On Wednesday, 29 September 2021, the Union Cabinet approved Rs. 4,400 crores of capital infusion in ECGC Ltd over five years. It also approved the listing of this public sector undertaking through an IPO. With this, the Government expects to increase exports by Rs. 5.28 lakh crores over the next five years and enhance ECGC’s …
In recent news, Indian hospitality start-up Oyo filed preliminary papers with SEBI for an initial public offering worth Rs. 8,430 crores last week. Parent company Oravel Stays confirmed that the hotel chain aims to raise around $1 billion from this IPO. Part of this sale will comprise a fresh issue of shares. The rest will …
Top medical devices manufacturer Sahajanand Medical Technologies (SMT) has filed its Draft Red Herring Prospectus (DRHP) with SEBI. The company aims to raise Rs. 1,500 crores through its initial public offering. As of now, SMT does not have any peers listed on the market. However, it is the second firm in the medical devices segment …
An Overview SEBI, the market regulator, stated on Tuesday to loosen the rules governing the issuance of shares with superior voting rights (SR shares), which will benefit new-age technology firms. According to the Securities and Exchange Board of India (SEBI), promoters with a net worth of more than Rs 1,000 crore can have superior voting …
Waaree Energies, a Mumbai-based solar module manufacturer, has filed its DRHP for initial public offering (IPO) comprising a fresh issue worth Rs. 1,350 crores. The issue will also have an OFS of 40,07,500 equity shares by promoters. The company intends to use around Rs. 978.36 crores to set up a 2 GW/year solar cell producing …
LIC is gearing up to be the biggest IPO of India backed by the Government, where every day sets in a new development. For example, recently, the Government has come close to setting a valuation. The targeted valuation is around Rs. 10 lakh crores. However, while the Government is trying its best to launch the …
With eleven companies going public in the month of July alone this year, everyone seems to be excited about more upcoming IPOs. The COVID 19 pandemic made the stock market feel jittery last year with major disruption of economic activities and few companies calling off their IPO plans till the market activity changed towards the end …
New IPOs continue to enchant stag investors across all investment sectors. Taking a cue from the popular trend, two new companies have joined the IPO bandwagon, CMR Green Tech, and Paradeep Phosphates. Let us uncover more details about these upcoming IPOs below! CMR Green Tech IPO – Latest Development A leading metal recycling company, CMR …
The National Stock Exchange (NSE), which is the largest bourse of the country, has been planning for its public offering for quite some time. It has been facing much pressure from its shareholders, who have wanted to liquidate their shares for over a decade now. It wrote to market regulator SEBI seeking permission to once …
Paras Defence is one of India’s leading developers and manufacturers of defence and space engineering products. The company closed its IPO subscription on 23 September 2021. This public issue had a total valuation of Rs. 170.78 crores, including fresh issue equity shares of up to Rs. 140.60 crores and the remaining as an OFS. At …
