5 lakh crore as of December.
Laser Power & Infra Ltd’s IPO opens today at a price band of ₹203-214. The company plans to raise ₹742 crore, with a portion earmarked for general corporate purposes. Learn more about the IPO, its key takeaways, and the company’s growth trajectory.
State Bank of India (SBI) has sold a 1.42% stake in its asset management arm, SBI Funds Management Ltd (SBIFM), to 30 investors for ₹1,655 crore ahead of its ₹11,600 crore IPO. The sale is part of the pre-IPO placement and the IPO is set to open on July 14.
Waterways Leisure Tourism, India’s leading domestic ocean cruise operator, is set to launch its IPO with a price band of Rs 769-808 per share. The company aims to raise Rs 585 crore to expand its fleet.
Reliance Jio’s highly anticipated IPO filing is set to spark a surge in the Indian stock market, with a proposed listing expected to be the largest in Indian history. Jio’s enterprise value is pegged at Rs 5.62 trillion, with a 5G user base of 268 million.
NSE, India’s largest stock exchange, is set to list on the Bombay Stock Exchange (BSE) after nearly a decade of awaiting regulatory approvals. The proposed IPO will raise around ₹30,000 crore, making it one of the largest IPOs in India’s capital market history.
CMR Green Tech’s impressive listing highlights positive market sentiment, but investors should exercise caution after the strong debut. Learn about the company’s growth drivers and recommended investment strategy.
Carlsberg A/S is reportedly gearing up to file draft papers for an initial public offering (IPO) of its India unit, potentially raising up to $700 million. The proposed share sale is expected to consist of a secondary share sale and could take place later this year.
CMR Green Technologies, a leading player in the non-ferrous metal recycling industry, has received a strong response from investors with its ₹630.62 crore IPO being subscribed 123 times. The issue has seen high subscription rates from qualified institutional buyers, non-institutional investors, and retail investors.
CMR Green Technologies, a leading player in the domestic aluminium recycling industry, has received a strong response from investors ahead of the close of its ₹630.62 crore IPO. The issue has been subscribed 123.11 times as of 3.39 pm.
