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State Bank of India is sharing its shares with the public using SBI Cards for Initial Public Offerings. The initial public offering of SBI Cards was lastly opened on March 2.

Earlier in July 2021, it filed draft papers with SEBI for Rs 1900 crore IPO.

Mumbai, January 04, 2024: Jyoti CNC Automation Limited (the “Company”), one of the world’s leading manufacturers of metal cutting computer numerical control (“CNC”) machines with the third largest market share in India in Fiscal 2023 and twelfth larg

Ola Electric filed its Draft Red Herring Paper (DRHP) on December 22 and plans to raise Rs 7,250 crore via IPO.

In 2023, some 57 Indian companies raised around Rs 49,000 crore through mainboard IPOs. And, 27 companies have already obtained the green light from the market regulator to float their public issues to raise around Rs 29,000 crore

ICICI Securities, Axis Capital, IIFL Securities and Emkay Global Financial Services are the book running managers to the issue.

The EV maker with a total IPO size of Rs 7,250 crore, will also utilise the some of the net proceeds of up to Rs 1,600 crore towards investment into Research and Development.

Those selling shares in the OFS include promoter Satish Mehta and investor BC Investments IV Ltd, an affiliate of US-based private equity major Bain Capital.

Muthoot Microfin Limited has set the Price Band of the Offer at Rs 277 to Rs 291 per Equity Share with face value of Rs 10.

In 2023, 54 IPOs emerged, marking the largest influx in two years, raising approximately Rs 49,000 crore.