IPOs - Angel One

On Saturday, 21 August 2021, the Treasury Deputy Secretary within the Finance Ministry, Amit Agarwal, said that 60% of the insurance businesses would be held with listed companies after the LIC IPO. Previously, in July, the Cabinet Committee on Economic Affairs had provided its in-principle approval for listing LIC on the stock exchanges. What’s more? …

Metro Brands Ltd, one of the noted footwear retailers in the country, has filed DRHP with the market regulator to raise funds through an Initial Public Offering. According to the DRHP filed, the company plans to raise Rs. 250 crores through fresh equity share issuance. Know all about Metro Brands IPO here! A Closer Look …

India’s general market capitalisation could surge by a whopping $160 billion over the next 12-18 months, owing to an increase in equity fundraising via IPOs. Note that this figure does not include the upcoming initial public offering of LIC. Leading investment banking company Credit Suisse says that although public market activity has been straggling in …

India’s IPO market is witnessing an unprecedented frenzy in 2021, with major start-ups jumping the IPO bandwagon. The total amount of funds raised through public offerings till now in 2021 stands at $8.8 billion. Although the year is yet to be over, the amount is already more than the total of the past 3 years …

The IPO market of India is in a feeding frenzy, as a series of companies are lining up with their public offer in the coming months. Till date, this valuation has reached $8.8 billion, surpassing the total amount raised in the previous three years. Since it is just August, at this pace, this valuation will …

An Overview According to the company’s draft red herring prospectus (DRHP) filed with the capital markets regulator, ‘ixigo’ plans to raise Rs 750 crore through a primary fundraise and Rs 850 crore through an offer for sale (OFS) from current investors as part of its first public offering. On Thursday evening, the DRHP for the …

Cars24 Services Pvt., India’s largest online platform for used cars, is planning to close a deal to raise $350 million. The company will be raising funds from SoftBank Group, DST Global and other investors. Cars24 would be the latest Indian company to jump into the current IPO bandwagon. India has witnessed a record year in …

On 19 August 2021, Emcure Pharmaceuticals filed its DRHP with the market regulator, SEBI, to launch its initial public offer. As per the DRHP filed, the issue size of this proposed IPO will be between Rs. 4500 and Rs. 5000 crores. Here’s more on this topic. Crucial Details about Emcure Pharmaceuticals IPO As per the …

Sterlite Power Transmission has filed a DRHP with SEBI for an IPO, as reported on 17 August 2021. According to their DRHP, the company will hold an initial sale of shares of up to Rs. 1,250 crores, with a share reservation for its employees. The Anil Agarwal-led Sterlite Power might also indulge in a pre-placement …

Pharmacy retail outlet MedPlus has filed DRHP with market regulator SEBI to launch an IPO of Rs. 1639 crores. According to the draft red herring prospectus filed by the company, this public issue will comprise fresh issue equity shares of Rs. 600 crores and an offer for sale of up to Rs. 1038.71 crores. Company …