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 …
LIC of India is planning to go public by the end of this financial year. The proposed IPO is going to be the biggest share sale in India. Per Chief Economic Adviser, K.V. Subramanian, the LIC IPO could bring in nearly Rs. 1 lakh crores for the government. For this IPO, GOI permitted to raise …
The government’s decision to divest LIC is part of its plan to churn out Rs. 1.75 lakh crores by selling assets of state-run entities within this financial year. Founded in 1956, the Life Insurance Corporation of India is the largest state-run life insurer. The government had declared the proposal to sell minority shares of LIC …
Online food delivery behemoth, Zomato closed its public issue and has received a strong response from investors, especially QIB and retail categories. Subsequently, this company is all set to finalise its IPO allotment status dates and more by this week. Investors can check Zomato IPO allotment status on Angel One’s website or BSE’s official website. …
LIC Housing Finance, a subsidiary arm of Life Insurance Corporation, said that stock exchanges are currently looking into the issue of preferential shares to the parent company. This news came after the company announced that LIC would issue equity capital worth Rs. 2334.70 crores by upturning additional stakes. That’s not all! LIC Housing Finance received …
Paytm filed preliminary papers with the Securities and Exchange Board of India to acquire funds worth Rs. 16600 crores or $2.2 billion. This will be India’s biggest stock market listing in at least the past ten years. Per the draft prospectus, the initial public offering will include a fresh issue and an offer for sale …
As GR Infraprojects makes its debut in BSE and NSE today, it has started its journey at a premium of 103%. This astonishing rise over the issue price is due to its high demand in the secondary market. This has surpassed analysts’ expectations, mainly due to the company’s current financial status and the Government’s focus …
As of 5 pm on July 16 2021, the initial public offering of India’s first online food aggregator, Zomato, was subscribed 38.25 times, getting bids for 20,13,78,57,28 shares. The issue was set to nudge the company’s valuation up to Rs. 64,365 crores, making it the second-biggest IPO since March 2020. Zomato had set a target …
On July 15 2021, Chemspec Chemicals filed preliminary papers with SEBI to raise Rs. 700 crores via an Initial Public Offering. As per its DRHP, the public issue will consist of an offer for sale by promoters and certain shareholders. Mitul Vora and Rushabh Vora will offer shares worth Rs. 233.30 crore each. The offer …
