Gold Plus Glass Industry is aiming to raise an amount of around Rs. 1,200 crores through an IPO. The company is in talks to use these funds on boosting its capacity. In addition, this Premji Invest backed company has also engaged nearly half a dozen investment bankers, including Axis Capital and Jefferies, as per reports. …
The shares of Tata Power rallied 15% on Monday after the news broke that the company is planning to raise funds for the IPO of its renewable energy unit. As per various reports, the company is in talks with different pension and sovereign funds for this purpose. This includes the Government of Singapore Investment (GIC) …
The primary capital market has been experiencing an outstanding year, with 43 mainboard companies launching public issues so far. These initial public offerings have raised an amount of about $9.7 billion in a period of nine months. Considering the time frame, this record-setting amount is the highest ever in the past 20 years. In native …
PB Fintech, the parent company of online marketplaces such as PaisaBazaar and PolicyBazaar, has received SEBI’s approval for its initial public offering. The company filed its DRHP on 2 August 2021 to raise Rs. 6,017 crores through a public offering. According to people familiar with the developments, PB Fintech would be having a valuation of …
An Overview VLCC Health Care Ltd, which is planning an initial public offering, has raised approximately Rs 37 crore via the sale of shares to a foreign corporation. According to a statement with the corporate affairs ministry, the Bahamas-based Zall Holdings Ltd. has been issued 6,27,804 equity shares worth roughly Rs 37 crore. VLCC, a …
LIC’s initial public offering is set to be the biggest IPO ever in India, with an issue size ranging between Rs. 80,000 to 1,00,000 crores. This public offering is scheduled for March 2022. According to DIPAM secretary Tuhin Kanta Pandey, bonuses promised to policyholders will remain unaffected after the listing, even as the yearly surplus …
Online pharmacy retailer PharmEasy closed its recent round of funding by accumulating about $350 million. This is a pre-IPO round of funding before the company files its Draft Red Herring Prospectus with SEBI. In its primary round of funding, the company raised nearly $204 million from multiple investors that include – Amansa Capital of Singapore …
Recently, India’s market regulator – SEBI has given a go-ahead to two more IPOs. The capital market regulator approved the upcoming IPOs of Star Health Insurance and Adani Wilmar. Adani Wilmar filed its draft prospectus to propose the initial public offering back in August. However, as per reports, it was put on hold by SEBI …
GPT Healthcare Ltd. is going the IPO way. This group, which owns the ILS Hospital chain in Eastern India, is ready to file its DRHP with SEBI. Below is a brief rundown of their story. Key Takeaways from the GPT Healthcare IPO GPT Healthcare Ltd. IPO is releasing a fresh issue worth Rs. 17.50 crores …
Zostel Hospitality Pvt. Ltd, owner of ZO Rooms and Zostel Hostel has recently written to the Securities and Exchange Board of India. The hospitality company urged the market regulator to reject the Draft Red Herring Prospectus filed by Oravel Stays Ltd. Oravel operates Oyo and is its parent firm. Zostel requested SEBI to cancel the …
