It was an eventful week with markets struggling to remain in positive territory at the end of four days. On Friday, they were hammered o64.n geo political tensions and closed with their biggest losses for the calendar year 2017. The BSESENSEX lost 350.17 points or 1.09% to close at 31,922.44 points. NIFTY lost 121 points […]

SBI Life Insurance Company Limited which had tapped the markets with its offer for sale of 12 cr shares was subscribed. The price band was Rs 685-700. The company had an excellent anchor book where it had allotted 3.18 lakh shares to 69 anchor investors comprising of 104 entities. Mutual funds were allotted 40% of […]

The offer for sale of 8.62 cr shares in ICICI Lombard General Insurance Company Limited was subscribed but not without hiccups. The non-institutional response was tepid and remained undersubscribed. Earlier ICICI Lombard allotted 2,45,80,447 shares to 64 anchor investors comprising of 94 entities. The largest application has been made to Nomura of 18.15 lakh shares […]