The firm has plans to raise up to $1 billion through an IPO
The Rs 7,240-cr issue received just 79% subscription before I-bankers stepped in
Anand Rathi Wealth IPO subscribed 1.5 times on opening day
At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years
Hopes to regain pre-Covid level of $60 million ARR in FY22
Popular is set to be the first Indian auto dealership in a highly fragmented market to list
Price band Rs 443-453 per share. At the top-end, company is valued at about 22x it FY21 earnings and will have a market cap of Rs 3,000 cr
Not even a single domestic institutional investor has applied for the IPO so far, data disclosed by stock exchanges shows
As per the proposed plan, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders
The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing the transaction size at Rs 194 crore
Also, the company aims to increase its customer base to 10 million by the end of FY2022 from 7 million currently, Upstox said in a statement.
Offer closes on Thursday. IPO is the third-biggest this year and 8th biggest ever to hit domestic market
Snapdeal would become the largest tech company to test investors' appetite for IPOs after the disastrous debut of Paytm's parent, One 97 Communications Ltd
The IPO is entirely an offer for sale of 12 million shares; promoter entities Anand Rathi Financial Services, Anand Rathi and Amit Rathi are selling
The IPO will be open for subscription from November 30 to December 02, in the price band of Rs 870 to Rs 900
Others include VLCC Health Care and Metro Brands
As many as 10 companies, including Gemini Edibles & Fats India, defense supplier Data Patterns (India) Ltd, and digital mapping company MapMyIndia have received markets regulator Sebi's go-ahead
Two companies Star Health and Allied Insurance Company and Tega Industries are set to float their initial public offerings (IPOs) next week to cumulatively raise Rs 7,868 crore
Tega Industries, manufacturer of consumables for the mining industry, on Friday said it has fixed a price band of Rs 443-453 a share for its Rs 619-crore initial share-sale.
The counsel for the petitioner claimed that the boy was a retail investor who was seeking a framework to ensure proper functioning of the securities market