LIC has specified that the insurance company may go ahead with its draft red herring prospectus with SEBI by this month regarding its upcoming IPO. This major announcement comes as the Indian government has confirmed that the initial share sale of LIC will be commenced before FY2022 ends. The Centre has, in fact, disproved claims …
Udaan, India’s biggest B2B e-commerce platform, has raised $250 million in debt and convertible notes. The Bengaluru-based company raised $200 million using a convertible note, which is a kind of short-term financing that converts to equity. The move is expected to pave the way for Udaan to go public in 18 months, boosting the company’s …
A Closer Look at GPT Healthcare IPO The initial share sale of GPT Healthcare will consist of freshly issued shares of Rs. 17.5 crores. Further, as per its red herring prospectus, this IPO will also include an OFS of around 29,887,486 equity shares by an investor and a promoter entry. Reportedly, as a part of …
IPOs in Calendar Year 2021 In 2021, more IPOs were announced than in the previous three years combined. Over 60 companies raised over Rs. 1.35 Lakh Crores through IPOs in India, which is the highest amount in the history of the country’s capital market. In the last 12 months, new listings have given 60% average …
Single Digit Valuation for LIC Even though the valuation is supposed to be in lakh crore rupees, it will still stay in single digits. This will place LIC below companies like TCS and Reliance Industries. However, even after this conservative valuation, the life insurance provider’s public issue will still be significant in the country. LIC …
Top LIC executives said in one of their engagements with overseas shareholders in the run-up to its biggest IPO that the firm expects to submit its IPO papers with the market regulator by January’s 3rd week. Officials from the finance ministry have been claiming for months that LIC will be listed before the end of …
GPT Healthcare, which owns the ILS Hospitals chain, has got permission from the capital markets regulator SEBI to fund up to Rs 500 crore via an IPO. According to the DRHP, the IPO would include an offer for sale (OFS) of up to 2.98 crore equity shares by a promoter company and an investor and …
In a nutshell, 2021 has been a ‘blockbuster’ year for India’s primary market. With 63 companies making share market debut generated around Rs. 1.2 lakh crores. Among them, the likes of Paytm, Nykaa, and Zomato have been the most ‘talked-about’ public issues and accumulated a significant hype. Moreover, Paytm’s IPO broke all previous records in …
Old and New Firms Queue Up Firms that will expectedly hit the primary market in March 2022 quarter are: Firm’s Name Expected IPO Size OYO Rs. 8,430 crores Delhivery Rs. 7,460 crores Adani Wilmar Rs. 4,500 crores Emcure Pharmaceuticals Rs. 4,000 crores Vedant Fashions Rs. 2,500 crores Medanta Rs. 2,000 crores Paradeep Phosphates Rs. 2,200 …
The GOI has Thought of Such Rewards Before The Finance Ministry thought of giving such a gift to unitholders of UTI after it was severely impacted due to a huge fraud. UTI’s investments in large-cap stocks were housed in a brand new fund that was floated especially for this objective. The government wanted to offer …
