IPOs - Angel One

Alok Bansal and Yashish Dahiya, founders of PB Fintech, the parent company of PolicyBazaar, have substantially reduced the number of shares they are promoting via offer for sale (OFS) in their IPO set to open on 1 November 2021. Sources known to the matter mentioned that the elevated interest for tech IPOs and scope for …

Investors who rely on external funding to subscribe to IPOs may end up paying two times the interest rate than what they used to as RBI is tightening the rules around it. As the demand for funds for this purpose is on the rise and liquidity tightens, the interest rates have amplified from 6%-7% to …

Non-Banking Financial Companies (NBFCs) have started to issue ultra-short-term commercial documents since the beginning of this week. The sole objective here is to raise money as quickly as possible for the ongoing as well as the upcoming IPOs. Know About the IPO Scene With two ongoing initial public offers and four more to go live …

One97 Communications, Paytm’s parent company, will be launching its IPO on 8 November 2021, Monday. The Noida-based company is seeking a valuation of $20 billion at a price band of Rs. 2,080-2,150 per share. For individuals who are interested in applying for this upcoming initial share sale, it is vital to know the details of …

FSN E-Commerce Ventures Ltd., the operator of the online platform for wellness and beauty products Nykaa, raised as much as Rs. 2396 crores via anchor investors. Nykaa made this announcement on 27 October 2021, a day before the opening date of its IPO. Moreover, after consulting with its merchant bankers, the company opted to allocate …

India’s IPO fest is listing new companies every month, and reports from multiple sources suggest that it may cross the Rs. 100 lakh crore mark by the end of this fiscal year. The Covid-19 pandemic has significantly affected the Indian economy, but the market has remained positive afterwards. The GDP growth is rising, and Sensex …

The government of India has asked its valuers and advisors to discover whether LIC (Life Insurance Corporation of India) should be valued at Rs. 10 trillion or even more. This came after an outstanding Zomato IPO, via which it gained a Rs. 1 trillion valuation. Further, the government is also looking to discharge around a …

Fino Payments Bank Ltd. will be opening its initial public offering (IPO) on 29 October and closing on 2 November 2021. This IPO will consist of freshly issued equity shares of Rs. 300 crores and an OFS of 15.6 million shares by the existing stakeholders. The fintech company may consider a pre-IPO placement of up to Rs. …

India’s leading digital payment platform Paytm, has finally received the green signal from market regulator SEBI to float its initial public offering worth Rs. 16,600 crores. If Paytm manages to raise its IPO target, it will overtake Coal India‘s IPO in 2013 where the government entity raised over Rs. 15,000 crores. SEBI cleared the IPO …

One of India’s premier beauty and wellness product retailers FSN E-Commerce Ventures Ltd (Nykaa), is going live with its public issue on 28 October 2021. The IPO will remain open for 3 days and close on 1 November 2021. As per reports, the company has plans to generate about Rs. 5,200 crores and this will …