The initial public offering (IPO) is entirely an offer for sale (OFS) of 17,244,328 equity shares by promoters and investors
The development comes ahead of proposed initial public offering by OYO, for which a draft red herring prospectus is likely to be filed in the next few months
The fund run by Edelweiss Management Ltd. has returned 46% this year, according to the firm
India1 Payments Ltd, formerly known as BTI Payments, on Tuesday filed preliminary papers with Sebi to raise funds through an initial public offering (IPO)
The IPO will include an issue of 15.83 million fresh equity shares at a face value of Rs 10 each and an offer for sale of up to 12,505 shares by promoters and existing shareholders
In a Q&A, the company CEO, in charge of the FMCG business details about pricing pressure, cartelisation issues in the raw material space and the company's roadmap, going ahead
The company, which counts SoftBank Group Corp. among its investors, is speaking with advisers about a potential listing in Mumbai that could value it at as much as $2.5 billion
Ami is a pharma-focused specialty chemicals firm; Vijaya Diagnostic is among the largest diagnostic chains in southern India
Out of the eight companies that debuted on bourses in August, five listed at a discount. Aptus Value Housing Finance, Chemplast Sanmar, Nuvoco Vistas, Windlas Biotech and CarTrade Tech made tepid debuts, disappointing investors who often lap up IPOs for a listing pop. According to some analysts, the listing "honeymoon" might just be over. So, what's behind the underperformance? Experts explain
The Nifty Realty index jumped 5 per cent today while the Nifty Metal index slipped 1.8 per cent
This follows a directive from the Reserve Bank of India
The fast swelling unicorn universe in the startup ecosystem is set to witness a flurry of share sales as around 18 large startups are set to hit primary markets, according to a Wall Street brokerage
Leading integrated steel company Shri Bajrang Power and Ispat Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial share sale. The initial public offer (IPO) consists of the issue of equity shares aggregating up to Rs 700 crore, according to the draft red herring prospectus (DRHP). Shri Bajrang Power and Ispat Ltd (SBPIL), which filed its draft papers with Sebi in July, obtained its observations on August 26, an update with the regulator showed on Monday. In Sebi parlance, the issuance of observations implies its go-ahead for the IPO. Going by the draft papers, proceeds from the issue would be utilised towards repayment or prepayment, of certain borrowings of the company, funding incremental working capital requirements, and for general corporate purposes. SBPIL is one of the leading integrated steel companies based out of central India and a key player in the country in terms of capacity for iron ore pellets, iron ore beneficiation,
India's first home-grown mapping company is looking to list in the public market at a Rs 6,000-crore valuation
Bhargava says the firm had very few challenges in understanding businesses and investing during pandemic as young founders are comfortable having online discussion
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China's stock market watchdog has told companies and investors the envisioned rules will prohibit firms from listing abroad, particularly those seeking a foreign IPO via overseas-incorporated entities
The Hang Seng Tech Index closed 0.2 per cent lower in Hong Kong after rising as much as 2 per cent in the morning
The IPO will open on September 1 and conclude on September 3
The IPO is entirely an offer for sale of 35,688,064 equity shares by the promoter and investors