Fate of Tamilnad Mercantile Bank IPO to be decided by SAT
2 years, 4 months ago

Fate of Tamilnad Mercantile Bank IPO to be decided by SAT

Live Mint  

The fate of Tuticorin-headquartered Tamilnad Mercantile Bank Ltd’s upcoming initial public offering is in the hands of Securities Appellate Tribunal as minority shareholders of the bank have approached the tribunal against the public offer. Three shareholders, Robert and Ardis James Co, East River Holdings Ltd, and Swiss Re Investors Ltd are seeking a stay on the public offer. “As shareholders they are concerned about how the IPO approval process was rushed despite there being legal concerns and overhang on the bank’s shares,” said a lawyer with direct knowledge of the matter. However, senior counsel Janak Dwarkadas, appearing on behalf of shareholders sought an urgent hearing since the public offer opens on 5 September.

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Upcoming IPO: Shree Tirupati Balajee Offer Open For Bidding From Sep 5, Check Price Band And Details
4 months ago

Upcoming IPO: Shree Tirupati Balajee Offer Open For Bidding From Sep 5, Check Price Band And Details

ABP News  

Shree Tirupati Balajee Agro Company is set to list its initial public offering in the stock market next week. The maiden offering includes a fresh issue of 1.47 crore equity shares worth Rs 122.42 crore and an offer-for-sale of 56.9 lakh equity shares coming up to Ts 47.23 crore. The company plans to raise Rs 169.65 crore via the public …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

Tamilnad Bank Listing on BSE, NSE Today: Time, Listing Price, Key Details
2 years, 3 months ago

Tamilnad Bank Listing on BSE, NSE Today: Time, Listing Price, Key Details

News 18  

Tamilnad Mercantile Bank IPO Listing Today: Tamilnad Mercantile Bank is witnessing the listing of its shares on India’s stock exchanges on Thursday. Here’re details about its listing: Tamilnad Mercantile Bank IPO’s Listing Timing Both exchanges NSE and BSE are regularly open for buying or selling shares between 9.15 am to 3.30 pm. Tamilnad Mercantile Bank IPO’s Listing Price Going by …

Tamilnad Mercantile Bank IPO: Latest GMP ahead of share allotment
2 years, 4 months ago

Tamilnad Mercantile Bank IPO: Latest GMP ahead of share allotment

Live Mint  

The three-day initial public offer of Tamilnad Mercantile Bank got subscribed 2.86 times on the last day of subscription that closed on Wednesday. The finalization of basis of share allotment of Tamilnad Mercantile Bank IPO is expected to take place next week on Monday, September 12, 2022 and if allotted, then the credit of shares to demat account of bidders …

Why SAT greenlit Tamilnad Mercantile Bank’s IPO
2 years, 4 months ago

Why SAT greenlit Tamilnad Mercantile Bank’s IPO

Live Mint  

Mumbai: The initial public offer of Tamilnad Mercantile Bank received 83% subscription on the first day of opening on Monday. In its 16-page order, which became public on Thursday, SAT gave three grounds to dismiss the appeals filed by the investors of Tamilnad Mercantile Bank. Two: An exemption from filing a fresh draft red herring prospectus does not infringe on …

Tamilnad Mercantile Bank IPO: Check GMP, share allotment, listing date details
2 years, 4 months ago

Tamilnad Mercantile Bank IPO: Check GMP, share allotment, listing date details

Live Mint  

The three-day initial public offer of Tamilnad Mercantile Bank got subscribed 2.86 times on the last day of subscription that closed on Wednesday. Tamilnad Mercantile Bank IPO is a fresh issue of 1.58 crore equity shares. As per market observers, Tamilnad Mercantile Bank shares are available at a premium of ₹20 in the grey market today. The finalization of basis …

Paytm IPO: Offer price fixed at ₹2,150 apiece
3 years, 1 month ago

Paytm IPO: Offer price fixed at ₹2,150 apiece

The Hindu  

Digital payments and financial services firm Paytm has fixed an offer price of ₹2,150 apiece for its initial share-sale. With the ₹18,300-crore share sale via Initial Public Offering, Paytm IPO has become the largest fintech IPO in the Asia Pacific region. According to the prospectus, Paytm will be paying its BRLMs ₹323.9 crore, which is about 1.8% of the total …

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