Five issues eye to raise about Rs 31,000 crore.
On the upper end of the price band, the issue is valued at a P/B (Price to book value) of 31.89x based on FY21 book value
Nykaa offer alone may see bids worth anything between Rs 80,000 -Rs 90,000 crore in the HNI category, says a report
Fino Payments Bank IPO: The price band for the payments bank has been fixed at Rs 560-577 a share having a face value of Rs 10 a share.
The IPO includes a fresh issue of equity shares worth Rs 300 crore and an offer-for-sale of 15,602,999 equity shares by promoter Fino Paytech
Payment banks are offering interest rates as high as 7.5%. Also, most of the payment banks have the facility of zero balance account.