An Overview As investors continue to pour money into India’s technology sector, KPMG predicts that digital companies will raise around $10 billion through initial public offerings in the next six months. In an interview with many experts, senior partner and head of corporate finance at KPMG India, said, “With these digital firms, India is revealing …
The IPO market has been witnessing an upswing in FY2021-2022, not just in India but in markets across the world. In the first nine months of 2021, the global IPO market has managed to rake up a whopping $330.6 billion, of which Indian IPOs comprise about 3%. Following is a look at a few interesting …
Recently EY published a global IPO trends report studying and analysing the offering across the world. The reports revealed some record-breaking numbers for India. Considering the nine months from January to September 2021, over 70 companies have offered shares raising over INR 728 billion from the public. Out of that, between July-September 2021 itself, there …
The Chennai-based Radiant Cash Management Services, an integrated cash logistics player, has filed a draft red herring prospectus with SEBI for its IPO (Initial Public Offering). The Ascent Capital-backed company will raise funds worth Rs. 60 crores via issuance of new shares. This IPO will also comprise an OFS (offer for sale) of over 30 …
Online payments firm MobiKwik has received approval from the Securities and Exchange Board of India to raise Rs. 1900 crores ($255 million) via IPO (Initial Public Offering). According to their draft papers, the IPO will consist of a fresh issue of shares worth Rs. 1500 crores and an offer for sale (OFS) worth Rs. 400 …
Digital payment platform Paytm is in touch with various global financial firms and asset managers ahead of its initial public offering. According to sources close to the matter, Japanese group Nomura, US-based asset management company BlackRock and Abu Dhabi Investment Authority (ADIA) are in talks with Paytm for investment in the IPO. Paytm has been …
Delhivery is among the leading new age supply chain and logistics chains in India. This Gurgaon-based company converted itself into a private limited company right before filing its initial draft papers. Notably, this is a crucial mandate laid down by SEBI that companies must follow before getting listed on stock exchanges. Here’s more on this …
India Inc. is reportedly seeing a rise in cases where shareholders have come to play a key role in voicing concerns and posing questions to the management and promoters at annual general meetings (AGMs). Called ‘shareholder activism’, the trend has reportedly caught on in corporate India. Large shareholders, including mutual funds and institutional investors, have …
Initial Public Offerings worth Rs. 20,000 crores are planning to be launched in October due to ample liquidity and favourable secondary market conditions. Resultantly, the primary market will stay pretty occupied during the month of October 2021. This is massive compared to the IPO launch in the previous month. Companies like Sansera Engineering, Vijaya Diagnostic …
Aditya Birla Sun Life AMC IPO subscription was carried out from 29 September 2021 to 1 October 2021. The size of this public offer was nearly Rs. 2,768.26 crores. By the third day of Aditya Birla public offering, its shares were subscribed 5.25 times. As per the announced IPO timeline, Aditya Birla public offer’s basis …
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