GPT Healthcare Ltd. is going the IPO way. This group, which owns the ILS Hospital chain in Eastern India, is ready to file its DRHP with SEBI. Below is a brief rundown of their story. Key Takeaways from the GPT Healthcare IPO GPT Healthcare Ltd. IPO is releasing a fresh issue worth Rs. 17.50 crores …
India’s capital market regulator Securities and Exchange Board of India, has proposed the utilisation of IPO funds. The target here is to limit the funds raised via IPOs that firms can use for the purpose of mergers and acquisitions unless they are clearly stated beforehand. Additionally, monitoring the funds reserved for general corporate purposes is …
Online pharmacy retailer PharmEasy closed its recent round of funding by accumulating about $350 million. This is a pre-IPO round of funding before the company files its Draft Red Herring Prospectus with SEBI. In its primary round of funding, the company raised nearly $204 million from multiple investors that include – Amansa Capital of Singapore …
LIC’s initial public offering is set to be the biggest IPO ever in India, with an issue size ranging between Rs. 80,000 to 1,00,000 crores. This public offering is scheduled for March 2022. According to DIPAM secretary Tuhin Kanta Pandey, bonuses promised to policyholders will remain unaffected after the listing, even as the yearly surplus …
The Securities and Exchange Board of India has given its nod for the IPOs of three firms, including Mobikwik, SJS Enterprises and Skanray Tech. These three companies received observations by the watchdog, as per the updated status of draft offer documents on 8th October 2021. An observation letter is necessary for a company’s IPO. Further, …
The initial share sale of prime labware products manufacturer Tarsons Products concluded for subscription on 17 November 2021. This IPO saw strong demand from investors on the closing date, garnering a massive subscription of 77.49 times. The size of the issue, amounting to Rs. 1,023.47 crores consisted of fresh issue of equity shares worth Rs. …
Zostel Hospitality Pvt. Ltd, owner of ZO Rooms and Zostel Hostel has recently written to the Securities and Exchange Board of India. The hospitality company urged the market regulator to reject the Draft Red Herring Prospectus filed by Oravel Stays Ltd. Oravel operates Oyo and is its parent firm. Zostel requested SEBI to cancel the …
You may know that recently Destiny Logistics Infra has announced its IPO. The offer window opened on September 30, 2021, and will close on October 5, 2021. Underwriters have already shared all the details about the offer. So, if you want to know more about this September IPO and whether it is a good investment …
The IPO market has been witnessing an upswing in FY2021-2022, not just in India but in markets across the world. In the first nine months of 2021, the global IPO market has managed to rake up a whopping $330.6 billion, of which Indian IPOs comprise about 3%. Following is a look at a few interesting …
Abans Holdings is closely involved with business services activities and is a leading company in this space. The company has filed its DRHP to derive the benefits of getting listed on the stock exchange and raise funds through an initial public offer. As per the draft paper, the upcoming IPO will comprise new share issuance …
