Sudden lawsuits and surprising complaints have hit various top Indian firms planning for their IPO. Previous vendors and insiders of companies have filed these lawsuits. They have alleged the IPO-bound firms of non-payment of dues and breach of contract. Such surprise allegations have, consequently, brought much confusion and uncertainties around their IPO timeline and prospects. …
The IPO market of India is in a feeding frenzy, as a series of companies are lining up with their public offer in the coming months. Till date, this valuation has reached $8.8 billion, surpassing the total amount raised in the previous three years. Since it is just August, at this pace, this valuation will …
Ami Organics’ initial public offer will be opened for subscription on 1 September 2021. The said IPO would continue till 3 September. As per the DRHP, this public offer will comprise a new share issue worth Rs. 200 crores and an OFS of nearly 6.06 million shares by its shareholders and promoters. Here’s more on …
India’s IPO frenzy is expected to break all previous records this financial year, and MapMyIndia is going to be a play a significant role in it. The India-based digital mapping company with a valuation of Rs. 6000 crores is planning to fundraise around Rs. 1200 to Rs. 1300 crores through a public offer. As per …
By the last day, Exxaro Tiles’ initial public offering was subscribed 22.68 times, receiving bids for 25,96,52,625 shares. The issue size of this IPO was Rs. 161.09 crores. According to its DRHP, this IPO consists of a fresh issue of Rs. 134.23 crores and offer for sale of Rs. 26.86 crores. Exxaro Tiles IPO Subscription Status …
True Balance, a South Korean Fintech platform, has announced its goal to match its expenses and revenues by the end of this year and list its IPO by 2024. Backed by investors like Naver, Daesung Private Equity, and SoftBank, the company is growing strong in their business in India. A large uptake of their small-sized …
Market regulator SEBI has decided to lower promoters’ minimum lock-in period after the company’s stock market listing from 3 years to 18 months. In addition, it has decided to modify regulations regarding ESOPs (employee stock option plans) and AIFs (alternative investment funds). The board has also taken up a series of other decisions this Friday. …
Delhivery, a logistics and supply chain start-up, is the latest Indian company to join the ongoing IPO frenzy. The company is gearing up for its massive $1 billion IPO and plans to file its draft paper in October 2021. As per sources familiar with the developments, Delhivery expects to make its stock market debut in …
Metro Brands Ltd, one of the noted footwear retailers in the country, has filed DRHP with the market regulator to raise funds through an Initial Public Offering. According to the DRHP filed, the company plans to raise Rs. 250 crores through fresh equity share issuance. Know all about Metro Brands IPO here! A Closer Look …
New Delhi-based microlender Fusion Microfinance has filed papers for its initial public offering with market regulator SEBI. The company aims to raise about Rs. 1,900 crores through its IPO. Fusion Microfinance is the second microfinance company after Arohan Financial Services, which is going for IPO in 2021. About Fusion Microfinance Fusion Microfinance is a micro-lending …
