The yoga guru and founder of Patanjali Ayurved, Baba Ramdev, has said in a recent interview that the Patanjali IPO is in contention but not confirmed yet. According to him, the decision to launch this IPO will be finalised by the end of this financial year. Currently, he is busy with Ruchi Soya’s Rs. 4300 …
Razorpay, on 19 April 2021, announced that they have raised a funding of $160 million in their Series E funding round, gaining a total valuation of $3 billion. The Bengaluru-based fintech company is India’s first Y Combinator-backed startup to achieve unicorn status, having tripled its valuation in less than six months. Razorpay was founded in …
Star Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with market regulator SEBI to raise funds via an initial public offering. According to sources, the IPO will comprise a fresh share issue worth approximately Rs. 2000 crores. The listing will also consist of an OFS of around 6.01 crore equity …
As Flipkart gears up to list publicly, it has already raised a whopping $3.6 billion through a pre-IPO round, which is the most by any e-commerce company. This news comes exactly 3 years after Walmart acquired a majority stake of the online storefront. The monumental acquisition in 2018 came after Walmart injected $16 billion in …
According to updates, the LIC of India is all set to create a database of policyholders who could be eligible for 10% of the reserved allotment issue in its upcoming IPO. This database will help avoid duplication among LIC’s policyholders. This move will offer policyholders the opportunity to become a shareholder of LIC of India. …
Companies have raised more than Rs 50,000 crores in 2021 from the primary market – a positive indication of buoyant market conditions caused by high liquidity conditions in the global market. The enthusiasm in the primary market mirrored the performance of the secondary market, which remained robust despite COVID-19 scares. More than half of the …
One of India’s technologically advanced new-age supply-chain and logistics start-ups, Delhivery is gearing up for its IPO between December 2021 and March 2022. Even though the details of its IPO are yet to be finalised, it is expected to be around $400 million to $500 million. Delhivery is on course to join a series of …
Hospitality firm OYO says that it is already conducting background work to launch its initial public offering (IPO). However, the decision to go ahead will depend on several factors, including market readiness, market appetite, COVID recovery, and the company’s internal readiness. About the company OYO is an Indian multinational chain of franchised and leased hotels, …
PolicyBazaar, India’s largest online insurance marketplace, is gearing up for an initial public offering of about Rs. 6500 crores per its RoC filing. PB Fintech, its parent company, has received board approval for the same on 5 July in an Extraordinary General Meeting (EGM). According to sources close to the company, PolicyBazaar is planning to …
ACC Ltd, the popular cement maker, witnessed a two-fold increase in consolidated net profit during the second quarter (April-June) of Jan-Dec fiscal year. It reported a net profit of Rs. 569.45 crores at the end of June 2021. Same time last FY, the company managed to rake in around Rs. 271 crores. This increase in …
