For almost two years, India has been preparing for the country’s biggest-ever stock listing. The country’s largest insurer, Life Insurance Corporation of India (LIC), has assets of more than $500 billion. The main element causing a delay in the LIC IPO is a complication in the valuation. LIC, which has over two thousand branches and …
Sresta Natural Bioproducts, an organic food products business backed by VenturEast and Peepul Capital, has filed draft documents with the capital markets regulator SEBI to acquire money via a public offering. The first public offering would include a new issuance of Rs 50 crore in shares as well as an offer-for-sale of 70.3 lakh equity …
About Kotak Pre-IPO Opportunities Fund The Kotak Pre-IPO Opportunities Fund focuses on targeting the fintech, IT, health-tech, ed-tech, and SaaS sectors. It will locate such companies and prefer investments ranging from Rs. 25 crores to Rs. 200 crores. So far, the fund has made investments amounting to Rs. 653 crores spread across five deals. It …
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 …
According to reports, the finance ministry wants to send a statement that the insurance giant is better positioned to forecast future dangers and possibilities. The ESG score instructions to IPO executives come at a time when SEBI is looking at regulatory and supervisory measures for ESG issuers. The term “ESG rating” refers to the public …
Delhivery’s Future-Ready Investment Plans Delhivery plans to join forces with Falcon Autotech to develop and integrate improved automated solutions for warehousing and transport operations. Falcon Autotech provides intralogistics automation solutions among various other services in the warehousing and logistics space. Delhivery mentioned that its deal with this company is in order to move ahead with …
Sanathan Textiles has filed a DRHP through capital markets regulator SEBI in order to raise money via an IPO. The IPO consists of a new offering of Rs 500 crore by the firm and a promoters’ offer to sell 1.14 crore equity shares. It is entirely owned by the promoters. Ajaykumar Dattani owns 26,59,500 equity …
The DPIIT or Department for Promotion of Industry and Internal Trade has recently mentioned approaching the Union Cabinet for relaxation in the FDI policy to accommodate LIC’s public market debut. DPIIT Secretary Anurag Jain has been in discussion with the Department of Investment and Public Asset Management, i.e. DIPAM, and the Department of Financial Services, …
About Five Star Business Finance IPO Five Star Business Finance filed the draft papers with market regulator SEBI in November 2021. Reportedly, the company is seeking a valuation of around $3 billion post IPO launch. According to its DRHP, Five Star Business Finance is looking to mop up as much as Rs. 2,751.95 crores via …
A Close Look into the IPO As per sources close to the developments, Biba Apparel is looking to raise around Rs. 1,500 crores to Rs. 2,000 crores through its public offering. This IPO will likely be a combination of both primary and secondary issues of equity shares. The fashion firm is expected to file its …
