Page 47 - Initial Public Offering Ipo

IPO-bound Navi appoints Meesho founder Vidit Aatrey as independent director

Sachin Bansal-led Navi Technologies on Thursday said it has appointed Vidit Aatrey, the founder of social commerce platform Meesho, as an independent director on its board. With this appointment, the number of independent directors on its board reached four. Overall, Navi's board now comprises seven members, according to the company statement. The appointed of Aatrey, effective from April 9, is subject to completion of formalities, it added. Navi has recently appointed three independent directors -- Abhijit Bose, head of India for WhatsApp; Shripad Nadkarni, a member of Maverix Platforms and FMCG veteran and Usha Narayanan who had worked with Lovelock & Lewes Chartered Accountants LLP, a member firm of PricewaterhouseCoopers -- on its board. "I am pleased to welcome Bobby (Abhijit), Shripad, Usha, and most recently, Vidit to our board. They each bring a unique perspective and I believe they will add significant strategic value to Navi as we continue to grow. These appointments ...

Venus Pipes IPO subscribed 2.3 times on first day of offer, raises Rs 49 cr

The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening on Wednesday. It closed with 2.37 times subscription on the first day

IPO to make our brand more visible and powerful: TVS SCS' Ravi Viswanathan

"Having an international investor like Exor or Gateway increases the confidence in the market because of the strong governance," said Viswanathan.

Awfis Space Solutions eyes IPO by next year; plans to raise Rs 500-600 cr

After surviving the pandemic, Awfis is on an expansion mode. From 50 centres with 30,000 seats in 2015, it has more than doubled its capacity to 131 centres and 75,500 seats

LIC IPO subscription to stay open on Saturday for retail investors

Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price

LIC IPO: Over 70% of anchor allotment made to domestic mutual funds

LIC raises a total of Rs 5,627 crore in anchor book; overseas funds pour in just Rs 1,624 crore

LIC IPO: Irdai raises investment limit for insurers in BFSI sector to 30%

This could free up more funds to invest in the largest IPO, say industry insiders

Uniparts India files preliminary papers with Sebi to raise funds via IPO

According to the Draft Red Herring Prospectus (DRHP), the initial share sale is entirely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group entities and existing investors.

Unique features of LIC IPO: Policyholder quota, differential discount

Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday

'65 million PAN numbers have been linked to LIC policies', says M R Kumar

The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar

Failed to link PAN to policy? Apply for LIC IPO under retail/staff quota

Compared to Rs 60 discount under policyholder quota, you will get Rs 45 discount under these

Sebi says no to 'upsizing' option in LIC share sale; allows few exemptions

But allows a few exemptions, such as a 30-day lock for anchor investors

Lower dilution may dash LIC's marquee index inclusion hopes

For a quick entry into the Sensex, a company needs to rank among the top 10 in terms of free-float market cap.

Most large global investors may give LIC's initial public offering a miss

But would consider investment after assessing post-listing performance

Govt plans to raise nearly Rs 30,000 crore through mega LIC IPO

The Indian government has pegged LIC's valuation at around Rs 6 trillion, according to the sources

LIC IPO size may be cut to Rs 21K cr; issue likely to hit market on May 2

The insurance giant's valuation may be reduced to just Rs 6 trillion, which will be 1.1 times its embedded value of Rs 5.4 trillion

Regulatory changes set to change the way wealthy individuals invest in IPOs

IPO application patterns set to change as investors adjust to new realities

IPO-bound LIC plans to cross-sell policies via housing finance arm

This would be by selling insurance products to home buyers who avail loans from LIC Housing Finance

Biba Fashion files for IPO; Warburg Pincus, Faering to divest stakes

Launched in 1986, the company's flagship brand 'BIBA' is a 'category creator' in the women's Indian wear segment.

After 2021 boom, how 2022 could be a year of reckoning for Indian startups

After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations