India is zeroing down on a proposal to let foreigner investors participate in the upcoming Life Insurance Corporation IPO. However, the government will limit foreign investments to a maximum of 20%, as per sources. A plan to amend the rules put forward by FDI is currently under discussion. This amendment will let investors purchase shares …
The IPO frenzy that India is currently witnessing is likely to reach new heights around Diwali as a handful of companies are preparing to go public. Paytm and Nykaa are two notable IPOs that are rumoured to go live before Diwali, pending approval from SEBI. Moreover, given the current market condition, sources close to the …
Delhivery is among the leading new age supply chain and logistics chains in India. This Gurgaon-based company converted itself into a private limited company right before filing its initial draft papers. Notably, this is a crucial mandate laid down by SEBI that companies must follow before getting listed on stock exchanges. Here’s more on this …
Digital payment platform Paytm is in touch with various global financial firms and asset managers ahead of its initial public offering. According to sources close to the matter, Japanese group Nomura, US-based asset management company BlackRock and Abu Dhabi Investment Authority (ADIA) are in talks with Paytm for investment in the IPO. Paytm has been …
The Chennai-based Radiant Cash Management Services, an integrated cash logistics player, has filed a draft red herring prospectus with SEBI for its IPO (Initial Public Offering). The Ascent Capital-backed company will raise funds worth Rs. 60 crores via issuance of new shares. This IPO will also comprise an OFS (offer for sale) of over 30 …
Emcure Pharmaceuticals has received market regulator SEBI’s nod to proceed with its initial public offering. The company filed its preliminary IPO papers back in August and obtained the observation letter on 8 December 2021. The issuance of an observation letter signifies SEBI’s formal approval for an IPO. Here’s a quick overview of Emcure Pharmaceuticals IPO. …
The Data Patterns initial public offering will begin trading on 14 Dec and will be open for two days for a subscription. The public offering consists of a Rs 240 crore fresh issue of shares and a Rs 588.2 crore offer-for-sale of 59,52,550 equity shares by selling shareholders. The price range for the offer is …
HP Adhesives public offer goes live today on 15th of December 2021 and closes on 17th December 2021. The purpose of HP Adhesives public issue is to meet capital requirements and to expand the existing manufacturing capacity of their plant located in Maharashtra and construct a new one in a proposed area. HP Adhesives Limited IPO – Summary …
As per the latest information, the Rakesh Jhunjhunwala Metro Brands IPO was subscribed 3.64 times on 14 December 2021. The footwear speciality retailer’s public issue received bids for 6,96,06,480 shares, while 1,91,45,070 equity shares were reserved in total. The company sells footwear under several of its own popular brands such as Metro, Da Vinchi, Mochi, …
Syrma SGS Technology IPO Syrma SGS Technology, a technology-focused engineering and design firm, has submitted DRHP for an IPO with the capital markets regulator. Promoter Veena Kumari Tandon has offered to sell up to 33,69,360 shares as part of the offer, which is valued Rs 926 crore. The corporation may pursue a rights issue, private …
