Corrtech International, a supplier of pipeline laying solutions, has filed preliminary paperwork with the capital markets regulator SEBI to acquire money via an initial public offering. According to a draft red herring prospectus filed with SEBI, the public offering includes a new issuance of equity shares worth Rs 350 crore and a promoter offer to …
Despite market volatility and geopolitical worries, Finance Minister Nirmala Sitharaman stated on Tuesday that the government will proceed with the initial public offering of Life Insurance Corporation of India. “There is a buzz in the market and there is demand for the LIC IPO,” Sitharaman said, declining to comment on whether the IPO may be …
Multi-speciality hospital chain Rainbow Children’s Medicare has decided to launch its IPO or initial public offering. The hospital chain works in paediatrics, gynaecology and obstetrics. It has filed its DRHP (Draft Red Herring Prospectus) papers with the market regulator SEBI (Securities and Exchange Board of India). To know more about this IPO and all its …
The NSE Prime framework was created by India’s biggest stock market, the National Stock Exchange, to promote corporate governance. The project aims to inspire businesses to go above and beyond what regulatory authorities need and build stronger governance processes. Why is it necessary for India to improve its corporate governance standards? With the influx of local and …
Skanray Technologies is on the go to generate funds through an initial share sale. The public offer of this company consists of a fresh issuance of equity shares amounting to Rs. 400 crores and an offer for sale aggregating to 14,106,347 equity shares. The company’s existing shareholders and promoters will take part in the OFS, …
This Patanjali acquired company has received SEBI’s nod for its follow-on public offering worth Rs. 4,300 crores. The Ruchi Soya FPO is yet to finalise the offer price. Patanjali had acquired this company for Rs. 4,350 crores in 2019. To know more about this FPO, check out the details below. Key Highlights of the FPO …
In less than a month, 2022 is about to begin. This brings us to the right point where we can introspect about how the financial front of 2021 has been. The returns on equity and debt have been decent throughout the year with many stocks rallying to all-time highs stretching the Nifty to touch above …
An Overview So far in November, foreign portfolio investors (FPIs) have been net purchasers in Indian markets, totalling Rs 19,712 crore. Between November 1 and November 18, depositories invested Rs 14,051 crore in shares and Rs 5,661 crore in debt, according to depositories’ data. During the period under review, this resulted in a total net …
Shriram Properties IPO Subscription On the second day of bidding, December 9, Shriram Properties’ initial public offering had 1.02 times subscription, with bids for 3.24 crore share capital versus a size of offer of around 3 crore share capital. The offer of a south-based real estate developer continues to get great support, with retail investors …
Pepperfry, India’s leading home and lifestyle platform, plans to file for its IPO by the second quarter of 2022. As per sources, the popular online furniture marketplace is keen on completing its pre-IPO fundraising by the end of 2021. Alongside its initial public offer plans, Pepperfry is also increasing its network of stores across both …
