State Bank of India raised ₹5,000 crore through AT-1 bonds at a 7.98% interest rate, marking its first bond issuance this financial year. The bonds, rated AA+, drew bids that were more than 3.5 times the initial amount.
Afcons Infrastructure has set its IPO price band at ₹440-463 per share, opening from October 25 to 29. The IPO size has been reduced to ₹5,430 crore, with a focus on debt repayment and capital expenditures, amid a recent credit rating downgrade. The company has a strong order pipeline, including major projects like the Mumbai-Ahmedabad bullet train tunnel.
Hyundai Motor India is kicking off its massive ₹27,870-crore IPO today, making it the biggest in India’s primary market history. The offer includes 14.22 crore shares priced between ₹1,865 and ₹1,960. With significant backing from global firms and local funds, the buzz around Hyundai's future in India is strong.