Bank of Baroda promoted IndiaFirst Life Insursnce Company has received final observation from SEBI to raise funds through IPO. Thr public issue consists of a fresh equity shares and offer for sale by promoter company and selling shareholders. The company has recorded its highest five year growth in terms of New Business Individual Rated Premium amongst Life insurers with PSU Bank percentage. The equity shares are proposed to be listed on BSE and NSE.
143. ipo share| Link| Bookmark|
March 21, 2023 6:22:12 PM
IPO Guru (1500+ Posts, 700+ Likes)
60% retail quota is a big negative for this IPO. This will bring selling pressure on listing.