Skanray Technologies is on the go to generate funds through an initial share sale. The public offer of this company consists of a fresh issuance of equity shares amounting to Rs. 400 crores and an offer for sale aggregating to 14,106,347 equity shares. The company’s existing shareholders and promoters will take part in the OFS, …
Seven Islands Shipping, a Mumbai-based shipping and logistics firm, has received SEBI’s go-ahead for its IPO. The company announced the news in April 2021. Seven Islands Shipping will join the frenzy of companies heading to Dalal Street this year. Find further details of this public offer in the next section. Key Highlights of Seven Islands Shipping’s …
The initial public offering of Go Airlines (India), operator of the Go First brand, will open for subscription on 8 December 2021. Founded as GoAir, Go First is trying to raise funds worth Rs. 3,600 crores via its public issue. Are you interested in this forthcoming initial share sale? Make sure to be aware of …
MobiKwik, which is looking for a foreign institutional investor, could delay its IPO by up to three months and possibly push it to the next financial year. FinTech is finding it difficult to get overseas institutional investors with the desired valuation as the distrust in the industry rises. What was the original plan? The company …
The initial share sale of Go Fashion was subscribed for 135.40 times on the 3rd and final day of bidding. The company managed to receive 1,09,39,82,631 subscriptions against a total allotment of 80,79,491 equity shares. Leading women’s bottom wear brand, Go Fashion’s IPO consisted of fresh share issuance worth Rs. 125 crores and an offer …
An Overview So far in November, foreign portfolio investors (FPIs) have been net purchasers in Indian markets, totalling Rs 19,712 crore. Between November 1 and November 18, depositories invested Rs 14,051 crore in shares and Rs 5,661 crore in debt, according to depositories’ data. During the period under review, this resulted in a total net …
India’s leading digital payments platform made history by launching the biggest ever IPO in the country this month. The Rs. 18,300 crores worth public offering had its price band fixed at Rs. 2,080 – 2,150 for each share. However, Paytm stock is listed at Rs. 1,955, dropping 9% from its issue price on the Bombay …
Owing to healthy business growth, RenewBuy is all set to hit the primary market in about two years, according to the company’s co-founder and CEO, Balachander Sekhar. The digital insurtech company was incorporated in 2015 by Balachander Sekhar and Indraneel Chatterjee. Its primary aim was to curb the insurance demand-supply gap in rural and semi-urban …
There’s a “sell” call regarding India among the foreign portfolio investors (FPIs). Foreign portfolio investors will have invested around Rs. 23,000 crores in the Indian capital markets as of 2021. However, they have taken out a vast sum from the stock markets around concerns of valuation. This contrarian game plan sparks some surprise and caution. …
An allied insurance company, Star Health, is planning to raise about 7,500-crore in an initial public offering (IPO) that is expected to open by the end of this month. The offer, which would be the third-largest after Paytm and Zomato, is likely to open by the end of November. The opening and closing dates of …
