Page 9 - Ipos

Akasa Air plans IPO in next 2-4 yrs; share sale is 'question of when': CFO

Akasa Air plans to come out with its initial share sale in the next two to four years, depending on achieving various milestones, its Chief Financial Officer Ankur Goel said on Tuesday as he stressed that the airline's IPO is "not a question of if but a question of when". After taking to the skies in August 2022, the airline is slowly expanding its presence and currently flies to 34 destinations, including 7 international cities. The nearly four-year-old carrier, now, has a fleet of 39 planes and aims to have 226 aircraft by 2032. Responding to queries about the Initial Public Offering (IPO) at a briefing in the national capital, Goel said the time frame is going to be 2-4 years, depending on achieving various milestones such as being EBITDA positive, cash flow and profitability. "IPO will happen for us, it is not a question of if, it is a question of when, we are not creating an airline to do an IPO, we are creating an airline that really creates value...," he said, and also ...

SpaceX shares slip for third day, shedding $600 billion in market value

The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its 3-day loss to 23% and erasing over $600 billion in value over that period

Waterways Leisure IPO invites bids; here's everything investors should know

Waterways Leisure IPO opens today; check price band, lot size, GMP, reviews, allotment date, listing date, and other key details here

Large, marquee IPOs do not guarantee an instant jackpot for investors

Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.

Advit Jewels IPO opens: Check price band, GMP, reviews, other key details

Advit Jewels IPO is entirely a fresh issue of 12 million shares, aggregating ₹165.16 crore. There is no offer-for-sale (OFS) component in the issue

Jio, NSE IPOs to test cautious retail investors amid market uncertainty

While global capital chased the AI semiconductor booms in Taipei and Seoul, tripling Korean stocks and doubling Taiwanese equities, the benchmark Indian index hasn't gone anywhere in the past 2 years

Waterways Leisure allots shares worth ₹263 crore to anchor investors

Cruise operator raises Rs 263.25 crore from marquee anchor investors ahead of its Rs 585-crore IPO, which opens for public subscription on Tuesday

IPO-bound Laxyo expands operations in Africa, bags ₹200-cr order in Zambia

Indore-based Laxyo Ltd, an integrated infrastructure and mining services company, on Monday said that it has expanded its operations in Africa and bagged a Rs 200-crore contract in Zambia. The project, being executed through its subsidiary, Laxyo Evapeta Zambia Ltd, represents the company's first overseas raise-boring contract and currently accounts for 12.6 per cent of its total order book. "Indore-based Laxyo Ltd, an integrated infrastructure and mining services player, has marked a significant milestone by expanding its operations into the African mining market through a Rs 200-crore raise boring contract at Mopani Mines in Zambia," the company said in a statement. Raise boring is a modern underground mining technique used to create shafts and tunnels without using explosives. The method is widely preferred in underground mining operations due to its superior safety standards, operational efficiency and ability to create critical infrastructure such as ventilation shafts and esca

Waterways Leisure IPO opens on June 23; GMP muted; should you subscribe?

Waterways Leisure IPO: Through its maiden public issue, the cruise tourism company aims to raise ₹585 crore via an entirely fresh issue of equity shares

Advit Jewels IPO GMP jumps to 46% before subscription starts; bid or avoid?

Advit Jewels IPO opens on June 23: here's the price band, lot size, GMP, review, allotment schedule, listing date and other key details for investors

Jio IPO: Decoding strengths, risks in DRHP ahead of mega issue

As investors await further developments, here are the key strengths and risks outlined in the DRHP

Easing West Asia tensions boost IPO activity, 3 issues to open next week

The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National

Sebi clarifies EPI benefits; Turtlemint Fintech IPO subscribed 45% on Day 1

The market regulator revised commodity margin provisions, cleared SBI Mutual Fund's IPO and oversaw the opening day of Turtlemint Fintech's share sale

Turtlemint IPO: Experts split despite strong anchor demand; apply or avoid?

Despite the strong anchor book, analysts remain divided on the public issue. While SMIFS has recommended subscribing to the IPO, Swastika Investmart has assigned it an 'Avoid' rating

Medicover keeps IPO pulse steady as KKR examines India hospital deal

The hospital chain said its planned public listing remains the preferred route even as parent company Medicover AB holds preliminary discussions with KKR

NSE's IPO filing throws spotlight on accidental shareholder dispute

NSE's DRHP reveals a shareholder who allegedly received shares by mistake, alongside fresh legal and governance hurdles ahead of its IPO

SC agrees to hear Sebi plea against SAT relief to Sahara managers

Supreme Court to hear Sebi's challenge to SAT relief for Sahara executives in the OFCD case, with the matter slated for July

NSE IPO windfall: Early institutional investors set for multifold gains

Several institutional investors acquired NSE shares at fractions of a rupee, positioning them for substantial gains as the exchange prepares for what could be India's largest IPO

Turtlemint raises ₹397.2 crore from anchor investors ahead of IPO

The insurtech company attracted several domestic and global investors ahead of its ₹883-crore initial public offering, which opens on June 19

Stock Market Close: Sensex gains 254 pts, Nifty ends at 24,168; PSU Bank, healthcare shares shine

Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty signalled a flat open for the benchmark Nifty50 index. Most Asian markets declined