IPOs - Angel One

About Five Star Business Finance IPO Five Star Business Finance filed the draft papers with market regulator SEBI in November 2021. Reportedly, the company is seeking a valuation of around $3 billion post IPO launch. According to its DRHP, Five Star Business Finance is looking to mop up as much as Rs. 2,751.95 crores via …

Course5 Intelligence, a data analytics firm, has filed a draft red herring prospectus with SEBI, the capital markets regulator, in order to acquire money via an initial public offering (IPO). The business plans to raise Rs 600 crore via a public offering that includes a new issue of shares worth Rs 300 crore and a …

The DPIIT or Department for Promotion of Industry and Internal Trade has recently mentioned approaching the Union Cabinet for relaxation in the FDI policy to accommodate LIC’s public market debut. DPIIT Secretary Anurag Jain has been in discussion with the Department of Investment and Public Asset Management, i.e. DIPAM, and the Department of Financial Services, …

Sanathan Textiles has filed a DRHP through capital markets regulator SEBI in order to raise money via an IPO. The IPO consists of a new offering of Rs 500 crore by the firm and a promoters’ offer to sell 1.14 crore equity shares. It is entirely owned by the promoters. Ajaykumar Dattani owns 26,59,500 equity …

Delhivery’s Future-Ready Investment Plans Delhivery plans to join forces with Falcon Autotech to develop and integrate improved automated solutions for warehousing and transport operations. Falcon Autotech provides intralogistics automation solutions among various other services in the warehousing and logistics space. Delhivery mentioned that its deal with this company is in order to move ahead with …

According to reports, the finance ministry wants to send a statement that the insurance giant is better positioned to forecast future dangers and possibilities. The ESG score instructions to IPO executives come at a time when SEBI is looking at regulatory and supervisory measures for ESG issuers. The term “ESG rating” refers to the public …

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 …

LIC has specified that the insurance company may go ahead with its draft red herring prospectus with SEBI by this month regarding its upcoming IPO. This major announcement comes as the Indian government has confirmed that the initial share sale of LIC will be commenced before FY2022 ends. The Centre has, in fact, disproved claims …

Udaan, India’s biggest B2B e-commerce platform, has raised $250 million in debt and convertible notes. The Bengaluru-based company raised $200 million using a convertible note, which is a kind of short-term financing that converts to equity. The move is expected to pave the way for Udaan to go public in 18 months, boosting the company’s …

A Closer Look at GPT Healthcare IPO The initial share sale of GPT Healthcare will consist of freshly issued shares of Rs. 17.5 crores. Further, as per its red herring prospectus, this IPO will also include an OFS of around 29,887,486 equity shares by an investor and a promoter entry. Reportedly, as a part of …