Five Star business finance raises 588 crore from anchor investors ahead of IPO Latest GMP – Business News India

Non-banking finance company Five Star Business Finance Limited’s IPO (IPO) will be launched on November 9. Before launching this IPO, the company has raised ₹588 crore from anchor investors. अब सावल है की यह IPO इस्टेवे का शुद्य का सुदेश होगा या जुना कारेगे. Ia gray market premium yani GMP के हिस्प से सम्ज लेटे हैन है

What is GMP: Five Star Business Finance’s shares are priced at a premium (GMP) of ₹11 in the gray market. At the same time, the issue price band has been set at ₹450 per share to ₹474 per share. If according to current GMP and upper price band, the listing is at the level of 485 rupees (₹474+₹11).

– Five Star Business Finance said that the IPO will be open until November 9-11. The company’s shares are expected to be listed on the major stock exchange BSE, NSE on Monday, 21 November, 2022.

-Yah IPO will be a full offering (OFS) in which existing shareholders and promoters will sell 1,960 crore rupees worth of shares.

-Smallcap World Fund, Fidelity Investments, Capital Research, Malabar Investments, Government Pension Fund Global, Abu Dhabi Investment Authority, Norges Bank, Carmignac Gestion, White Oak, Bay Capital, Seganti, SBI Life Insurance, HDFC Mutual Fund (MF), Baroda BNP MF, Edelweiss MF अवर मैरे MF अनकर अनकर विश्वर में से हैन.

Read this- मेंडी की आहत से कीय सहमा है IT सेक्टर? அக்க்கு पर दिध रहा सुबे जाई आसर

-ICICI Securities, Kotak Mahindra Capital Company, Edelweiss Financial Services and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead managers of this issue. Caffeine Technologies Limited IPO का रिजिस्तर है.

– This company provides business loans to small entrepreneurs and self-employed people. The company has a strong presence in South India.

Source link

Leave a Reply

Your email address will not be published.