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LIC IPO Draft Paper Filing Likely This Month

LIC IPO Draft Paper Filing Likely This Month

7 January 2022

LIC has specified that the insurance company may go ahead with its draft red herring prospectus with SEBI by this month regarding its upcoming IPO. This major announcement comes as the Indian government has confirmed that the initial share sale of LIC will be commenced before FY2022 ends. The Centre has, in fact, disproved claims …

The government has been working on an ESG grading for LIC ahead of its IPO

The government has been working on an ESG grading for LIC ahead of its IPO

7 January 2022

According to reports, the finance ministry wants to send a statement that the insurance giant is better positioned to forecast future dangers and possibilities. The ESG score instructions to IPO executives come at a time when SEBI is looking at regulatory and supervisory measures for ESG issuers. The term “ESG rating” refers to the public …

Delhivery Invests in Falcon Autotech Ahead of its IPO

Delhivery Invests in Falcon Autotech Ahead of its IPO

10 January 2022

Delhivery’s Future-Ready Investment Plans Delhivery plans to join forces with Falcon Autotech to develop and integrate improved automated solutions for warehousing and transport operations. Falcon Autotech provides intralogistics automation solutions among various other services in the warehousing and logistics space. Delhivery mentioned that its deal with this company is in order to move ahead with …

Sanathan Textiles has filed drafting documents with the SEBI for an IPO of Rs 1300 crore

Sanathan Textiles has filed drafting documents with the SEBI for an IPO of Rs 1300 crore

10 January 2022

Sanathan Textiles has filed a DRHP through capital markets regulator SEBI in order to raise money via an IPO. The IPO consists of a new offering of Rs 500 crore by the firm and a promoters’ offer to sell 1.14 crore equity shares. It is entirely owned by the promoters. Ajaykumar Dattani owns 26,59,500 equity …

DPIIT Approach the Cabinet for Revisions in the FDI Policy for LIC’s IPO

DPIIT Approach the Cabinet for Revisions in the FDI Policy for LIC’s IPO

10 January 2022

The DPIIT or Department for Promotion of Industry and Internal Trade has recently mentioned approaching the Union Cabinet for relaxation in the FDI policy to accommodate LIC’s public market debut. DPIIT Secretary Anurag Jain has been in discussion with the Department of Investment and Public Asset Management, i.e. DIPAM, and the Department of Financial Services, …

Waaree Energies, Five Star Business Finance Get SEBI’s Nod for IPO

Waaree Energies, Five Star Business Finance Get SEBI’s Nod for IPO

12 January 2022

About Five Star Business Finance IPO Five Star Business Finance filed the draft papers with market regulator SEBI in November 2021. Reportedly, the company is seeking a valuation of around $3 billion post IPO launch. According to its DRHP, Five Star Business Finance is looking to mop up as much as Rs. 2,751.95 crores via …

Biba Apparels Chooses 4 Bankers for its IPO in 2022

Biba Apparels Chooses 4 Bankers for its IPO in 2022

12 January 2022

A Close Look into the IPO As per sources close to the developments, Biba Apparel is looking to raise around Rs. 1,500 crores to Rs. 2,000 crores through its public offering. This IPO will likely be a combination of both primary and secondary issues of equity shares. The fashion firm is expected to file its …

PhonePe Seems to Be in No Hurry to Go Public

PhonePe Seems to Be in No Hurry to Go Public

3 September 2021

Unlike most of its market peers, PhonePe seems to be in no hurry to open its shares for public subscription. As per PhonePe’s CEO, this company has tapped into the basics of financial services and is looking forward to grasping other verticals including, the insurance sector. The CEO further added that the company would initiate …

KFin Tech Files DRHP for Rs. 2,400 Crores IPO

KFin Tech Files DRHP for Rs. 2,400 Crores IPO

4 April 2022

KFin Technologies, one of the eminent registrars in the country, filed its DRHP (Draft Red Herring Prospectus) with SEBI to garner Rs. 2,400 crores through an IPO. Read the following sections to get more details on it! Get an Insight into the KFin Tech IPO The initial public offering of KFin Tech is purely an …

Global Health and Veeda Clinical Get SEBI’s Nod to Launch IPO

Global Health and Veeda Clinical Get SEBI’s Nod to Launch IPO

30 December 2021

In the healthcare sector, 2 organizations have received the green light from SEBI (Securities and Exchange Board of India) to float their IPOs (Initial Public Offerings). Global Health runs healthcare centres under the Medanta Brand while Veeda Clinical Research is a clinical research organization. To know more details regarding these two IPOs, read below. Key …

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