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PharmEasy in Talks with New Investors for Pre-IPO Fund Infusion

PharmEasy in Talks with New Investors for Pre-IPO Fund Infusion

5 October 2021

As on Monday, 4 October 2021, new investors like IIFL and Steadview Capital are discussing with PharmEasy to participate in its pre-IPO funding round. A US-based hedge fund has also shown interest to participate in the same and is currently in talks with the e-pharmacy. In addition, PharmEasy has confirmed a subsequent transaction of nearly …

Cabinet Approves ECGC IPO and Rs. 4400 cr Capital Infusion

Cabinet Approves ECGC IPO and Rs. 4400 cr Capital Infusion

1 October 2021

On Wednesday, 29 September 2021, the Union Cabinet approved Rs. 4,400 crores of capital infusion in ECGC Ltd over five years. It also approved the listing of this public sector undertaking through an IPO. With this, the Government expects to increase exports by Rs. 5.28 lakh crores over the next five years and enhance ECGC’s …

Oyo Files Draft Papers with SEBI for IPO Worth over Rs. 8000 Crores

Oyo Files Draft Papers with SEBI for IPO Worth over Rs. 8000 Crores

4 October 2021

In recent news, Indian hospitality start-up Oyo filed preliminary papers with SEBI for an initial public offering worth Rs. 8,430 crores last week. Parent company Oravel Stays confirmed that the hotel chain aims to raise around $1 billion from this IPO. Part of this sale will comprise a fresh issue of shares. The rest will …

Sahajanand Medical Files for Rs. 1,500 Cr IPO

Sahajanand Medical Files for Rs. 1,500 Cr IPO

29 September 2021

Top medical devices manufacturer Sahajanand Medical Technologies (SMT) has filed its Draft Red Herring Prospectus (DRHP) with SEBI. The company aims to raise Rs. 1,500 crores through its initial public offering. As of now, SMT does not have any peers listed on the market. However, it is the second firm in the medical devices segment …

SEBI Eases Superior Voting Rights Rules for Tech Startups Considering IPOs

SEBI Eases Superior Voting Rights Rules for Tech Startups Considering IPOs

29 September 2021

An Overview SEBI, the market regulator, stated on Tuesday to loosen the rules governing the issuance of shares with superior voting rights (SR shares), which will benefit new-age technology firms. According to the Securities and Exchange Board of India (SEBI), promoters with a net worth of more than Rs 1,000 crore can have superior voting …

Waaree Energies Files DRHP with SEBI for IPO Worth Rs. 1350 Cr

Waaree Energies Files DRHP with SEBI for IPO Worth Rs. 1350 Cr

29 September 2021

Waaree Energies, a Mumbai-based solar module manufacturer, has filed its DRHP for initial public offering (IPO) comprising a fresh issue worth Rs. 1,350 crores. The issue will also have an OFS of 40,07,500 equity shares by promoters. The company intends to use around Rs. 978.36 crores to set up a 2 GW/year solar cell producing …

LIC IPO: Indian Law Firms Hesitate to Oversee LIC IPO

LIC IPO: Indian Law Firms Hesitate to Oversee LIC IPO

16 September 2021

LIC is gearing up to be the biggest IPO of India backed by the Government, where every day sets in a new development. For example, recently, the Government has come close to setting a valuation. The targeted valuation is around Rs. 10 lakh crores. However, while the Government is trying its best to launch the …

The IPO Rush: Why are so many companies going public in 2021?

The IPO Rush: Why are so many companies going public in 2021?

21 September 2021

With eleven companies going public in the month of July alone this year, everyone seems to be excited about more upcoming IPOs. The COVID 19 pandemic made the stock market feel jittery last year with major disruption of economic activities and few companies calling off their IPO plans till the market activity changed towards the end …

New IPOs: CMR Green Tech and Paradeep Phosphates

New IPOs: CMR Green Tech and Paradeep Phosphates

28 September 2021

New IPOs continue to enchant stag investors across all investment sectors. Taking a cue from the popular trend, two new companies have joined the IPO bandwagon, CMR Green Tech, and Paradeep Phosphates. Let us uncover more details about these upcoming IPOs below! CMR Green Tech IPO – Latest Development A leading metal recycling company, CMR …

Amid NSE IPO Buzz: Depository Stocks in Focus Today

Amid NSE IPO Buzz: Depository Stocks in Focus Today

28 September 2021

The National Stock Exchange (NSE), which is the largest bourse of the country, has been planning for its public offering for quite some time. It has been facing much pressure from its shareholders, who have wanted to liquidate their shares for over a decade now. It wrote to market regulator SEBI seeking permission to once …

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