Mitul Shah & Associates

SMFG India Credit to issue 3-year floating rate bonds, bankers say

SMFG India Credit Company is set to raise up to 14 billion rupees through the sale of three-year floating-rate bonds. The bonds will carry a coupon rate of 161 basis points over 12-month overnight index swaps. Commitment bids for the issue are invited for Tuesday.

Lenskart IPO: Everything you need to know

Lenskart’s stock market listing takes place today after a hugely successful IPO that drew bids over 28 times the shares on offer. Backed by top global and Indian investors, the eyewear brand is targeting Rs 7,300 crore to fund expansion and acquisitions. Here’s a quick look at everything you need to know.