Zomato IPO has opened on 14 July 2021. The online restaurant aggregator had announced its plans to raise more than $560 million from anchor investors before its IPO. India’s top online food delivery platform, on Tuesday, informed that it has raised $562.3 million from 186 anchor investors. The amount raised comprises about 45% of its total …
PayMate, a leading payment solutions firm backed by Visa and Lightbox, is planning to file a domestic initial public offering. With this move, it will join a clutch of tech firms heading towards an IPO. What’s happening? PayMate has started its preliminary discussions with investment banks for a prospective listing. If this plan pans out, …
Investors continue to make bids for shares of Zomato on day 2 of the company’s initial public offering. As of 5pm on July 15 2021, the issue has been subscribed 4.79 times, receiving bids for 3,45,13,40,880 shares. Backed by Ant Group, Zomato is the first online food aggregator in India. Moreover, it is the first …
The investment market is baffled as to how a company’s IPO with heaps of losses is valued at such an incredibly high price. It is understandable. After all, the company’s annual earnings have not been too decent in the last couple of years. Regardless, the expected market capitalization of this online food delivery giant is …
Established in 1956, the Life Insurance Corporation of India is the biggest state-run life insurer. Finance Minister Nirmala Sitharaman had announced the proposal to sell minority shares of LIC through IPO launch during the budget session of fiscal year 20-21. The Cabinet Committee on Economic Affairs (CCEA) has cleared a proposal for LIC IPO in a …
Market observers appear to have differing opinions in relation to Zomato IPO. While some view it as an ideal alternative to a traditional tech startup, there are others who think that it’s priced too high. However, at the same time, there are some individuals who are waiting to see how this IPO performs. With India’s …
Tatva Chintan Pharma Chem Limited, a Gujarat-based Pharmaceuticals and Chemicals Company, is gearing up to launch its IPO. The Tatva Chintan Pharma IPO listing date has been finalised, and it will open on 16 July 2021 and close on 20 July 2021. The expected price band of this IPO is Rs. 1073 – Rs. 1083 per …
The digital payments giant MobiKwik has filed DRHP with SEBI to raise Rs 1900 crore through an IPO. As per the draft document, the company will raise Rs. 1500 crores from the sale of primary shares. Additionally, it will raise a maximum of Rs. 400 crores through the sale of secondary shares held with existing …
State-owned Life Insurance Corporation of India (LIC) may invest in online food delivery platform Zomato’s initial public offer, according to news reports. Zomato’s initial public offer has generated a buzz in the recent past, following the announcement of its launch on July 14. The Rs 9,375 crore IPO is the second biggest maiden offer after …
The second week of July has proved to be a busy one in terms of companies going public and their share allotments being disclosed. Initial public offering (or IPO) dealings are in full swing, and this week is crucial for those interested in understanding the status of the share allotment for IPOs brought forth by …
