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The offer will see fresh shares worth Rs 2,700m and a stake worth Rs 1,350m by exiting shareholder SAIF Partners India IV Limited. Proceeds from the IPO will be used for working capital and general corporate purposes. The bid deadline is 6 July, with shares being offered between Rs 301 and Rs 317 each.
The current listing time is T+6, with T being the day the issue closes for subscription , , securities and exchange board of india, sebi
This will ensure that issuers have faster access to the capital raised, thereby enhancing the ease of doing business, the market regulator said
The Securities and Exchange Board of India (SEBI) is introducing a supplementary process for trading based on blocked funds in investors' bank accounts.
India's Securities and Exchange Board introduced a supplementary process for trading in the secondary market based on blocked funds in an investor's bank account to block unauthorised trading using investor's money. Similar to the Application Supported by Blocked Amount-like facility available for the primary market, the new facility will be provided by integrating Reserve Bank of India-approved Unified Payments Interface mandate service of a single-block-and-multiple-debits with the secondary market trading and settlement process called UPI block facility. The new facility will become effecti...