India’s leading digital payment platform, Paytm, is mulling to scrap its pre-IPO share sale worth around Rs. 2,000 crores ahead of its planned IPO. As per people familiar with the internal developments, valuation differences have compelled Paytm to reconsider its decision for a pre-IPO sale. Paytm might choose to avoid the pre-IPO share sale and …
One of India’s premier beauty and wellness product retailers FSN E-Commerce Ventures Ltd (Nykaa), is going live with its public issue on 28 October 2021. The IPO will remain open for 3 days and close on 1 November 2021. As per reports, the company has plans to generate about Rs. 5,200 crores and this will …
India’s leading digital payment platform Paytm, has finally received the green signal from market regulator SEBI to float its initial public offering worth Rs. 16,600 crores. If Paytm manages to raise its IPO target, it will overtake Coal India‘s IPO in 2013 where the government entity raised over Rs. 15,000 crores. SEBI cleared the IPO …
Fino Payments Bank Ltd. will be opening its initial public offering (IPO) on 29 October and closing on 2 November 2021. This IPO will consist of freshly issued equity shares of Rs. 300 crores and an OFS of 15.6 million shares by the existing stakeholders. The fintech company may consider a pre-IPO placement of up to Rs. …
The government of India has asked its valuers and advisors to discover whether LIC (Life Insurance Corporation of India) should be valued at Rs. 10 trillion or even more. This came after an outstanding Zomato IPO, via which it gained a Rs. 1 trillion valuation. Further, the government is also looking to discharge around a …
FSN E-Commerce Ventures Ltd., the operator of the online platform for wellness and beauty products Nykaa, raised as much as Rs. 2396 crores via anchor investors. Nykaa made this announcement on 27 October 2021, a day before the opening date of its IPO. Moreover, after consulting with its merchant bankers, the company opted to allocate …
One97 Communications, Paytm’s parent company, will be launching its IPO on 8 November 2021, Monday. The Noida-based company is seeking a valuation of $20 billion at a price band of Rs. 2,080-2,150 per share. For individuals who are interested in applying for this upcoming initial share sale, it is vital to know the details of …
Capital market governing body, SEBI, has given a ‘go-ahead’ to Fino Payments Bank and Popular Vehicles and Services Limited to initiate their IPO proceedings. Both the companies have recently received the approval, i.e. observation letter, to go public. Observation letters are compulsory for initial share sales, and as per SEBI’s parlance, this letter signifies a …
Non-Banking Financial Companies (NBFCs) have started to issue ultra-short-term commercial documents since the beginning of this week. The sole objective here is to raise money as quickly as possible for the ongoing as well as the upcoming IPOs. Know About the IPO Scene With two ongoing initial public offers and four more to go live …
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 …
