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Zomato Raised $562 m from 186 Anchor Investors ahead of its IPO

Zomato Raised $562 m from 186 Anchor Investors ahead of its IPO

16 July 2021

Zomato IPO has opened on 14 July 2021. The online restaurant aggregator had announced its plans to raise more than $560 million from anchor investors before its IPO. India’s top online food delivery platform, on Tuesday, informed that it has raised $562.3 million from 186 anchor investors. The amount raised comprises about 45% of its total …

Pension Money Will Soon be Allowed into IPOs

Pension Money Will Soon be Allowed into IPOs

27 July 2021

The Chairman of PFRDA, Mr. Supratim Bandyopadhyay, has mentioned in his recent interview that they are drafting new rules allowing pension fund managers to invest in the open market. These rules, when finalised, will enable fund managers to invest in IPOs, and listed companies as they deem fit. Why this Sudden Change? As per current …

Flipkart raises a whopping $3.6 billion privately through a pre-IPO round

Flipkart raises a whopping $3.6 billion privately through a pre-IPO round

23 July 2021

As Flipkart gears up to list publicly, it has already raised a whopping $3.6 billion through a pre-IPO round, which is the most by any e-commerce company. This news comes exactly 3 years after Walmart acquired a majority stake of the online storefront. The monumental acquisition in 2018 came after Walmart injected $16 billion in …

Upcoming IPO in August 2021

Upcoming IPO in August 2021

27 July 2021

The Indian economic recovery has begun in earnest as lockdown restrictions are easing across various states in India. Following suit, the stock market is also performing steadily. Amidst such optimistic signs, companies are now lining up with their IPOs, and August is expected to be a busy month as well. IPOs in the Fiscal Year …

Clean Science and Technology: IPO Share Allotment Status

Clean Science and Technology: IPO Share Allotment Status

14 July 2021

The second week of July has proved to be a busy one in terms of companies going public and their share allotments being disclosed. Initial public offering (or IPO) dealings are in full swing, and this week is crucial for those interested in understanding the status of the share allotment for IPOs brought forth by …

LIC IPO: An overview of LIC’s financials in FY21

LIC IPO: An overview of LIC’s financials in FY21

20 July 2021

LIC of India is planning to go public by the end of this financial year. The proposed IPO is going to be the biggest share sale in India. Per Chief Economic Adviser, K.V. Subramanian, the LIC IPO could bring in nearly Rs. 1 lakh crores for the government. For this IPO, GOI permitted to raise …

LIC IPO may hit markets by Jan 2022: Might include fresh equity share issues alongside govt. stakes

LIC IPO may hit markets by Jan 2022: Might include fresh equity share issues alongside govt. stakes

20 July 2021

The government’s decision to divest LIC is part of its plan to churn out Rs. 1.75 lakh crores by selling assets of state-run entities within this financial year. Founded in 1956, the Life Insurance Corporation of India is the largest state-run life insurer. The government had declared the proposal to sell minority shares of LIC …

OYO is gearing up for public offering amid recent IPO frenzy: All you need to know

OYO is gearing up for public offering amid recent IPO frenzy: All you need to know

22 July 2021

Hospitality firm OYO says that it is already conducting background work to launch its initial public offering (IPO). However, the decision to go ahead will depend on several factors, including market readiness, market appetite, COVID recovery, and the company’s internal readiness. About the company OYO is an Indian multinational chain of franchised and leased hotels, …

LIC Reserves 10% In the IPO For Customers: Why Is It Good News?

LIC Reserves 10% In the IPO For Customers: Why Is It Good News?

27 July 2021

Policyholders are likely to receive a 10 percent reservation in the upcoming LIC IPO. Depending on the fixed price band, policyholders will also receive the IPO shares at a discounted rate. LIC IPO, expected to launch during the last quarter of the current financial year, is one of the most talked-about IPOs. It will be …

Delhivery expects to raise around $500 million via IPO: Listing in the next 5-7 months

Delhivery expects to raise around $500 million via IPO: Listing in the next 5-7 months

22 July 2021

One of India’s technologically advanced new-age supply-chain and logistics start-ups, Delhivery is gearing up for its IPO between December 2021 and March 2022. Even though the details of its IPO are yet to be finalised, it is expected to be around $400 million to $500 million. Delhivery is on course to join a series of …

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