Free Press Journal
  • ARCs may tap capital market to raise funds

    Mumbai : Last year was foreseen as the year for insurance companies, which was true in many ways. Many insurance companies like ICICI Lombard, SBI Life, New India and HDFC Life tapped the primary market to raise funds. But in the coming years, Asset Reconstruction Companies (ARCs) are likely to steal the limelight.

  • IPO gains lift SBI net manifold to `1,840 cr

    Mumbai : State Bank on Friday reported a group net of Rs 1,840.43 crore for September quarter, boosted by the gains from the public offer in its life insurance arm and a very low base when it had a paltry Rs 20.70 crore of profit. Since the nation’s largest lender had merged its five associate banks and Bharatiya Mahila Bank from April this year, the numbers are not comparable. However, on consolidated

  • New India Assurance Rs10K cr IPO in Nov

    Mumbai : New India Assurance (NIA), the largest general insurance company in the country, is set to hit the capital markets with around Rs 10,000 crore IPO in the first week of November. The offer comes soon after the Rs 11,370 crore IPO of GIC Re, which will be listed on October 25. It has already been oversubscribed by over 1.35 times. The street has seen a couple of more IPOs in

  • GIC Re IPO gets tepid response from investors

    Well, off late we marked insurance sector IPO entering the capital market. ICICI Lombard broke the ice this year and was followed by SBI Life. Both these IPOs got average response and fared poorly post listing raising question about success of GIC Re IPO. The reason was very simple, earlier two IPOs were having a size of Rs. 5700 crore and Rs. 8386 crore  where as GIC Re IPO is for Rs.

  • SBI Life IPO review

    SBI Life Insurance Co. Ltd. (SBI Life) is a life insurance arm of SBI group that is coming out with a public offer after 23 years. SBI Life India’s largest private life insurer, in terms of New Business Premium generated in each fiscal year, since Fiscal 2010. Between Fiscal 2015 and Fiscal 2017, SBI Life’s New Business Premium generated increased at a CAGR of 35.45%, which is the highest among the top

  • Fundraising via IPO rises 73% to Rs 12, 000 cr in H1, 20017

    New Delhi : In a blockbuster performance, over a dozen companies have raised more than Rs 12,000 crore through initial public offerings in the first half of the year, a surge of 73 per cent from the year-ago level.

  • Financial sector readies for IPO rush worth over Rs 20,000 cr

    New Delhi : The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.

  • SBI sells 3.9% in life arm to Temasek, KKR for `1,794 cr

    Mumbai : State Bank of India on Friday sold 3.9 per cent stake in SBI Life for Rs 1,794 crore to Singapore sovereign fund Temasek and global private equity major KKR, valuing the life insurance firm at Rs 46,000 crore ahead of its plans to go public within a couple of years.