Overview of the Business Crayons Advertising Limited, founded in 1986, is an integrated marketing and communications agency. It was founded with the goal and aim of providing advertising solutions and has consistently grown its business horizons in the sector for over 36 years. They provide clients with design solutions that aid in brand creation along …
IPO stands for Initial Public Offering. It is the process through which a privately held company offers its shares to the public for the first time. In an IPO, the company issues new shares to investors, allowing them to become shareholders of the company. The number of companies that submitted offer documents to the SEBI …
The digital payments giant MobiKwik has filed DRHP with SEBI to raise Rs 1900 crore through an IPO. As per the draft document, the company will raise Rs. 1500 crores from the sale of primary shares. Additionally, it will raise a maximum of Rs. 400 crores through the sale of secondary shares held with existing …
Muthoot Microfin has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) in order to initiate its initial public offering (IPO). The company plans to raise Rs 1,350 crore through the sale of its initial stake. In 2018, the company had previously submitted draft documents. The proposed IPO …
On Wednesday, The Securities and Exchange Board of India (SEBI) slashed the period for listing of shares in public issue (IPO) from existing six (T+6) days to three (T+3) days, from the date of closure of the issue. “T” is the day the issue closes for the subscription. According to the SEBI, the revised timeline …
ideaForge Technology, a leading drone manufacturer in India, is one of the pioneers in the country’s unmanned aircraft systems industry. Established in 2007, is a company dedicated to the manufacturing of Unmanned Aircraft Systems. In the year 2022, they achieved an impressive market share of 50%. The recent offering by the company received a highly …
At the beginning of Q2 of the current fiscal year, several companies lined up for their debut in the stock market. Companies list themselves on the bourses through initial public offerings or IPOs. In the process, businesses raise fresh capital from the market by releasing the equity shares of their companies. News about a new …
LIC and IDBI are in the final stages of negotiations to merge their assets. This will help LIC raise funds through an IPO. The deal is in the works before the mega IPO of the insurer. Together with the Union Government, LIC holds about 95 pc shareholding in IDBI Bank. LIC IPO has been long-awaited and …
By the third and last day of its IPO, i.e., 1 October 2021, Aditya Birla Sun Life AMC Ltd shares were subscribed a total of 5.24 times. Accordingly, the company’s public offer received bids for 14,57,09,180 shares against the 2,77,99,200 reserved shares for different investor categories. This lender had filed its preliminary papers with the …
Aditya Birla Sun Life AMC IPO subscription was carried out from 29 September 2021 to 1 October 2021. The size of this public offer was nearly Rs. 2,768.26 crores. By the third day of Aditya Birla public offering, its shares were subscribed 5.25 times. As per the announced IPO timeline, Aditya Birla public offer’s basis …
