About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII) and the rest 10% for retail investors, who can bid for a minimum of 600 shares in one lot and in multiples thereafter.
Gold loan companies slip as RBI orders corrective measures for lapses
The issues highlighted by RBI include improper valuation, breaches of loan-to-value (LTV) ratios, and inadequate governance in partnerships with fintech entities, said Shrikant Chouhan, head