Initial Coin Offerings

MOSL has thus valued Reliance Industries' stake in JPL at ₹7.91 trillion or $90 billion. JPL's enterprise value (EV; equity plus debt) has been pegged at $151 billion by the domestic brokerage

E-commerce platform Meesho files confidentially for a Rs 4,250 crore IPO, as it seeks a September debut and challenges Flipkart and Amazon's market dominance.

The approved restructuring will boost Udaan's agility and open up various financing avenues, including the ability to pursue an IPO in India by 2026, according to sources.

Car services and repair platform GoMechanic expects over three-fold rise in net revenue to Rs 700 crore by 2027 and thereafter go for public listing, a top official of the company said. GoMechanic Co-Founder and CEO Himanshu Arora told PTI that the company at present has around 3 per cent market share and aims to raise it to 10 per cent in the next three years. The company is also looking to diversify offerings, foraying into the two-wheeler and electric vehicle services segment. "We sit at about 3 per cent of the market share right now and to be servicing every 1 car out of ten would be around 10 per cent by 2027. By 2027, we expect our brand to generate approximately Rs 700 crore in revenue. We believe that an IPO is a natural next step for GoMechanic's growth story," Arora said. The company at present provides services through 800 garages across 125 cities and plans to scale up to 2,500 garages across 500 cities by 2027. GoMechanic was acquired by Servizzy, a subsidiary of the

The initial public offering (IPO) of PropShare Platina, the country's first SM REIT scheme, was subscribed 1.2 times on the final day of bidding on Wednesday. PropShare Platina is the first scheme of SM-REIT -- Property Share Investment Trust. The issue received bids of 4,002 units against the offered 3,353 units, according to data available on the stock exchange. Institutional Investors portion and non-institutional investors part were subscribed 13 per cent and 4.37 times, respectively. The IPO is entirely a fresh issue of Platina units with no offer for sale (OFS) component. The price band for the issue is Rs 10 lakh to Rs 10.5 lakh per unit, Property Share Investment Trust (PSIT) had said in a statement last month. Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust, had last month said the Rs 353-crore initial public offering (IPO) of PropShare Platina will open on December 2. Proceeds of the IPO are proposed to be utilise

Primary markets remain buzzing with several public offerings. Here are the full details of the upcoming IPO activities for next week:

The investors who applied for the issue can check India Shelter IPO allotment status in the registrar's portal, and on the website of stock exchanges, BSE and NSE

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

The slump comes on the back of fading risk appetite for equities as global central banks prepare to tighten monetary policy to quell inflation

We see a possibility of the Indian government considering forming a panel to regulate cryptocurrencies as digital assets than tokens, Gupta said

Slowdown, volatile market loom over maiden offerings worth Rs 16,500 crore

NEW YORK (Reuters) - Digital currency sales jumped to $13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017, according to a report released on Thursday by PwC's strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association.