An Overview According to the company’s draft red herring prospectus (DRHP) filed with the capital markets regulator, ‘ixigo’ plans to raise Rs 750 crore through a primary fundraise and Rs 850 crore through an offer for sale (OFS) from current investors as part of its first public offering. On Thursday evening, the DRHP for the …
Cars24 Services Pvt., India’s largest online platform for used cars, is planning to close a deal to raise $350 million. The company will be raising funds from SoftBank Group, DST Global and other investors. Cars24 would be the latest Indian company to jump into the current IPO bandwagon. India has witnessed a record year in …
On 19 August 2021, Emcure Pharmaceuticals filed its DRHP with the market regulator, SEBI, to launch its initial public offer. As per the DRHP filed, the issue size of this proposed IPO will be between Rs. 4500 and Rs. 5000 crores. Here’s more on this topic. Crucial Details about Emcure Pharmaceuticals IPO As per the …
Sterlite Power Transmission has filed a DRHP with SEBI for an IPO, as reported on 17 August 2021. According to their DRHP, the company will hold an initial sale of shares of up to Rs. 1,250 crores, with a share reservation for its employees. The Anil Agarwal-led Sterlite Power might also indulge in a pre-placement …
Pharmacy retail outlet MedPlus has filed DRHP with market regulator SEBI to launch an IPO of Rs. 1639 crores. According to the draft red herring prospectus filed by the company, this public issue will comprise fresh issue equity shares of Rs. 600 crores and an offer for sale of up to Rs. 1038.71 crores. Company …
Travel and hospitality player RateGain Travel Technologies Ltd. is the latest addition to the list of Indian companies joining India’s IPO frenzy. The company filed papers for its initial public offering with SEBI on 17 August 2021. RateGain’s proposed IPO will comprise fresh equity shares worth Rs. 400 crores and an offer for sale. A …
Propelled by the IPO rush this year, stocks that have been listed recently have been outshining the benchmark index by the most margin over the past seven years, according to news reports. Data cited in media reports note that companies that have listed over the last two years have beaten the Nifty 50 this year …
The government-owned life insurance giant LIC plans to split its IPO into two consecutive offerings with a few months gap. This is because this IPO, through which the government expects to raise around Rs. 1 lakh crores, may be too massive for the market to absorb in one go. If the above plan is successfully …
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. …
Indian Fintech and payment facilitator, Paytm is all set to launch their highly anticipated IPO in October. As expected, 2021 has proved to be a highly active year for the Indian new-age tech start-ups in the primary market. The online food-delivery company, Zomato, has already joined the stock market with healthy participation from investors. Paytm …
