Initial Coin Offering

US-based staffing and technology solutions provider Tryfacta has won two contracts under NASA's Solutions for Enterprise-Wide Procurement (SEWP) programme, giving it greater access to federal IT business opportunities through 2036. The company, which recently filed draft papers for a proposed USD 100-150 million IPO at GIFT City, Gujarat, said it won contracts under Category B (Enterprise-Wide IT Service Solutions) and Category C (IT Mission-Based Services), enabling it to compete for federal IT task orders across US government agencies through a pre-competed procurement channel. The multiple-award, have a 10-year ordering period from November 1, 2026, to October 31, 2036. Each contract carries a maximum value of USD 20 billion. With the awards, Tryfacta will be eligible to bid for task orders covering enterprise IT services, cybersecurity, cloud transformation, application development, AI-driven automation, data analytics and programme management support. Earlier this month, Tryfa

Agarwal outlines why the next cycle will reward quality over quantity and which sectors are best placed to attract capital

FMCG distributors' body AICPDF has asked Sebi to pause or tighten IPO approvals for loss-making quick commerce firms such as Zepto, citing cash-burn pricing and ongoing CCI proceedings.

The company stated that the funds raised through the IPO will be used to support ongoing expansion efforts to fully tap into the growth potential of the business

Eco-friendly paper manufacturer Silverton Industries has filed draft papers with markets regulator Sebi seeking its approval to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 129.4 crore would be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. An additional Rs 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, Rs 72 crore for the payment of debt and the remaining funds for general corporate purposes. Silverton Industries is into manufacturing and marketing of eco-friendly ...

Transrail Lighting IPO listing: On BSE, the shares listed at Rs 585.15 per share, reflecting a premium of Rs 153.15, or 35.45 per cent, which was in line with market expectation

Singapore's Temasek invests $60 million in Upgrad, maintaining a $2.25B valuation, while founder Ronnie Screwvala increases his stake to 45 per cent amid strategic changes for growth

Rudrabhishek Enterprises Ltd (REPL), which offers consultancy for integrated urban development and infrastructure, has received registration for Small and Medium Real Estate Investment Trusts (SM REITs) from market regulator SEBI. The approval is under the name ImpactR SM REIT, REPL said in a statement on Thursday. This is the second SM-REIT in India to receive this registration following the new regulations. "We will soon be launching our first IPO (Initial Public Offering) under ImpactR SM REIT. Moving forward, we plan to expand beyond traditional residential and commercial assets, introducing diverse asset classes such as warehousing, hospitals, hotels, and industrial spaces," said Pradeep Misra, CMD of REPL. SEBI first notified the regulations for SM-REITs on March 8, 2024, setting out a regulatory framework aimed at streamlining Fractional Ownership Platforms (FOPs) and enabling wider participation in real estate investments. With this registration, REPL will serve as the ...

The initial public offer of SoftBank-backed Unicommerce eSolutions got subscribed 12.22 times on Wednesday, the second day of subscription. The IPO received bids for 17,20,68,750 shares against 1,40,84,681 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) attracted 35.54 times subscription while the quota for non-institutional investors got subscribed 19.50 times. The Qualified Institutional Buyers (QIBs) part received 80 per cent subscription. The initial public offering (IPO) of Unicommerce eSolutions got fully subscribed within hours of opening for subscription on Tuesday. The issue, with a price band of Rs 102-108 a share, is open for public subscription from August 6-8. Unicommerce eSolutions on Monday said it has garnered over Rs 124 crore from anchor investors. The issue is entirely an offer-for-sale (OFS) of up to 2.56 crore equity shares valued at Rs 276.6 crore at the upper end of the price band. Therefore, the

The shares of Suraj Estate Ltd are available at a premium of Rs 70 in the grey market on Monday, which is Rs 14 higher from its weekend GMP of Rs 56

LIC IPO saw 2.95 times more demand than the shares on offer on the final day of bidding

Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios

In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020

With the cryptocurrency market nearly 80 percent off its peak, a critical question is exactly how much the ICO boom has deflated

There are many ways to structure your ICO or digital token sale

ICOs are typically built on the technology of another cryptocurrency called Ethereum

Online fund-raising has made it easier than ever to raise large sums