On 6 August 2021, it was reported that HDFC bank has decided to suspend IPO plans for its subsidiary HDB Financial Services Ltd. (HDBFSL). The non-banking financial company (NBFC) earlier had plans to raise funds via an initial public offering under the leadership of Aditya Puri. However, the financial institution is now considering analysing the …
Digital payments and financial services company Paytm is all set to hit the markets with its Rs. 16,600 crores IPO in October, which is likely to be the largest ever in India. The company has already filed a draft prospectus with SEBI for its initial share sale on 15 July 2021. Here’s all you need …
By the last day, Exxaro Tiles’ initial public offering was subscribed 22.68 times, receiving bids for 25,96,52,625 shares. The issue size of this IPO was Rs. 161.09 crores. According to its DRHP, this IPO consists of a fresh issue of Rs. 134.23 crores and offer for sale of Rs. 26.86 crores. Exxaro Tiles IPO Subscription Status …
True Balance, a South Korean Fintech platform, has announced its goal to match its expenses and revenues by the end of this year and list its IPO by 2024. Backed by investors like Naver, Daesung Private Equity, and SoftBank, the company is growing strong in their business in India. A large uptake of their small-sized …
Market regulator SEBI has decided to lower promoters’ minimum lock-in period after the company’s stock market listing from 3 years to 18 months. In addition, it has decided to modify regulations regarding ESOPs (employee stock option plans) and AIFs (alternative investment funds). The board has also taken up a series of other decisions this Friday. …
New Delhi-based microlender Fusion Microfinance has filed papers for its initial public offering with market regulator SEBI. The company aims to raise about Rs. 1,900 crores through its IPO. Fusion Microfinance is the second microfinance company after Arohan Financial Services, which is going for IPO in 2021. About Fusion Microfinance Fusion Microfinance is a micro-lending …
SoftBank-backed Oyo Hotels and Rooms has selected 3 investment banks Kotak Mahindra Capital, JP Morgan, and Citi, to lead its initial public offering. Per reports, Oyo is heading for a massive IPO of over $1.2 billion and is likely to file DRHP this September. This major move from Oyo comes in the backdrop of a …
Keventer Agro Ltd has filed its DRHP with the Securities Exchange Board of India (SEBI). This move will allow the company to raise funds by way of an initial public offering. Let’s Take a Closer Look at the Keventer Agro IPO This initial public offering consists of a fresh issuance of shares worth Rs. 350 …
Sudden lawsuits and surprising complaints have hit various top Indian firms planning for their IPO. Previous vendors and insiders of companies have filed these lawsuits. They have alleged the IPO-bound firms of non-payment of dues and breach of contract. Such surprise allegations have, consequently, brought much confusion and uncertainties around their IPO timeline and prospects. …
Travel and hospitality player RateGain Travel Technologies Ltd. is the latest addition to the list of Indian companies joining India’s IPO frenzy. The company filed papers for its initial public offering with SEBI on 17 August 2021. RateGain’s proposed IPO will comprise fresh equity shares worth Rs. 400 crores and an offer for sale. A …
