Paytm’s parent company One97 Communications, has headed over to anchor investors and raised Rs. 8,235 crore. Many of the top investors and wealth funds participated in the anchor rounds. The round was oversubscribed ten times. Here is a brief rundown of the story. Key highlights from Anchor Investor rounds for Paytm Top investors and wealth …
Paytm, one of India’s leading digital payment start-ups, is going public with the biggest IPO to date. Valued at about Rs. 18,000 crores, this public issue has created a buzz in the market since its announcement. Being an unprofitable business, the world’s largest asset management firm BlackRock Inc. sees potential in this IPO. But, what …
The IPO frenzy in India seems to have lured foreign investors as well to the mix. At the start of November, a closed-door meeting was held between FPIs (Foreign Portfolio Investors) and SEBI (Security Exchange Board of India) to relax some of the IPO rules that prevent FPIs from getting a more significant chunk of …
Mumbai-based e-commerce firm, Purplle is planning to float its initial public offering in the next 3-4 years. The online beauty and wellness store operator made this announcement just after Nykaa launched its initial share sale. To know more about what lies ahead for Purplle, read on. Purplle Aims to Keep on Building Momentum The CEO …
API Holdings, the parent company of PharmEasy, is ready to file a draft red herring prospectus in the coming 7-10 days for an IPO worth Rs. 6,000 – 7,000 crores. This IPO will be a potential full primary share sale. Find more about this topic here. PharmEasy To Join a Pool of Top-Tier Start-ups With …
Foreign portfolio investors (FPIs) have reportedly withdrawn Rs 12,278 crore from the markets. According to data from the depositories, FPIs have invested a little over Rs 1,272 crore in debt while withdrawing Rs 13,550 crore in the equities segment. Following the withdrawal in October, news reports suggest that the net investments of FPIs for this calendar year …
The public issue of Latent View Analytics will be opening for subscription on 9 November 2021, Tuesday. The data analytics company had filed their draft prospectus with SEBI to raise funds of around Rs. 600 crores via an initial share sale. The initial public offer will consist of freshly issued equity shares amounting to Rs. …
India seems to have become an IPO capital globally with a slew of big-ticket IPOs that organisations have announced. There are 5 big firms ready to take their plunge on the bourse in November. Let’s take a look at this full story! Key highlights of the IPOs opening in November The 5 companies that are …
Alok Bansal and Yashish Dahiya, founders of PB Fintech, the parent company of PolicyBazaar, have substantially reduced the number of shares they are promoting via offer for sale (OFS) in their IPO set to open on 1 November 2021. Sources known to the matter mentioned that the elevated interest for tech IPOs and scope for …
Investors who rely on external funding to subscribe to IPOs may end up paying two times the interest rate than what they used to as RBI is tightening the rules around it. As the demand for funds for this purpose is on the rise and liquidity tightens, the interest rates have amplified from 6%-7% to …
