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 …
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 second week of July has proved to be a busy one in terms of companies going public and their share allotments being disclosed. Initial public offering (or IPO) dealings are in full swing, and this week is crucial for those interested in understanding the status of the share allotment for IPOs brought forth by …
LIC of India is planning to go public by the end of this financial year. The proposed IPO is going to be the biggest share sale in India. Per Chief Economic Adviser, K.V. Subramanian, the LIC IPO could bring in nearly Rs. 1 lakh crores for the government. For this IPO, GOI permitted to raise …
The government’s decision to divest LIC is part of its plan to churn out Rs. 1.75 lakh crores by selling assets of state-run entities within this financial year. Founded in 1956, the Life Insurance Corporation of India is the largest state-run life insurer. The government had declared the proposal to sell minority shares of LIC …
Hospitality firm OYO says that it is already conducting background work to launch its initial public offering (IPO). However, the decision to go ahead will depend on several factors, including market readiness, market appetite, COVID recovery, and the company’s internal readiness. About the company OYO is an Indian multinational chain of franchised and leased hotels, …
Policyholders are likely to receive a 10 percent reservation in the upcoming LIC IPO. Depending on the fixed price band, policyholders will also receive the IPO shares at a discounted rate. LIC IPO, expected to launch during the last quarter of the current financial year, is one of the most talked-about IPOs. It will be …
One of India’s technologically advanced new-age supply-chain and logistics start-ups, Delhivery is gearing up for its IPO between December 2021 and March 2022. Even though the details of its IPO are yet to be finalised, it is expected to be around $400 million to $500 million. Delhivery is on course to join a series of …
On July 15 2021, Chemspec Chemicals filed preliminary papers with SEBI to raise Rs. 700 crores via an Initial Public Offering. As per its DRHP, the public issue will consist of an offer for sale by promoters and certain shareholders. Mitul Vora and Rushabh Vora will offer shares worth Rs. 233.30 crore each. The offer …
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, …
