IPO There is good news for investors investing in. Vehicle and business lending NBFC SK Finance has filed preliminary documents with SEBI to raise Rs 2,200 crore through an initial public offering (IPO). According to documents filed on Wednesday, new shares worth Rs 500 crore will be issued in the IPO. Apart from this, an offer for sale (OFS) worth Rs 1,700 crore will also be brought by the promoters and investor shareholders. Non-Banking Finance Company (NBFC) provides loans to two segments – automobile and micro, small and medium enterprises (MSME). As of December, 2023, it had 535 branches in 11 states and one union territory.
TBO Tech will bring IPO worth Rs 1,000 crore
Travel distribution firm TBO Tech Ltd is planning to raise Rs 1,000 crore through an initial public offering (IPO). According to the IPO document, it will open from May 8 to May 10. Anchor (big) investors will be able to bid on May 7. The company’s maiden public offering comprises fresh shares worth up to Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares by promoters and investors. TBO Tech is a leading travel delivery platform in the global travel and tourism industry. It was serving buyers and suppliers in more than 100 countries as of June 30, 2023.
Price band of Aadhar Housing Finance fixed
Private equity firm Blackstone-backed Aadhar Housing Finance Ltd has set the price band at Rs 300-315 per share for its Rs 3,000 crore initial public offering (IPO). The company said in the statement that its IPO will open on May 8 and close on May 10. Under the IPO, new shares worth Rs 1,000 crore will be issued and an offer for sale (OFS) worth Rs 2,000 crore will be made by BCP Topco 7 Pvt Ltd, a subsidiary of Blackstone Group Inc. At present, BCP Topco holds 98.72 percent stake in Aadhar Housing and ICICI Bank has 1.18 percent stake.
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