The follow on public offer of Ruchi Soya Industries Ltd. was subscribed 3.60 times on 28 March 2022, the final day of bidding. The company offered 4,89,46,260 shares, against which it received a total bid of 17,60,68,935 shares as per the updates available on the official website of NSE. Incorporated in 1986, it is one …
The IPO frenzy of India in 2021 is reaching new heights, with reports from various sources claiming it will hit the Rs. 100 lakh crore mark. After hitting a few snags in the previous financial year due to the Covid-19 outbreak, this is a positive sign. The market, in general, has recovered well, and Sensex …
State-owned Life Insurance Corporation of India (LIC) may invest in online food delivery platform Zomato’s initial public offer, according to news reports. Zomato’s initial public offer has generated a buzz in the recent past, following the announcement of its launch on July 14. The Rs 9,375 crore IPO is the second biggest maiden offer after …
Restaurant and Hospitality chain Barbeque Nation had issued preferential equity shares to three investors. Approved by its stakeholder’s relationship committee, the restaurant chain has raised about Rs. 100 crores with this move. This committee, in their recent Saturday meeting, has approved 11,77,855 paid-up equity share allotment with Rs. 5 per share face value. According to …
ITC InfoTech, the wholly-owned subsidiary of ITC Limited, will face a demerger in the coming months. A person close to the company has recently confirmed the same, on the conditions of anonymity. A leading news agency has earlier reported that ITC’s board will meet up to discuss the demerger of its IT services wing. The …
The government is reportedly going ahead with its proposed LIC (Life Insurance Corporation) listing in the last quarter of the fiscal year 2021-22. This comes at a time when the markets have been seeing some volatility. Also, the performance of some big-ticket IPOs has not made an impact on the government’s plans to go ahead …
Single Digit Valuation for LIC Even though the valuation is supposed to be in lakh crore rupees, it will still stay in single digits. This will place LIC below companies like TCS and Reliance Industries. However, even after this conservative valuation, the life insurance provider’s public issue will still be significant in the country. LIC …
The public issue of Paras Defence and Space Technologies made its Dalal Street debut in September 2021. With an Initial price band of Rs. 165 to Rs. 175, this public listed at a premium of about 170% on BSE and NSE on 1 October 2021. This was an early indication of the promise that this …
The investment market is baffled as to how a company’s IPO with heaps of losses is valued at such an incredibly high price. It is understandable. After all, the company’s annual earnings have not been too decent in the last couple of years. Regardless, the expected market capitalization of this online food delivery giant is …
Market observers appear to have differing opinions in relation to Zomato IPO. While some view it as an ideal alternative to a traditional tech startup, there are others who think that it’s priced too high. However, at the same time, there are some individuals who are waiting to see how this IPO performs. With India’s …
