Inox Green Energy Services Ltd., the material subsidy of wind energy provider Inox Wind is planning to raise Rs. 500 crores via a public offering. In an exchange filing, it has stated that its Board of Directors has approved the fundraising through IPO in a meeting held on 6 December 2021. Go through the following …
As the IPO-action-packed year is drawing to an end, two companies have received the nod from market regulator, SEBI to float their IPOs. The companies are Anil Aggarwal’s Sterlite Power Transmission and Nashik-based ESDS Software Solution. They have received the Securities And Exchange Board of India’s (SEBI) approval to raise capital via an initial share …
On 6 December 2021, RateGain Travel Technologies managed to garner as much as Rs. 598 crores from 34 anchor investors. This IPO is opening for subscription on 7 December 2021 and will close on 9 December 2021. In its BSE filing, the company mentioned that it had allocated around 1,40,90,136 shares to anchor investors at …
Qualcomm Ventures, the investment division of Qualcomm Inc., will divest its 5% stake in MapmyIndia. With this, the company is hoping to gain a return equal to 20 times the weighted average price of Rs. 52 for each share that it presently holds. Qualcomm has remained an investor in MapmyIndia for 13 years. Find more …
Anand Rathi IPO was subscribed 9.78 times as of 6 December 2021. The public issue of this Mumbai-based company received bids for 8,29,21,509 shares. The total number of shares reserved was 84,75,000. This company expected to raise funds worth Rs. 660 crores at the upper end of the IPO price band. Established in 1994, Anand …
According to its latest annual reports, LIC (Life Insurance Corporation) had lowered its net NPA (Non-Performing Assets) to 0.05% in the financial year ended in March 2021. Its NPAs as of 31 March 2021 stood at Rs. 35,129.89 crores out of a total portfolio of Rs. 4,51,303.30 crores. This is lower than the net NPA …
In less than a month, 2022 is about to begin. This brings us to the right point where we can introspect about how the financial front of 2021 has been. The returns on equity and debt have been decent throughout the year with many stocks rallying to all-time highs stretching the Nifty to touch above …
December seems to be another action-packed month for IPOs, as several big ones get ready to launch. Metro Brands, a famous footwear retailer in India, has announced more of its IPO details. Those keen to subscribe to this company’s initial public offering may look at the details provided here before making a decision. So, let’s …
The South India based company Shriram Properties has announced several key details regarding its initial public offering launching on 8 December 2021. Investors looking to put their money in this IPO should get all the details below before taking the plunge. Shriram Properties IPO Details IPO Opening Date 8 December 2021 IPO Closing Date 10 …
The public issue of mining giant Tega Industries witnessed a subscription of 219.04 times on 3 December 2021, the IPO closing date. Against the reservation of 95,68,636 shares, the company managed to gain bids for 2,09,58,69,600 shares from various investor portions. Tega Industries is the second-largest manufacturer of polymer-based mill liners and offers a wide …
