WebinarsNew
Deep DiveNew
Explore Business Standard
Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, sources familiar with the development said on Wednesday. The company is targeting a valuation of around USD 5 billion through the public offering, they added. The development comes after Razorpay submitted its draft IPO papers with Sebi through the confidential route in June, initiating the process to tap the public markets. Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay offers payment acceptance, banking, payouts, payroll, lending and other financial services through an integrated platform. The company serves millions of businesses across India, ranging from startups and small and medium enterprises to large corporates. Razorpay attained unicorn status in 2020 and has since expanded beyond payments into a broader financial services ecosystem for businesses. Its offerings enable merchants to manage collections, payouts, payr
Fintech firm Razorpay has secured approval from markets regulator Sebi for its proposed initial public offering (IPO) of Rs 5,000-6,000 crore, sources familiar with the development said on Wednesday. The company is targeting a valuation of around USD 5 billion through the public offering, they added. The development comes after Razorpay submitted its draft IPO papers with Sebi through the confidential route in June, initiating the process to tap the public markets. Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay offers payment acceptance, banking, payouts, payroll, lending and other financial services through an integrated platform. The company serves millions of businesses across India, ranging from startups and small and medium enterprises to large corporates. Razorpay attained unicorn status in 2020 and has since expanded beyond payments into a broader financial services ecosystem for businesses. Its offerings enable merchants to manage collections, payouts, payr
Three leading global beverage companies - Carlsberg, Pernod Ricard and The Coca-Cola Company - are advancing their plans for potential listings of their Indian businesses, albeit at different stages, as they prepare to tap the domestic capital market and join the growing pipeline of large offerings. In their latest earnings calls, top executives from the three companies outlined progress on their respective listing plans, with Carlsberg filing an updated draft red herring prospectus, Pernod Ricard continuing preparatory work pending board approval, and Coca-Cola exploring a potential IPO of its Indian bottling operations. The developments underline the growing interest among multinational beverage companies in unlocking value from their Indian operations through public listings, although the proposed offerings remain subject to varying regulatory, corporate and market-related considerations. Among them, Danish brewer Carlsberg is the furthest along, having filed an updated draft red
Three leading global beverage companies - Carlsberg, Pernod Ricard and The Coca-Cola Company - are advancing their plans for potential listings of their Indian businesses, albeit at different stages, as they prepare to tap the domestic capital market and join the growing pipeline of large offerings. In their latest earnings calls, top executives from the three companies outlined progress on their respective listing plans, with Carlsberg filing an updated draft red herring prospectus, Pernod Ricard continuing preparatory work pending board approval, and Coca-Cola exploring a potential IPO of its Indian bottling operations. The developments underline the growing interest among multinational beverage companies in unlocking value from their Indian operations through public listings, although the proposed offerings remain subject to varying regulatory, corporate and market-related considerations. Among them, Danish brewer Carlsberg is the furthest along, having filed an updated draft red
Five companies, including EAAA India Alternatives, SFC Environmental Technologies, and M K Sons Fine Jewels, are set to launch their initial public offerings (IPOs) next week, seeking to raise close to Rs 2,600 crore from the primary market. BLS Polymers and Bombay Coated and Special Steels would also float their maiden public offerings during the week. Separately, several other companies, including Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech and AGS Health, are in the pipeline for IPO, according to merchant bankers. These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat, where markets and business activity are likely to be affected by the post-Diwali observance of Labh Pancham from November 6 to 15, they added. The upcoming issues follow a busy month for the primary market, which saw Jio Platforms launch the country's biggest-ever pub
Five companies, including EAAA India Alternatives, SFC Environmental Technologies, and M K Sons Fine Jewels, are set to launch their initial public offerings (IPOs) next week, seeking to raise close to Rs 2,600 crore from the primary market. BLS Polymers and Bombay Coated and Special Steels would also float their maiden public offerings during the week. Separately, several other companies, including Gujarat Victory Forging, Milestone Gears, Avaada Electro, Swara Baby Products, Integris Medtech and AGS Health, are in the pipeline for IPO, according to merchant bankers. These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat, where markets and business activity are likely to be affected by the post-Diwali observance of Labh Pancham from November 6 to 15, they added. The upcoming issues follow a busy month for the primary market, which saw Jio Platforms launch the country's biggest-ever pub