The chairman of India’s largest insurance provider, LIC, seems positive about touching the milestone with its public offer in March 2022. During an exclusive interview, Chairman MR Kumar stated that preparations for this IPO are sprinting. He also described what this mega IPO would mean for investors, shareholders and the stock market. Keep reading to …
An Overview Most traditional metrics, such as yield differentials and price-to-earnings multiples with benchmark bonds, appear to overvalue Indian equities, but the pattern among promoters to uniformly increase ownership in listed companies represents their self belief in their companies, according to central bank economists in their recent data on the economic situation. The Reserve Bank …
India’s capital market regulator Securities and Exchange Board of India, has proposed the utilisation of IPO funds. The target here is to limit the funds raised via IPOs that firms can use for the purpose of mergers and acquisitions unless they are clearly stated beforehand. Additionally, monitoring the funds reserved for general corporate purposes is …
The initial share sale of prime labware products manufacturer Tarsons Products concluded for subscription on 17 November 2021. This IPO saw strong demand from investors on the closing date, garnering a massive subscription of 77.49 times. The size of the issue, amounting to Rs. 1,023.47 crores consisted of fresh issue of equity shares worth Rs. …
Abans Holdings is closely involved with business services activities and is a leading company in this space. The company has filed its DRHP to derive the benefits of getting listed on the stock exchange and raise funds through an initial public offer. As per the draft paper, the upcoming IPO will comprise new share issuance …
Veeda Clinical Research has filed preliminary papers with SEBI to raise funds worth Rs. 831.60 crores via an initial share sale. As per the DRHP, this public issue will comprise fresh issuance of equity shares worth Rs. 331.60 crores. Moreover, it will include an offer for sale (OFS) of Rs. 500 crores. More Details Regarding …
One of India’s leading FMCG firms, Adani Wilmar, has finally received some relief as their IPO proceedings are back on track. The Securities and Exchange Board of India is resuming its approval process for this public issue. Adani Wilmar filed its DRHP in early August of this year, and the capital market regulator put a …
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 …
You may know that recently Destiny Logistics Infra has announced its IPO. The offer window opened on September 30, 2021, and will close on October 5, 2021. Underwriters have already shared all the details about the offer. So, if you want to know more about this September IPO and whether it is a good investment …
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 …
