IPOs - Angel One

The much-awaited IPO of Zomato opens for subscription on 14 July 2021 and will close on 16 July 2021. The company aims to raise Rs. 9375 crores through its initial public offering. The Zomato IPO price band will be Rs. 72 – Rs. 76/share. The offer worth Rs. 9375 crores, comprises new issues and OFS by existing …

Zomato’s Shares Slash Info Edge, one of Zomato’s major owners, has reduced the offer for sale in Zomato’s IPO by half, bringing the total amount of the IPO down. The company, which is owned by Sanjeev Bikhchandani, announced on Sunday that its board has amended the company’s offer for sale of Zomato shares to Rs. …

A Brief Overview Headquartered in New Delhi, India Pesticides Limited made an impactful listing on the National Stock Exchange (or NSE) in addition to the Bombay Stock Exchange with a 27 percent premium. This is relevant when set against its price range for each share that fell between IBNR 290 to INR 296. As of …

The market watchdog, SEBI, has proposed to mellow down rules imposed on superior voting rights shares (SR shares). This move could resolve some of the legacy issues faced by start-up founders when planning to list their companies publicly. The proposal, when realised, will enable founders to dilute their stakes without losing control. It will improve …

Leading Indian clothing brands, Fabindia and GoColors are preparing to go public by 2021’s end. While GoColors aims to raise Rs. 800 – Rs. 1000 crores, the ethnic apparel brand, Fabindia expects to acquire a sum of Rs. 3000 crores. Fabindia, GoColors plan to go public According to reports, GoColors started preparing for an IPO …

Clean Science and Technology Ltd. is a top India-based chemical manufacturer known for producing pharmaceutical intermediates, performance, and FMCG chemicals. At present, it has two manufacturing units in Karkumbh, Maharashtra. The company exports its goods to various overseas markets, registering 69% of its revenues through exports in 2020. The IPO of Clean Science and Technology …

Robinhood Markets, Inc. filed paperwork for its much-anticipated initial public offering. Let’s take a closer look at the IPO The company filed an S-1 with the Securities and Exchange Commission (SEC), signalling its intent to go public. It plans to trade under the ticker symbol of “HOOD” on the NASDAQ stock exchange. However, Robinhood did …

India’s largest insurance provider, Life Insurance Corporation of India (LIC), is gearing up to go public by the end of FY 22. With an estimated valuation of Rs. 10 lakh crores, LIC’s IPO will be the biggest in this country to date. Government plans to divest up to 25% of India’s largest insurer, with initial disinvestment …

An Overview of GR Infraprojects IPO The initial public offering (IPO) of GR Infraprojects will begin accepting subscriptions on July 7, 2021. There will be no new shares issued, and the public offering is planned to be an offer-for-sale (OFS) of up to 1.15 crore shares by promoters and shareholders. On July 9, 2021, the …

Agrochemical manufacturing company India Pesticides Limited launched its Initial Public Offering on 23 June 2021. Through India Pesticides IPO, the company aimed to obtain a sum of Rs. 800 crores, which it intends to use for: General corporate purposes. Fulfil working capital requirements. On 30 June 2021, India Pesticides published its basis of allotment. If you …