Ujjivan Small Finance Bank files DRHP for Rs 1,200 crore IPO
Sunday, August 18, 2019, 4:33 PM
USFB, which caters to the unbanked urban poor and young middle class customers, filed its DRHP with the SEBI for its proposed IPO. According to the DRHP, the company seeks to raise Rs 1200 crore, including reservation of equity shares of up to Rs 120 crore by eligible UFSL shareholders. The equity shares being offered are at a face value of Rs 10 each.
Sebi comes out with new rules governing changes in issue size
Friday, January 4, 2019, 8:39 PM
Markets regulator Sebi has come-out with new norms that entail filing of fresh offer documents in those cases where there has been a change in issue size. Under the new rules, filing of a fresh offer document is required in case of any increase or decrease in the estimated issue (new) size by more than 20%, Sebi said in a notification dated December 31.
In Tencent Music's IPO, a sign that pricing is coming down to Earth
Thursday, December 13, 2018, 8:10 AM
Let's call this one "Disaster averted." Tencent Music. the China-based streaming app, priced its IPO at the NYSE at $13, the low end of the range, opened on Wednesday at $14.10 and pretty much stayed there all day, closing at $14. It was supposed to come in October, but the company postponed it, citing the global market selloff at that time.