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Fino Payments Bank sets IPO price band at ₹560-577 a share
Fino Payments Bank Ltd has set the price band for its initial public offering (IPO) at ₹560-577 a share. The issue will open for subscription on 29 October and close on 2 November.
Upcoming IPOs in India 2021
Sterlite Power DRHP has been filed with SEBI for an IPO of Rs. 1250 crores. It is a power transmission company having 25 projects running, spanning over 13000 circuit km.
Godawari Power And Ispat Ltd increases stake in Hira Ferro Alloys Ltd to 52.79%
The GPIL has subscribed to the Preferential Offer made by Hira Ferro Alloys Limited (HFAL) for the second tranche of 9,00,000 equity shares at a price of Rs. 195/-per share.
Subsequent to allotment of these 9,00,000 equity shares of HFAL, the GPIL's holding in HFAL has been increased from 50.72% to 52.79% in the enhanced capital of HFAL w.e.f 22nd October, 2021.
Paytm gets SEBI's nod for Rs 16,600 crore IPO
One97 Communications, the parent company of fintech platform Paytm, has received the nod from SEBI for its Rs 16,600 crore IPO. From Rs 16,600 crore, Rs 8,300 crore will be primary share sale and Rs 8,300 crore will be an offer for sale (OFS), where existing investors can sell their shares.
Company filed its draft in July and is planning for a mid-November listing.
Reliance Retail Q2 Results.
Reliance Retail, the retail arm of oil-to-telecom behemoth Reliance Industries, posted an 18% increase in its revenue at Rs 45,426 crore for the quarter ended September 2021 as compared to Rs 38,547 crore logged in the previous quarter.
EBITDA jumped 50% to Rs 2,913 crore from Rs 1,941 crore in the previous quarter. On a YOY basis, it increased by 45% from Rs 2,006 crore. The cash profit for the company came in 62.9% higher on a YOY basis at Rs 2,293 crore while the net profit jumped 74% to Rs 1,695 crore compared to Rs 973 crore in the previous year.