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Zomato IPO’s valuation raises questions on judging tech platforms

Zomato IPO’s valuation raises questions on judging tech platforms

13 July 2021

The much-anticipated Zomato IPO subscription, which is all set to open from July 14 to July 16, is creating a buzz and with good reason. The food delivery company’s IPO is sized at Rs 9375 crore and the company is valued in the Rs 60,000 crore or $8 billion range, with experts observing that the valuation …

Popular Vehicles and Services Files DRHP with SEBI for Upcoming IPO

Popular Vehicles and Services Files DRHP with SEBI for Upcoming IPO

11 August 2021

Popular Vehicles and Services Ltd. approached markets regulator SEBI on 4 August 2021 with draft papers to raise funds via an IPO. The initial public offering will consist of a fresh issue of shares amounting to Rs. 150 crores. It will also include an offer for sale (OFS) by existing company shareholders. About Popular Vehicles …

Rainbow Children’s Medicare IPO Subscribed 12.43 Times on Day 3!

Rainbow Children’s Medicare IPO Subscribed 12.43 Times on Day 3!

29 April 2022

The IPO of Rainbow Group was subscribed 12.43 times as of 29 April 2022 or the closing day. It comprises a total of 25,49,00,439 bids against an offer of 2,05,14,617 equity shares to its investors, based on the official portal of NSE. With the offer for sale in this public issue, Dinesh Kumar Chirla, Padma …

LIC IPO: 7 Tips to Increase Your Chances of Allotment

LIC IPO: 7 Tips to Increase Your Chances of Allotment

25 April 2022

The initial public offering of LIC (Life Insurance Corporation) is going to be the biggest one that India has ever witnessed so far. Several individuals across the nation have bought policies from this company just to be eligible to participate in this event. With such hype and enthusiasm among investors, one should be aware of …

LIC IPO Subscribed 2.93 Times on Final Bidding Day

LIC IPO Subscribed 2.93 Times on Final Bidding Day

9 May 2022

The public offering of India’s largest life insurance provider, LIC, was subscribed 2.93 times on 9th May 2022, the final bidding day. The company acquired bids for 47,50,61,265 equity shares against an issue size of 16,20,78,067 shares. LIC is a government-owned company offering insurance products as well as non-participating products, which include ULIPs, term insurance …

Campus Activewear IPO Available From April 26-28

Campus Activewear IPO Available From April 26-28

26 April 2022

Campus Shoes IPO Campus Activewear Ltd, founded on September 24, 2008, specializes in the production, distribution, and sale of athletic and athletic-inspired footwear. In FY21, it was one of India’s leading sports and athleisure footwear brands in terms of value and volume, with a 17 percent market share in this category. In FY20, revenue increased …

Campus Activewear IPO Records 87% Subscription on Day 1

Campus Activewear IPO Records 87% Subscription on Day 1

26 April 2022

Campus Activewear, the leading athleisure and sports brand in India, aims to fetch around Rs. 1,400 crores from its public offer. On 25 April 2022, the IPO has already raised Rs. 418.3 crores from anchor investors. The issue has obtained bids for 2.92 crore equity shares against an offer of 3.36 crores equity shares. Learn …

Bombay High Court Refuses to Stay LIC’s Proposed IPO

Bombay High Court Refuses to Stay LIC’s Proposed IPO

19 April 2022

A few policyholders from Nashik seeking a stay on the anticipated LIC IPO were denied ad-interim relief by the Bombay High Court. The High Court heard a petition to overturn revisions to the Life Insurance Corporation Act of 1956 enacted by the Finance Act of 2021. The petitioners also requested an ad-interim suspension of the …

Government Amends FEMA Rules to Enable 20% FDI in LIC

Government Amends FEMA Rules to Enable 20% FDI in LIC

18 April 2022

The government has modified the Foreign Exchange Management Act’s limits, enabling up to 20% foreign direct investment in the insurance giant LIC. The administration seeks to sell a part of its LIC stock in an IPO. In February, the LIC filed the DRHP for the IPO with the markets regulator SEBI. Last month, SEBI accepted …

DIPAM Plans to Meet Investment Bankers to Discuss LIC IPO

DIPAM Plans to Meet Investment Bankers to Discuss LIC IPO

13 April 2022

DIPAM (Department of Investment and Public Asset Management) states that the LIC IPO is going to be the biggest initial public offering that the Indian stock market has ever witnessed. In fact, after the largest insurer in the country lists its shares on the bourses, the company’s market valuation may climb up to the ranks of …

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