ICICI

The Indian government has sent out a second request for proposals for bids from banks to run Cochin Shipyard’s IPO, after a disagreement on fees following the first attempt.

India’s Ujjivan Financial Services has bagged Rp8.8bn ($132.3m) after pricing its listing at the top of its marketing range, in line with the level where investors placed the bulk of their orders.

HDFC Standard Life Insurance Co (HDFC Life) has mandated four houses to run its IPO, which will be India’s first listing by an insurance company.

Vodafone has mandated six banks for the IPO of its Indian arm, which could raise up to $2.5bn, according to sources close to the situation.

India’s Ujjivan Financial Services is planning to price its Rp8.8bn ($132.7m) float at the top of the range after investors across the board placed their orders at that level, according to a source close to the deal.

Investors have covered 20% of Ujjivan Financial Services’ Rp8.8bn ($132.3m) Indian IPO by the second day of bookbuilding.

Telecommunication giant Vodafone has invited banks to pitch for the IPO of its Indian arm, which could raise up to $2.5bn. It is likely to name the line up as soon as early May, sources with knowledge of the situation told GlobalCapital Asia.

Indian micro-finance lender Ujjivan Financial Services has set the price range for its potential Rp8.8bn ($132.3m) float, which will launch on April 28.

Indian lender Ujjivan Financial Services has decided to kick off bookbuilding for its Rp15bn ($225.5m) IPO at the end of April, according to a source close to the deal.

India’s Larsen & Toubro refiled a draft prospectus for the listing of its information technology (IT) services arm on Tuesday, this time eyeing a smaller deal worth about Rp13bn ($196m).

Small finance bank (SFB) Equitas Holdings made a splash in India this week, pricing the country’s largest, and one of the most popular, IPOs of the year at the top of guidance. The Rp22.5bn ($337.4m) listing is the first from an SFB in the country and its success came despite foreign investors playing no role in the transaction.

PNB Housing Finance has made changes to the bank group leading its $400m Indian IPO, bringing in Bank of America Merrill Lynch to replace Barclays as a lead manager, according to a source close to the trade.