IPOs - Angel One

The omnichannel retail pharmacy chain Wellness Forever has decided to file DRHP (draft red herring prospectus) for an IPO (Initial Public Offering) by the end of September 2021. The company intends to raise Rs. 1500–1600 crores through an IPO consisting of a primary issue and an offer for sale by existing investors. Backed by investors …

The public issue of Markolines Traffic Controls will be opening for subscription on 15 September 2021 Wednesday. As per the papers filed with BSE, the company is offering 51,28,000 equity shares at Rs. 78 per unit (including a premium of Rs. 68). For individuals who are looking to apply for this forthcoming initial share sale, …

Homegrown mobile phone maker Lava International is almost ready for its IPO (Initial Public Offering) as it has notified all shareholders of an extraordinary general meeting on 10 September 2021. The company will seek shareholders’ approval for this IPO worth Rs. 2,400 crores, consisting of an offer for sale by existing shareholders and issuance of …

Indian ethnic wear and artisan product retailer, Fabindia is the next in line in the IPO bonanza currently buoying Indian investor sentiments. The company, established in 1960, is looking to raise around $1 billion from the markets this autumn. It is expected to file its prospectus in November. To know more about the IPO and …

New Delhi-based consumer electronics brand boAt is planning to float a public issue of about Rs. 3500 crores in the coming months. Even though there is no official comment available yet, sources close to this matter is expecting a DRHP (draft red herring prospectus) filing in the next couple of months. The senior management has …

Backed by leading private equity firms, Five Star Business Finance Ltd is all set to file DRHP for an IPO. The Chennai-based NBFC features several big-equity firm names, like KKR and Sequoia Capital. Moving ahead, It plans to raise as much as $400 million (approx. Rs. 2900 crores) from the initial public offering, as per …

Oravel Stays Private Limited, the company that controls OYO Hotels and Homes, has increased its authorised share capital. As per the regulatory filing, it has gone from Rs. 1.17 crores to Rs. 901 crores, denoting quite a significant jump. As per market sources, this move has been initiated by keeping the initial public offering in …

Taking a cue from the boom of tech space in this country, Byjus’s, one of India’s leading education portals, plans to accelerate its public offering. The prominent reason behind it seems to be the intention of making the most of the prospects of India’s tech space. That said, Byju’s intends to accelerate its public offering …

The mega IPO of the country’s biggest state-backed insurance company, Life Insurance Corporation of India, is planned for FY2020-21. However, one of its largest trade unions, All India LIC Employees’ Federation, suggests that this initial public offering can lead to job losses. In addition, the Union expects it to impact LIC’s social infrastructure spending plans. …

Sansera Engineering Ltd, an auto-component manufacturer, based in Bengaluru, will open for public subscription on 14 September 2021. The initial public offer for this company will close on 16 September. The said public offer will be a pure offer for sale comprising 17.24 million equity shares by its promoters and shareholders. Here’s more about this …