Paytm has received the nod from shareholders to fundraise $268 million in a pre-initial public offering share sale. The said IPO is likely to be scheduled later this year. This pre-IPO fundraising round will be a part of the OCL’s primary fundraising. It will be carried out through the issue of shares. Moreover, this Monday, …
An Overview Zomato, a food-tech platform, has scheduled its initial public offering (IPO) for July 14-16, with a target valuation of Rs. 9,375 crores. It will be the first in a series of consumer internet companies and startups in India to raise public funds in the aftermath of the outbreak. What are the specifics of …
The much-anticipated Zomato IPO subscription, which is all set to open from July 14 to July 16, is creating a buzz and with good reason. The food delivery company’s IPO is sized at Rs 9375 crore and the company is valued in the Rs 60,000 crore or $8 billion range, with experts observing that the valuation …
With Indian Equity Benchmark Indices trading at historical high levels there has been a lot of traction visible in the primary market as well. It is natural that when the secondary markets are running full throttle, it gives impetus to the primary market also. As the equity benchmark indices hit the new all-time high levels …
Tatva Chintan Pharma IPO has been opened to investors for subscription on 16 July 2021. It received a strong response right off the bat, especially from the retail investors. The shares allotted for the retail section were subscribed within two hours of the first bidding day. As of 5 pm, this specialty chemical manufacturing company’s …
IPO Bonanza! The primary market is set for a Rs. 80,000 crores bonanza, with 30 businesses that have already filed IPO papers for a total of Rs. 55,000 crores, and another ten expected to file this month for a total of Rs. 25,000 crores. On the basis of a huge lot of investors — the …
The Securities and Exchange Board of India approved IPO applications through UPI back in 2019. It was done to reduce the period between closing an IPO and listing security from 6 days to 3 days. Per data released by NPCI (National Payments Corporation of India), banks have received over 19 lakhs IPO mandates in June …
Pine Labs, leading Indian payments and ecommerce start-up, closed a whopping $600 million financing round as it sets to enter the public market foray in two years. This was courtesy of the entry of new investors, which is subject to approval from SEBI. The key investors include: Fidelity Management and Research Company Funds managed by …
Ahead of its mega initial public offering (IPO), digital payments firm Paytm has seen a reshuffle of the company board, with Ant Group’s Jing Xiandong being replaced by Douglas Lehman Feagin as the senior vice president of the group. The parent company of Paytm, One97 Communications, is expected to file its draft red herring prospectus …
The much-awaited IPO of Zomato opens for subscription on 14 July 2021 and will close on 16 July 2021. The company aims to raise Rs. 9375 crores through its initial public offering. The Zomato IPO price band will be Rs. 72 – Rs. 76/share. The offer worth Rs. 9375 crores, comprises new issues and OFS by existing …
