2021 has been a year to remember for India’s share market. A record number of companies went public, 63 to be precise, generating a total of Rs. 1.18 lakh crores in due course. Looking at this phenomenon, experts’ prediction for this calendar year, i.e., 2022, is not very far off from this metric. The basis …
Life Insurance Corporation of India (LIC) has filed updated draft papers with market regulator Securities and Exchange Board of India (SEBI). These revised documents for the company’s initial public offering reflect its earnings in the last quarter, which they had filed with their insurance regulator earlier this month. To get in-depth details on this LIC IPO update, stick to …
Corrtech International, a supplier of pipeline laying solutions, has filed preliminary paperwork with the capital markets regulator SEBI to acquire money via an initial public offering. According to a draft red herring prospectus filed with SEBI, the public offering includes a new issuance of equity shares worth Rs 350 crore and a promoter offer to …
In December 2021, 17 new IPOs were launched via the primary market route which helped the companies in raising Rs. 16,700 crore. In 2020 and 2021, there were hundreds of successful IPOs and the market was cheerful for the longest time in the history of IPOs. It flourished as a part of a bull run. …
Although the activities of the primary market have paused lately due to the Russia-Ukraine crisis, there is an upcoming IPO by Uma Exports Limited. The estimated fund they plan to raise by this initial public offering is Rs. 60 crores. To know about it in detail, continue reading! Closer Insight of Initial Public Offering by Uma …
Aether Industries Limited, a specialty chemicals firm, has raised an additional Rs 130 crore in pre-IPO capital from White Oak Capital, SBI Mutual Funds, IIFL, and Public Sector Pension Investments. The Surat-based firm earlier secured Rs 100 crore in a pre-IPO placement from IIFL Group and White Oak Capital in November 2021. On December 28, …
Rainbow Children’s Medicare, a multi-specialty hospital network sponsored by United Kingdom-based development financing organization CDC Group plc, has acquired SEBI clearance to undertake an initial public offering for Rs 2,000 crore. The IPO consists of new issuance of equity shares worth up to Rs 280 crore and an offer sale by the selling shareholders of …
Reports suggest that the Government is planning to launch the much-hyped mega LIC IPO sometime around the mid of May 2022. It hopes that the market turbulence that has been triggered worldwide by the Russian invasion of Ukraine will calm down by then. Want to know more on this matter? Keep reading! Why Did the …
According to an official, the government has until 12th May to launch the LIC IPO without having to file new paperwork with market regulator SEBI. The government had intended to sell roughly 31.6 million shares or a 5% interest in Life Insurance Corporation in March, with the proceeds expected to be about Rs 60,000 crore, …
24 March 2022 is marked by Ruchi Soya to release its follow-on public offering. As per the news, an additional FPO will be issued after the initial public offering made by this diversified FMCG company. This act of FPO comes in to meet the requirements of SEBI, where a listed business should possess 25 percent …
