RBL Bank's initial public offer (IPO), the first by a private bank in a decade, was oversubscribed a staggering 69.58 times, with the number of applications crossing 1 million on the last day of the IPO on Tuesday.
Kolhapur-based private sector lender RBL Bank, which was earlier known as Ratnakar Bank is hitting the primary markets with its Rs 1,200 crore initial public offer on Friday. RBL Bank's IPO is priced in a band of Rs 224-225 and can be subscribed in lot sizes of 65.The IPO will close on August 23 (Tuesday).
RBL Bank raised Rs 364 crore from anchor investors by selling shares at a price of Rs 225 apiece, a day ahead of its over Rs 1,200 crore IPO.
NYSE has had some high-profile tech IPOs the past years, including the world's largest in 2014 when Chinese e-commerce giant Alibaba Group Holding went public, and Japan's Line Corp and communications software provider Twilio Inc this year.
BSE Ltd, India's second-biggest exchange, plans to hire Axis, Edelweiss, Jefferies and Nomura as joint global coordinators for a $150 million initial public offering in India, IFR reported, citing two sources close to the transaction.
The lender will sell new shares in a price band of Rs 224 to Rs 225 per share to raise up to Rs 833 crore to boost its capital base, it said on Wednesday.
Shares of infrastructure firm Dilip Buildcon, which recently concluded its Rs 654-crore initial public offering, will make its stock market debut on Thursday.
Garments maker S P Apparels' initial public offering (IPO) witnessed 12 per cent subscription on the first day of the issue.
A day ahead of its IPO, garments maker S P Apparels on Monday raised nearly Rs 72 crore from anchor investors by selling shares at a price of Rs 268 apiece.