Manappuram Finance shares surged 5.4% to a 52-week high of Rs 207.30 following news of subsidiary Asirvad Micro Finance receiving Sebi approval for an IPO. The IPO, filed last October, will follow a book-building process with allocation to various investor categories.
Asirvad Micro Finance IPO | The proposed initial public offering is only a fresh issue of equity shares of up to Rs 1,500 crore with no offer for sale (OFS) component.
Manappuram Finance s Arm Asirvad Micro Gets SEBI s Approval To Float IPO freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.