SBI Cards is the largest issuer of credit cards in India. Credit card expenditures in India grew by 32% each year to a whopping ₹6.1 trillion between 2016 and 2020. Given its dominant position within the domestic market for credit cards with a strong parent company keeping tabs on it, SBI Cards is in an …
India’s leading online food delivery and restaurant discovery platform, Zomato, raised the third-highest amount in the Indian stock market’s history. The Zomato IPO received a strong response from investors across various categories. At the last bidding day’s end, Zomato’s public issue was subscribed more than 38 times. This eagerly-awaited initial public offering is the largest …
India’s leading online food aggregator, Zomato, has raised the third-highest amount in the country’s stock market history after getting subscribed 38.25 times. The company’s initial public offering received a strong response across different investor categories. Market observers believed that the company’s shares would get listed on bonuses due to improved sentiments in the primary and …
As of 5 pm on July 16 2021, the initial public offering of India’s first online food aggregator, Zomato, was subscribed 38.25 times, getting bids for 20,13,78,57,28 shares. The issue was set to nudge the company’s valuation up to Rs. 64,365 crores, making it the second-biggest IPO since March 2020. Zomato had set a target …
Pharmacy retail outlet MedPlus has filed DRHP with market regulator SEBI to launch an IPO of Rs. 1639 crores. According to the draft red herring prospectus filed by the company, this public issue will comprise fresh issue equity shares of Rs. 600 crores and an offer for sale of up to Rs. 1038.71 crores. Company …
IPOs are a great investment avenue as there is a high chance that a company getting a new rush of capital will grow and thus see appreciation in its share value. They can hence be a great way to make short term and long term profits. That being said, one must be aware of the …
The IPO market in 2023 is heating up, with companies looking to go public and make a splash on the stock exchange. This year we can expect a slew of exciting IPOs from companies across industries, each with its own unique value proposition and potential for growth. So keep a lookout on the IPO calendar …
The public offer of AGS Transact Tech closed for subscription on 21 January 2022. Overall, the IPO received bids for 22,34,74,265 equity shares, where 2,86,74,696 shares were reserved in total. Garnering a somewhat tepid response from investors, AGS Transact Tech IPO witnessed a total subscription of 7.79 times. Its IPO had an issue size of …
The Indian stock market continues to soar high with the Nifty and Sensex surging 0.39% and 0.40%, respectively, riding high on the wave of follow-up buying in index heavyweights. The bullish trend has left market participants jubilant and optimistic, as they watch the market reach new heights day after day. However, the icing on the …
The shares of Tarsons Products hit their lowest after its Dalal Street debut on Monday’s intra-day trade in BSE. The shares of TPL fell by 5% on Monday after its listing of Rs. 630.80. Moreover, the shares are also down by 5% from their actual issue price of Rs. 662 per equity share. Additionally, this …
