The next week is set to be busy for Dalal Street with five IPOs, including both main board and SME, to hit primary markets. SBFC Finance’s IPO has a price band of INR54-INR57 per share, raising INR600 crore and issuing fresh equity of shares. Concord Biotech, backed by private equity firm Quadria Capital, will launch its IPO on 4 August and close on 8 August. In the SME market, Oriana Power, Vinsys IT Services India, and Yudiz Solutions offering IPOs.
RBI does dollar/rupee swap for $5 billion, injects liquidity
The Reserve Bank of India (RBI) conducted a dollar-rupee buy/sell swap for $5 billion on Friday, with the transaction to be reversed on August 4.