Droom, the popular online marketplace for automobiles, acquired $200 million in its first pre-initial public offer fundraising round. Resultantly, this company is valued at $1.2 billion, making it a new entrant at the unicorn club. Per the latest reports, Droom plans to go public in 2022. We can expect this company to get listed either …
After the turbulent fiscal of 2020-2021, businesses across India had suffered due to the Covid-19 pandemic. But, FY2022 brought new hopes. However, the second wave of this virus has ravaged the country and halted the progress of the Indian economy. Owing to this economic downturn, several companies had halted their plans to go public since …
Exxaro Tiles opens its initial public offering for investors tomorrow. The same will be open for public subscription until this Friday, i.e., 6 August 2021. The price band for this initial public offer will be Rs. 118 – Rs. 120 per share. Through this IPO, Exxaro Tiles plans to raise Rs. 161 crores from the …
A decade-old company with a clientele including Pfizer Ltd. and Sanofi India Ltd., Windlas Biotech is all set to launch its IPO on 4 August 2021. The IPO closes to the public on 6 August, Friday. Here’s a brief rundown on the 31st Initial Public Offering of 2021 in India from Windlas Biotech. The company has fixed …
The initial public offering of India’s largest diagnostics service provider, Krsnaa Diagnostics, will open for subscription on 4 August 2021, Wednesday. Individuals can subscribe to its initial offer till 6 August. Per preliminary papers filed with SEBI, the public issue will comprise a new issue of Rs. 400 crores and a secondary issue of 9,416,377 …
Tomorrow, 4 August 2021, will see yet another hospitality sector big-wig, Devyani International, going to Dalal Street to rope in some equity investment. Devyani International is Yum! Brands Inc.’s largest Indian franchise. KFC, Taco Bell, and Pizza Hut are among the most popular quick-service restaurants (QSR) it operates in India. Other brands owned by Devyani …
With IPO fever still going strong in India 2021, CarTrade has received the green signal to float its initial public offering on 9 August 2021. The IPO will be open for subscription till 11 August 2021, with the company hoping to raise Rs. 2000 crores through it. CarTrade Tech Ltd. is an online portal through …
Market regulator SEBI said it wants to bring some changes in the IPO norms, especially in book building, fixed price, and some aspects of the price band. The Indian IPO market has emerged as a favourite for the companies to float their maiden equity offer to raise funds. IPOs like Zomato’s show the robustness of …
PolicyBazaar, India’s largest online insurance aggregator has filed its draft red herring prospectus (DRHP) with SEBI. It aims to raise Rs. 6,017.50 crores via an initial public offering. The IPO will consist of a fresh issue of Rs. 3,750 crore shares along with an offer for sale (OFS) of Rs. 2,267.50 crores by its current …
Ruchi Soya Industries, a subsidiary of Baba Ramdev-owned Patanjali, has filed preliminary papers with the Securities and Exchange Board of India for its follow-on public offer. Per the company’s DRHP, it will be aiming to raise a maximum of Rs. 4,300 cores. Patanjali has to let go 9% stake in Ruchi Soya via this FPO. …
