IPOs - Angel One

Delhivery is among the leading new age supply chain and logistics chains in India. This Gurgaon-based company converted itself into a private limited company right before filing its initial draft papers. Notably, this is a crucial mandate laid down by SEBI that companies must follow before getting listed on stock exchanges. Here’s more on this …

India Inc. is reportedly seeing a rise in cases where shareholders have come to play a key role in voicing concerns and posing questions to the management and promoters at annual general meetings (AGMs). Called ‘shareholder activism’, the trend has reportedly caught on in corporate India. Large shareholders, including mutual funds and institutional investors, have …

Initial Public Offerings worth Rs. 20,000 crores are planning to be launched in October due to ample liquidity and favourable secondary market conditions. Resultantly, the primary market will stay pretty occupied during the month of October 2021. This is massive compared to the IPO launch in the previous month. Companies like Sansera Engineering, Vijaya Diagnostic …

Aditya Birla Sun Life AMC IPO subscription was carried out from 29 September 2021 to 1 October 2021. The size of this public offer was nearly Rs. 2,768.26 crores. By the third day of Aditya Birla public offering, its shares were subscribed 5.25 times. As per the announced IPO timeline, Aditya Birla public offer’s basis …

The IPO frenzy that India is currently witnessing is likely to reach new heights around Diwali as a handful of companies are preparing to go public. Paytm and Nykaa are two notable IPOs that are rumoured to go live before Diwali, pending approval from SEBI. Moreover, given the current market condition, sources close to the …

India is zeroing down on a proposal to let foreigner investors participate in the upcoming Life Insurance Corporation IPO. However, the government will limit foreign investments to a maximum of 20%, as per sources. A plan to amend the rules put forward by FDI is currently under discussion. This amendment will let investors purchase shares …

It’s expected to be a busy IPO season during the last three months of the year – news reports suggest that 35 firms are planning to raise a total of Rs 80,000 crore for the quarter by way of initial public offerings . Among the companies planning to take the IPO route include Policybazaar, Paytm, …

As on Monday, 4 October 2021, new investors like IIFL and Steadview Capital are discussing with PharmEasy to participate in its pre-IPO funding round. A US-based hedge fund has also shown interest to participate in the same and is currently in talks with the e-pharmacy. In addition, PharmEasy has confirmed a subsequent transaction of nearly …

Capital market governing body, SEBI, has given a ‘go-ahead’ to Fino Payments Bank and Popular Vehicles and Services Limited to initiate their IPO proceedings. Both the companies have recently received the approval, i.e. observation letter, to go public. Observation letters are compulsory for initial share sales, and as per SEBI’s parlance, this letter signifies a …

In recent news, Indian hospitality start-up Oyo filed preliminary papers with SEBI for an initial public offering worth Rs. 8,430 crores last week. Parent company Oravel Stays confirmed that the hotel chain aims to raise around $1 billion from this IPO. Part of this sale will comprise a fresh issue of shares. The rest will …