News for ICICI Prudential Mutual Fund (ICICIB22.BO)

Private equity firms TA Associates and True North are initiating a sale of their stakes in Accion Labs, targeting a billion-dollar valuation.

Mutual Funds: If someone were investing ₹10,000 every month in Edelweiss Flexi Cap Fund, the total corpus would have grown to ₹28 lakh

The stress test for the month of June reveals that it will take 52 days for HDFC small cap fund to liquidate 50 percent and 26 days to liquidate 25 percent of its portfolio.

Paytm expands to Saudi Arabia, Adani exits FMCG, SBI oversubscribed QIP, ONGC-BP collaboration, Emami invests in pet care, and more.

At least ten Indian and foreign asset managers plan to launch higher-risk, long-short equity funds to wealthier investors after the regulator approved the strategy earlier this year, according to executives at these firms and public filings.

ICICI Prudential Mutual Fund will resume subscriptions in three international funds—US Bluechip Equity, Nasdaq 100 Index, and Strategic Metal & Energy FoF—via lump sum, SIP, and STP modes starting July 17, 2025. The fund house informed investors through a notice-cum-addendum, following previous restrictions imposed due to the overseas investment cap set by SEBI nearing its limit.

SEBI’s SIF framework opens doors for long-short equity mutual funds. Top asset managers gear up to serve HNIs with high-risk, high-reward strategies.

ICICI Prudential AMC, India's second-largest mutual fund manager, has filed its DRHP with SEBI for an IPO. The IPO aims to raise funds through an offer for sale of 1.76 crore shares, representing a 10% stake by promoter Prudential. The IPO size is estimated around ₹10,000 crore.

India Business News: MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudentia.

Travel Food Services IPO subscribed 2.88 times, raising ₹598.80 crore from anchor investors; company operates in airport F&B sector.

Travel Food Services' IPO witnessed a tepid response, subscribed only 27% by the final bidding day. Retail investors subscribed 31%, NIIs 28%, and QIBs 19%. Employee quota saw 80% subscription. The grey market premium indicated a modest listing gain. Ahead of the IPO, the company raised ₹599 crore from anchor investors.

Travel Food Services IPO closes today with muted investor interest, priced at ₹1,045-1,100 per share.

Travel Food Services IPO: Exchange data shows the IPO attracted bids for 18.33 lakh shares, compared to 1.34 crore shares available. The retail investor segment was subscribed at 18%, while Qualified Institutional Buyers (QIBs) subscribed 7% and Non-Institutional Investors (NIIs) 11%.

Travel Food Services IPO sees muted interest, priced at Rs 1,045-1,100 per share, with bids for 10% of shares.

Zee's largest foreign investor Norges has backed the resolution. Proxy firm SES, which had earlier asked shareholders to reject the resolution, also supports it, improving the odds. But two other domestic proxy advisors, IiAS and InGovern, remain opposed.

On its debut, Travel Food Services' IPO garnered a modest 2% subscription, with retail investors showing slightly more interest at 3%. Non-institutional investors accounted for 1% of the uptake, while participation from Qualified Institutional Buyers is still awaited. Previously, the company secured Rs 599 crore from anchor investors.

The IPO, with a price band of Rs 1,045 to Rs 1,100 per share, will open on for public subscription on July 7 and conclude on July 9

Travel Food Services IPO opens with price band of Rs 1,045-1,100 per share, targeting airport F&B and lounge sectors.

Travel Food Services will launch its IPO on July 7. The IPO closes on July 9, 2025. The company aims to raise Rs 2,000 crore through an offer for sale. Anchor investors have already invested Rs 599 crore. The price band is set at Rs 1,045 to Rs 1,100 per share.