ICICI Prudential Asset Management Company is managing the launch of Bharat 22 ETF which is being offered at 2.5% discount to all the investor categories.

Of these three dozen firms, most of these companies plan to utilise initial public offer (IPO) proceeds for business expansion as well as working capital requirements, as per the draft papers filed with the Securities and Exchange Board of India.

The primary market emerged as a money spinner for investors in 2017-18, with 65 per cent of the newly listed companies trading well above their issue prices, giving returns of up to three times.

India's biggest distressed asset investor, Rashesh Shah of Edelweiss Group, has accumulated the largest pile of bad loans - over Rs 90,000 crore. Will his gambit succeed?

RBI has raised a major concern about the financial health of IDBI Bank; ICICI Bank has confirmed that Chanda Kochhar was part of the Credit Committee that granted the loan of Rs 3,250 crore to Videocon Group and fund-raising via IPOs has hit an all-time high of Rs 80,500 crore in 2017-18, double the amount raised in last fiscal. BusinessToday.In Editor Rajeev Dubey elaborates on The Good, The Bad and The Ugly.

Banking stocks led the recovery on Dalal Street. The BSE bankex, which was a major loser last week, rose 608 points or 2.30% to 27121 level. Other major gainers among BSE sectoral indexes were consumer durables 485 points or 2.24% and auto sector 344 points or 1.45%.

Qualified institutional buyers (QIBs) portion was subscribed 54 per cent, non institutional investors 5 per cent and retail investors 39 per cent.The IPO is of 77,249,508 shares (including anchor portion of 33,024,165 shares). The issue of the brokerage firm, part of ICICI group, which will close on March 26, is in a price band of Rs 519-520.

The category set aside for qualified institutional buyers (QIBs) was subscribed 49 per cent, non-institutional investors 4 per cent and retail investors 22 per cent.

PE players have become extremely active of late. The exuberance is here to stay for some time.

The offer will be open for anchor investors on March 21. The IPO includes sale of 7.7 crore shares or 24% in the investment banking arm of private sector lender. 

Bankbazaar is a successful aggregator of retail loan, investment and insurance products. But scaling up will be a challenge.

Steps that government, regulators and banks need to take to make the banking system more competitive, efficient and less fraud-prone.

While a record number of firms made their IPO debut in 2017, many key players plan to enter the primary market this year and raise funds for their expansion and growth. We look at some of these firms which are gearing up with their IPOs in 2018.

Around 15.41 crore shares of the ETF changed hands on the NSE with the fund clocking trade worth Rs 57,393 lakh till 10: 24 am. On the BSE, the open-ended exchange traded fund got listed at 36.30 per unit, a 0.91 per cent premium over its issue price of Rs 35.97 per unit.

The fund was launched for anchor investors on November 14, and the portion reserved for them was subscribed six times amounting to Rs 12,000 crore.

The 8,000 crore Bharat22 Electronic Traded Fund was subscribed four times, seeing bids of nearly Rs32,000 crore coming in, with foreign institutional investors (FIIs) bidding forone-third of the money.

The ETF saw bids of nearly Rs 32,000 crore coming in, with FIIs bidding for one-third of the money.

A lower close on Wednesday would mark the longest losing streak for the indexes after a seven-day fall that ended on December 22, 2016.