IPOs - Angel One

New Delhi-based microlender Fusion Microfinance has filed papers for its initial public offering with market regulator SEBI. The company aims to raise about Rs. 1,900 crores through its IPO. Fusion Microfinance is the second microfinance company after Arohan Financial Services, which is going for IPO in 2021. About Fusion Microfinance Fusion Microfinance is a micro-lending …

Popular Vehicles and Services Ltd. approached markets regulator SEBI on 4 August 2021 with draft papers to raise funds via an IPO. The initial public offering will consist of a fresh issue of shares amounting to Rs. 150 crores. It will also include an offer for sale (OFS) by existing company shareholders. About Popular Vehicles …

Market regulator SEBI has decided to lower promoters’ minimum lock-in period after the company’s stock market listing from 3 years to 18 months. In addition, it has decided to modify regulations regarding ESOPs (employee stock option plans) and AIFs (alternative investment funds). The board has also taken up a series of other decisions this Friday. …

True Balance, a South Korean Fintech platform, has announced its goal to match its expenses and revenues by the end of this year and list its IPO by 2024. Backed by investors like Naver, Daesung Private Equity, and SoftBank, the company is growing strong in their business in India. A large uptake of their small-sized …

By the last day, Exxaro Tiles’ initial public offering was subscribed 22.68 times, receiving bids for 25,96,52,625 shares. The issue size of this IPO was Rs. 161.09 crores. According to its DRHP, this IPO consists of a fresh issue of Rs. 134.23 crores and offer for sale of Rs. 26.86 crores. Exxaro Tiles IPO Subscription Status …

The initial public offering of Devyani International was subscribed 116.70 times as of 5 PM on 6 August, the final day of its IPO. The IPO received bids for 13,13,79,21,555 shares against an issue size of 112,569,719 equity shares. In contrast, this IPO was subscribed only 3.06 times and 6.61 times on day 1 and day …

Krsnaa Diagnostics’ initial public offering opened for subscription from 4 August to 6 August 2021. In the three days, the company’s IPO was subscribed 64.40 times, with bids for a total of 458,008,245 shares. Per its DRHP, Krsnaa Diagnostics was supposed to raise Rs. 1200 crores through this public offer, comprising new issues worth Rs. …

Digital payments and financial services company Paytm is all set to hit the markets with its Rs. 16,600 crores IPO in October, which is likely to be the largest ever in India. The company has already filed a draft prospectus with SEBI for its initial share sale on 15 July 2021. Here’s all you need …

On 6 August 2021, it was reported that HDFC bank has decided to suspend IPO plans for its subsidiary HDB Financial Services Ltd. (HDBFSL). The non-banking financial company (NBFC) earlier had plans to raise funds via an initial public offering under the leadership of Aditya Puri. However, the financial institution is now considering analysing the …

The retail-focused housing finance company Aptus Value Housing Finance has fixed their upcoming IPO’s price band at Rs. 346 to Rs. 353 per share. The IPO is set to open for subscription on 10 August 2021 and will close on 12 August 2021. At Rs. 353 per share, the non-banking lender will raise around Rs. …