RVNL had filed DRHP with Sebi on March 28 and obtained observations on May 17.

The aim of many IPOs in recent months has been to give early investors an option to exit.

Shares of the company will list on BSE and NSE, the firm said.

“The fact that all PSUs hit the market in the same month also affected (FIIs’) response for them,”

LIC has invested Rs 2,900 crore in Hindustan Aeronautics IPO, said a source.

Analysts said the weak market sentiment could have spoiled sentiment for the issue.

The QIB quota was subscribed 1.73 times, retail 0.38 times and NII at 0.3 times.

The Rs 4,200-crore IPO consists entirely of an offer for sale (OFS) of 10.2 per cent stake by the government.

HAL is the largest Defence Public Sector Undertaking in terms of value of production.

“Bandhan Bank can be a good wealth creator for whoever is patient enough to hold it long term.”

SBI Capital Markets, along with Axis Capital, is the book running lead manager to the offer.

The government is diluting 10.2 per cent of its stake in the company.

Other three firms are Future Supply Chain Solutions, Gandhar Oil Refinery (India) Ltd and Aster DM Healthcare.

The Union government had in 2012 approved the sale of a 10 per cent stake in HAL.

As part of its Rs 30,000-crore disinvestment target for this fiscal, the government plans to divest 10 per cent stake in Oil India, which c...

The six Indian banks that have also submitted bids are ICICI Securities, Enam, Kotak Bank, IDFC Securities, Edelweiss and IDBI Capital.

IPOs of Nuclear Power Corporation, Cotton Corporation of India, RINL, Ircon, Railtel and IRFC would hit the D-Street from October onwards. ...