The move by the company, valued at $33 billion, may provide a huge tax gain for the Indian govt
The success of the stake sale in Vodafone Idea and the response to Bharti Hexacom's Rs 4,275 crore IPO have fuelled investor optimism about the prospects of IPOs
Offer opens on May 15, closes on May 17
Shares gaining investor interest post robust results, dividend of Rs 90 per share
Go Digit General Insurance IPO to open bids from May 16-17 with a lot size of 55 shares. Here is everything you need to know about the company's IPO details, key dates, prices and allotment
Indegene IPO allotment: The public subscription for the Indegene IPO commenced on May 6 and concluded on May 8
Indegene IPO allotment status will be announced on May 9. See the steps to check the allotment status of Indegene IPO on BSE and Link Intime website here
The price band for the IPO issue is set at Rs 131 to Rs 138 per share, with a minimum lot size of 1,000 shares
Aadhar Housing Finance IPO review: Aadhar Housing Finance aims to raise Rs 3,000 crore with a price band fixed at Rs 300 to Rs 315 per share
Piotex Industries, a leading supplier of yarn, fabric and cotton bale on Wednesday said its initial public offering (IPO) will hit the capital market on Friday to raise Rs 14.47 crore from public investors. The initial public offering (IPO) of the company will open for subscription on May 10 and conclude on May 14. The shares of the company will be listed on the BSE's SME platform, the company said in a statement. The Pune-headquartered company has fixed the price of Rs 94 per equity share. The public offer is entirely a fresh issue of up to 15,39,600 equity shares with a face value of Rs 10 per share, according to the red herring prospectus (RHP). Investors can bid for a minimum of 1,200 equity shares and in multiples thereof. The company proposes to utilise the net proceeds from the fresh issue to fund its working capital requirements, general corporate purposes and meet issue expenses. Piotex Industries works on an asset-lite model. These products are used for various purposes
Happiest Minds believes it is in a unique position to capitalise on the opportunities presented by GenAI
According to recent general insurance council data, the company had a gross written premium (GWP) of Rs 7,941.1 cr in FY24
Plant-based speciality products company Sanstar Ltd has received Sebi's go-ahead to float an initial public offering, an update with the markets regulator showed on Tuesday. The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the draft red herring prospectus (DRHP). According to market sources, the IPO size is expected to be Rs 425-500 crore. Also, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced The Ahmedabad-based company, which filed its draft IPO papers with Sebi in January this year, obtained its observations on April 30, as per the update. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. Going by the draft papers, proceeds from the fresh issue will be utilised to fund the capital expend
According to industry players, one of the key requirements for approving NSE's IPO is for it to remain free from any tech-glitch for a year
It is important to note that investing in an IPO requires careful consideration, as it's not a ticket for great return.
According to the DRHP, the fresh issue of equity shares is worth Rs 1000 crore, and the offer-for-sale (OFS) is Rs 300 crore by existing investors
Vehicle finance and business loans-focused non-bank lender SK Finance has filed preliminary papers with Sebi to garner Rs 2,200 crore through an initial share sale
For 1st time during poll cycle since '04, mkts will see IPO frenzy
Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision
Aadhar HFC provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension