Manappuram Finance shares up 5% as Asirvad Microfinance IPO gets Sebi nod
IPO watch: Asirvad Microfinance is a non-banking finance company, microfinance institution (MFI) that offers microfinance loans to low-income women.
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IPO watch: Asirvad Microfinance is a non-banking finance company, microfinance institution (MFI) that offers microfinance loans to low-income women.
The equity shares of these four companies are proposed to be listed on bourses –BSE and NSE.
Happy Forgings and Credo Brands IPO secured a robust subscription, while RBZ Jewellers' also attracted a decent response.
The company has allocated 97,93,812 shares to 26 anchor investors. These include foreign portfolio investors like Morgan Stanley, Societe Generale, Copthall Mauritius Investment.
In Sebi’s parlance, obtaining observation letters means its go-ahead to launch the IPO.