Introduction Medi Assist – a company known for the administrative health insurance facilities they provide has just submitted a draft red herring prospectus (or DRHP) with the Securities and Exchange Board of India. This decision to go public was governed by their desire to generate approximately INR 840 crore in the form of an initial …
Overview of IndiGo’s Strategy IndiGo, one of Asia’s largest budget airlines, plans to sell shares to raise 30 billion rupees ($409 million) as India’s pandemic outbreak worsens, putting any domestic or foreign air travel recovery on pause. IndiGo, which is owned by InterGlobe Aviation Ltd., has approved a plan to raise funds by selling shares …
Overview of Flipkart’s Proposal Flipkart, the Indian e-commerce behemoth, has gone public in a pre-IPO funding round to raise around $1 billion at a valuation of up to $30 billion. The IT-based startup, which let away most of the stakes to Walmart for $16 billion in 2018, began exploring funding options with a few shareholders …
Overview of CarTrade and it’s IPO – CarTrade.com, a leading auto e-commerce company backed by Temasek, Warburg Pincus, and JP Morgan, has begun preliminary talks with advisors to launch an initial public offering (IPO) in 2021 to raise around Rs. 2,000 crores. This will be the first-ever IPO on the domestic bourses by an online …
Overview of Zomato IPO On Wednesday, April 28, online food ordering and distribution startup Zomato filed for an initial public offering (IPO) worth up to Rs. 8,250 crores, as food delivery saw a boom amid the country’s ongoing second wave of the pandemic. Zomato was founded in 2008 and is backed by China’s Ant. It …
Nuvoco Vistas IPO Details The Nirma Group, founded by billionaire industrialist Karsanbhai Patel and known for its famous washing powder label, is making a major comeback to the domestic capital markets. Nuvoco Vistas Corporation Ltd, the Ahmedabad-based group’s cement arm, has filed its DRHP with SEBI to raise about Rs. 5,000 crores via an IPO, …
The financial year 2021 saw more than 30 IPOs raising nearly Rs 39,000 crore. In the first quarter of FY22, ie, April to June, at least 10 to 15 IPOs are expected. In the first three months of 2021, India saw 22 IPOs, including Indian Railway Finance Corp IPO, which was the largest, with a …
India Pesticides IPO Details India Pesticides, an R&D-focused agrochemical technical firm, has filed its DRHR to raise Rs. 800 crores via an IPO. The public offering includes a fund raise of Rs. 100 crores through a new issue of shares and Rs. 700 crores through an offer-for-sale by promoter and technocrat Anand Swarup Agarwal for …
The Indian stocks market has recently seen a flurry of IPOs with the successful listing of many. The strong wind blowing in the IPO market aided by a liquidity glut has attracted more companies to check market interest with their offers. Following the same trend, Wellness Forever, a retail pharmacy chain, will float an IPO …
Overview RIL’s fourth-quarter net profit rose 108.36% year-on-year to Rs 13,277 crores. In the previous quarter, the oil-to-telecom conglomerate posted a consolidated net profit of Rs 6,348 crores. Reliance Industries Ltd had a net profit of Rs 13,101 crores in the previous quarter (October-December 2020). RIL’s income generated from operations in the fourth quarter was …
