The company intends to list its equity shares on one or more stock exchanges to enable shareholders with a formal marketplace for dealing with equity shares
The initial public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 equity shares by promoters and investors
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees
The IPO is purely an offer for sale of 36,364,838 equity shares by promoter and existing shareholders
The Bangalore-headquartered company could close the pre-IPO fundraising in a few weeks at a valuation of about $21 billion
The sale, which is set to be the country's biggest, could value the company at as much as $261 billion, surpassing Reliance Industries Ltd.
Vijaya Diagnostics, Arohan Financial Services, Penna Cement, Shri Bajrang Power and Ispat are the companies likely to come out with their IPOs in September
Overall, HNIs have profited in 16 out of 27 IPOs in 2021
Aptus Value Housing Finance, Chemplast Sanmar latest to make tepid debuts
The government is also planning a big advertisement campaign for the listing of the IPO
The listing process in India is unfair to the people who are building new firms
Investors with a compulsive need to participate in any ongoing action should do so by having a 'mad money' allocation-money they can afford to lose
Indian laws permit listing on international bourses through indirect listing of equity shares through the American Depository Receipt/Global Depository receipts (ADR/GDR)
Among the prominent buys in the mid-cap space were Indraprastha Gas (Rs 942 crore), Aditya Birla Fashion (Rs 272 crore) and Emami (Rs 227 crore)
The Pune-headquartered life insurer has been topping industry growth chart for long
The response to both issues was modest when compared to recent IPOs
Markets are booming but high valuations can be a spoilsport
CarTrade Tech fully subscribed, Nuvoco Vistas Corporation subscribed 30 per cent, while Aptus Value Housing and Chemplast Sanmar subscribed 24 per cent and 16 per cent respectively
Any company launching an IPO takes valuation cues from the secondary market, which bankers say are "encouraging"
Market regulator observes several shortcomings in the existing procedure