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SBI Life IPO subscribed 9% on Day 1

The initial share sale offer of SBI Life Insurance Company was subscribed 9% on the first day of the three-day bidding on Wednesday, stock exchanges data showed. The Rs 8,400 crore initial public offer (IPO) received bids for 83,67,555 shares against the total issue size of 8,82,00,000 shares, data available with the NSE showed. The category reserved for qualified institutional buyers (QIBs) was subscribed 6%, non-institutional investors 1% and retail investors 16%. The IPO received over 1.6 lakh applications on the first day, investment banking sources said. SBI Life Insurance…

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Should You Invest in the Snapchat IPO? Read This First

Whether you’re obsessed with keeping your Snapstreaks going or have no idea what that means, you may be itching to invest in this week’s initial public offering of Snap Inc., parent company of the popular Snapchat app. The appeal is understandable. For users of the app, owning shares of a company you use every day (or hour) can seem like a good investment. For nonusers, the urban legends of get-rich-quick IPOs are exciting enough on their own. Of course, not every IPO is a success. And even if Snap gets off…

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TeamLease Services IPO Opens: Read This Before Investing

As of November 30, 2015 TeamLease had 1.05 lakh associate employees, serving over 1,021 clients and 1,218 full time employees based out of eight offices in India. TeamLease Services, which provides blue collar as well as white collar staff across industry sectors, is selling nearly 50 lakh shares in the price band of Rs 785-Rs 850 through its initial public offer, which hit markets today. Here are the 10 things to know about this TeamLease IPO: 1. Investors have to buy a minimum of 15 shares in the IPO which…

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