Travel and hospitality player RateGain Travel Technologies Ltd. is the latest addition to the list of Indian companies joining India’s IPO frenzy. The company filed papers for its initial public offering with SEBI on 17 August 2021. RateGain’s proposed IPO will comprise fresh equity shares worth Rs. 400 crores and an offer for sale. A …
Propelled by the IPO rush this year, stocks that have been listed recently have been outshining the benchmark index by the most margin over the past seven years, according to news reports. Data cited in media reports note that companies that have listed over the last two years have beaten the Nifty 50 this year …
The government-owned life insurance giant LIC plans to split its IPO into two consecutive offerings with a few months gap. This is because this IPO, through which the government expects to raise around Rs. 1 lakh crores, may be too massive for the market to absorb in one go. If the above plan is successfully …
Sudden lawsuits and surprising complaints have hit various top Indian firms planning for their IPO. Previous vendors and insiders of companies have filed these lawsuits. They have alleged the IPO-bound firms of non-payment of dues and breach of contract. Such surprise allegations have, consequently, brought much confusion and uncertainties around their IPO timeline and prospects. …
Indian Fintech and payment facilitator, Paytm is all set to launch their highly anticipated IPO in October. As expected, 2021 has proved to be a highly active year for the Indian new-age tech start-ups in the primary market. The online food-delivery company, Zomato, has already joined the stock market with healthy participation from investors. Paytm …
API Holdings Pvt., the owner of the largest online pharmacy in India i.e., PharmEasy, is planning a Mumbai IPO to fundraise nearly $1 billion. It is expected that this leading pharmacy, backed by Temasek Holdings Pte and TPG, may file its DRHP before October-end. Also, there is much speculation that the potential public offer could …
On 11 August 2021, the third and final bidding day, Nuvoco Vistas IPO was subscribed 1.71 times. The company’s initial share sale received bids for 10,70,27,492 shares from different investor categories, whereas 6,25,00,001 equity shares were reserved in total. Established in 1999, Novoco Vistas is one of the leading cement companies in India. Its diverse …
CarTrade’s initial public offering was subscribed 20.29 times by the end of its bidding day, i.e., 11 August 2021. The company’s public offer managed to receive bids for 26,31,74,823 shares against the total issue of 1,29,72,552 shares. These figures indicate that the IPO managed to garner a positive response from the investors. Through this initial …
Paytm is planning to expand the company’s employee stock ownership plan or ESOP. This news comes after the fintech firm sent a letter to its shareholders calling for an extraordinary general meeting on 2 September 2021. Here are the Details of this Plan by Paytm One97 Communications Ltd, Paytm’s parent company, has proposed to increase …
Online food delivery platform Zomato has recently released its financial statement for the April-June quarter of FY 21-22. This is the first quarterly update of Zomato since its magnificent debut in the stock market last month. Surprisingly, this company has registered a net loss of Rs. 356 crores as opposed to Rs. 99.8 crores in …
