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LIC’s likely plans to invest in Zomato’s IPO

LIC’s likely plans to invest in Zomato’s IPO

14 July 2021

State-owned Life Insurance Corporation of India (LIC) may invest in online food delivery platform Zomato’s initial public offer, according to news reports. Zomato’s initial public offer has generated a buzz in the recent past, following the announcement of its launch on July 14. The Rs 9,375 crore IPO is the second biggest maiden offer after …

Stellar Start: BLS E-Services lists at 129% premium at Rs 309 per share on the BSE

Stellar Start: BLS E-Services lists at 129% premium at Rs 309 per share on the BSE

6 February 2024

BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and e-government services at the grassroots level in India, debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 309 per share, reflecting an impressive 129% premium …

Gabriel Pet Straps lists at 13% premium at Rs 115 per share on the BSE and hits the upper circuit

Gabriel Pet Straps lists at 13% premium at Rs 115 per share on the BSE and hits the upper circuit

7 February 2024

Gabriel Pet Straps Limited specialises in the production and sale of Pet Straps under the brand name Gabriel, catering to the packaging needs of heavy materials, debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 115 per share, indicating a remarkable 14% premium compared to the …

Barbeque Nation Raises Nearly Rs. 100 Crore

Barbeque Nation Raises Nearly Rs. 100 Crore

7 September 2021

Restaurant and Hospitality chain Barbeque Nation had issued preferential equity shares to three investors. Approved by its stakeholder’s relationship committee, the restaurant chain has raised about Rs. 100 crores with this move. This committee, in their recent Saturday meeting, has approved 11,77,855 paid-up equity share allotment with Rs. 5 per share face value. According to …

Eye on IPO, ITC is likely to Spin off its IT Services

Eye on IPO, ITC is likely to Spin off its IT Services

18 November 2021

ITC InfoTech, the wholly-owned subsidiary of ITC Limited, will face a demerger in the coming months. A person close to the company has recently confirmed the same, on the conditions of anonymity. A leading news agency has earlier reported that ITC’s board will meet up to discuss the demerger of its IT services wing. The …

LIC IPO as planned; Govt keen on Q4 FY22 date

LIC IPO as planned; Govt keen on Q4 FY22 date

7 December 2021

The government is reportedly going ahead with its proposed LIC (Life Insurance Corporation) listing in the last quarter of the fiscal year 2021-22. This comes at a time when the markets have been seeing some volatility. Also, the performance of some big-ticket IPOs has not made an impact on the government’s plans to go ahead …

LIC IPO: Pricing Expected to Value it at Less than TCS, Reliance

LIC IPO: Pricing Expected to Value it at Less than TCS, Reliance

5 January 2022

Single Digit Valuation for LIC Even though the valuation is supposed to be in lakh crore rupees, it will still stay in single digits. This will place LIC below companies like TCS and Reliance Industries. However, even after this conservative valuation, the life insurance provider’s public issue will still be significant in the country. LIC …

Paras Defence Provides Return of More Than 300% in Just 3 Months

Paras Defence Provides Return of More Than 300% in Just 3 Months

7 January 2022

The public issue of Paras Defence and Space Technologies made its Dalal Street debut in September 2021. With an Initial price band of Rs. 165 to Rs. 175, this public listed at a premium of about 170% on BSE and NSE on 1 October 2021. This was an early indication of the promise that this …

What Zomato IPO has in common with the humble telephone?

What Zomato IPO has in common with the humble telephone?

16 July 2021

The investment market is baffled as to how a company’s IPO with heaps of losses is valued at such an incredibly high price. It is understandable. After all, the company’s annual earnings have not been too decent in the last couple of years. Regardless, the expected market capitalization of this online food delivery giant is …

Should You Sell Domino’s Shares Now as Zomato is going Public?

Should You Sell Domino’s Shares Now as Zomato is going Public?

16 July 2021

Market observers appear to have differing opinions in relation to Zomato IPO. While some view it as an ideal alternative to a traditional tech startup, there are others who think that it’s priced too high. However, at the same time, there are some individuals who are waiting to see how this IPO performs. With India’s …

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