Yes Bank is aiming to launch IPOs (Initial Public Offering) worth Rs 80 billion to raise its tire-1 capital ratio to 10 percent from existing 6. 3 percent. News floated in the market that the bank is looking to raise public funds to reinforce its capital position. It’s worth mentioning that the bank’s shares tanked …
In the latest development, leading online used car seller Vroom has filed to go public. It plans to list in Nasdaq Global Market under the symbol, VRM. Vroom’s rival Carvana Co. went public in 2017. Vroom’s profit in the recent quarter increased by 160 percent after online trade surged amid the CoronaVirus outbreak and customers …
Compared to the previous two years, the number of IPOs hitting the markets this year has been scarce, to say the least. The financial markets have already witnessed one major IPO getting cancelled in view of the worsening economic situation due to the COVID-19 pandemic. Unfettered by this rough patch, NCDEX has gone ahead with …
The COVID-19 pandemic sweeping across the world has caught everyone unawares. No one among the policymakers, businesses and the larger public was prepared to deal with the highly infectious disease. Without any available treatment, governments reacted by shutting down large parts of the economy to stop the spread of the novel coronavirus that causes the …
As of March 16th, Burger King India decided to delay its Initial Public Offering as the Indian equity market appears to be in the throes of widespread panic regarding COVID-19. Later in March of 2020, the company was set to launch an initial public offering of ₹10 billion ($134.61 million)m according to Reuters. However, seeing the …
Quick service restaurant chain and fast-food giant Burger King India has received SEBI approval to go public. Burger King is already a 202 restaurant strong brand. Outlets can be found at strategically handpicked locations such as metro stations and key shopping-dining hotspots among other high footfall locations. It has achieved this presence within about six years, …
Antony Waste Handling Company (AWHCL)is primarily engaged in the management of Municipal Solid Waste (MSW). It specifically provides its services to Indian municipalities through the collection, transportation, processing, and disposal of solid waste from these areas. Collection and transportation make up 60% of its revenue, while processing makes up the remaining 40% of it. Its …
SBI Cards is the largest issuer of credit cards in India. Credit card expenditures in India grew by 32% each year to a whopping ₹6.1 trillion between 2016 and 2020. Given its dominant position within the domestic market for credit cards with a strong parent company keeping tabs on it, SBI Cards is in an …
Established in 1998, SBI Cards & Payments Services Limited is one of the only two NBFCs registered as issuers of credit cards. And with its Initial Public Offering (IPO) scheduled to open on March 2, 2020, SBI Cards is poised to become the only listed company in its industry. The NBFC is a subsidiary of …
After a fairly long lull of over 5 years between 2010 and 2015, IPOs are back in the reckoning over the last couple of years. Apart from quality IPOs like Alkem, Dr. Lal Pathlabs, Interglobe Aviation, Avenue Supermart and Sankara Building Products that performed exceedingly well after their listings, IPOs on an average have performed …
