The Chairman of PFRDA, Mr. Supratim Bandyopadhyay, has mentioned in his recent interview that they are drafting new rules allowing pension fund managers to invest in the open market. These rules, when finalised, will enable fund managers to invest in IPOs, and listed companies as they deem fit. Why this Sudden Change? As per current …
India’s leading online food delivery and restaurant discovery platform, Zomato, raised the third-highest amount in the Indian stock market’s history. The Zomato IPO received a strong response from investors across various categories. At the last bidding day’s end, Zomato’s public issue was subscribed more than 38 times. This eagerly-awaited initial public offering is the largest …
The Indian economic recovery has begun in earnest as lockdown restrictions are easing across various states in India. Following suit, the stock market is also performing steadily. Amidst such optimistic signs, companies are now lining up with their IPOs, and August is expected to be a busy month as well. IPOs in the Fiscal Year …
The initial public offering of Tatva Chintan Pharma, a speciality chemical manufacturer, was concluded on Tuesday, 20 July 2021. It witnessed a mammoth 180.36 times subscription, which propelled it to become the second-most subscribed IPO in 2021, after MTAR technologies. Following an IPO’s closure, it takes about 6 days for the allotment to be finalised. …
An Overview In the wake of several concerns raised about Zomato’s successful IPO, SEBI Chairman Ajay Tyagi said on Thursday that recent public offerings demonstrate the maturity of the Indian market, which is accepting the business model of new age tech companies, which may not be valued using traditional profitability metrics. He noted that successful …
India’s leading online food aggregator, Zomato, has raised the third-highest amount in the country’s stock market history after getting subscribed 38.25 times. The company’s initial public offering received a strong response across different investor categories. Market observers believed that the company’s shares would get listed on bonuses due to improved sentiments in the primary and …
The yoga guru and founder of Patanjali Ayurved, Baba Ramdev, has said in a recent interview that the Patanjali IPO is in contention but not confirmed yet. According to him, the decision to launch this IPO will be finalised by the end of this financial year. Currently, he is busy with Ruchi Soya’s Rs. 4300 …
Razorpay, on 19 April 2021, announced that they have raised a funding of $160 million in their Series E funding round, gaining a total valuation of $3 billion. The Bengaluru-based fintech company is India’s first Y Combinator-backed startup to achieve unicorn status, having tripled its valuation in less than six months. Razorpay was founded in …
Star Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with market regulator SEBI to raise funds via an initial public offering. According to sources, the IPO will comprise a fresh share issue worth approximately Rs. 2000 crores. The listing will also consist of an OFS of around 6.01 crore equity …
As Flipkart gears up to list publicly, it has already raised a whopping $3.6 billion through a pre-IPO round, which is the most by any e-commerce company. This news comes exactly 3 years after Walmart acquired a majority stake of the online storefront. The monumental acquisition in 2018 came after Walmart injected $16 billion in …
