DSIJ Mindshare

Delhi based hotel chain company Lemon Tree is set to launch its initial public offer worth Rs. 1,000 crore on March 26, 2018 for subscription. 

M&M had surged 1.1 per cent in Monday’s trade before it closed flat. The stock thereby attempted a second Range breakout in a row near 740 levels. Media cued about the completion of a strategic alliance between M&M and Ford Motor Co.

All the fall and volatility in the stock market in the month of February 2018 has not dented the faith of mutual fund investors and equity AUM as a percentage of India’s Market Cap is at 5.3%, all-time high.

Last year witnessed beginning of the trend of banks listing their different business arms, providing special business focus and raising funds to independently cater to their growth. We saw a wave of insurance companies being listed from both private and public sectors. The next in the line is ICICI Securities, which will get its own identity and and independent status from its parent ICICI Bank.

The IPO of Bandhan Bank Limited received an overwhelming response from both retail and institutional investor community. The bank's Rs. 4,500 crore IPO was subscribed 518 per cent at 15:00 hours on its closing day.