In the latest development, leading online used car seller Vroom has filed to go public. It plans to list in Nasdaq Global Market under the symbol, VRM. Vroom’s rival Carvana Co. went public in 2017. Vroom’s profit in the recent quarter increased by 160 percent after online trade surged amid the CoronaVirus outbreak and customers …
The Government of India has agreed to launch an IPO of the shares of LIC (Life Insurance Corporation of India). Given the size of the corporation and the fact that it is the largest life insurer in India, the LIC IPO launch is expected to be the most significant IPO launch in recent time. Moving ahead with …
Rossari Biotech, a specialty industrial chemical manufacturer, readies itself to launch Rs 500 crore worth of fresh IPO equities. It is the first in the last four months since SBI Card & Payment announced IPO launch on March 5, before nationwide lockdown commenced in the wake of COVID-19 outbreak in the country. The IPO will …
Hyderabad based pharmaceutical company, Gland Pharma targets to raise capital funds worth Rs 6000 – Rs 7000 crores in IPO share launch. In its red herring prospectus filing with SEBI, the company has mentioned that IPO launch will include fresh scrips as well as offer for sale from promoters. Gland Pharma has Chinese parents. Fosun …
After several weeks of hiatus caused by nationwide lockdown following COVID-19 outbreak, some actions are returning to the Indian stock market. Companies are returning to the market with their IPO offers to entice investors once more. After the announcements of IPO share launch by Rossari Biotech and Gland Pharma, the stage is now ready for …
It is a good sign for the market that more companies are coming up with IPO share launch proposals. The capital market suffered a nosedive when investors went for a frenzied selling spree as cases of COVID-19 started to surface in India. The last big company to announce an IPO share launch was SBI Cards …
The Indian IPO market has picked up momentum once again after four months of pause. The investors are returning after their frenzied sell-off in March that caused the SENSEX to take a nosedive. But since the market now looks more animated, it is the right time to discuss the upcoming IPOs in 2020. 2020 …
The Indian IPO market is gaining steam again. Earlier in July, Mindspace REIT announced to take the IPO route to raise funds from the market. Over the last few years, the Indian stock market has emerged as a leading destination for companies to park their IPO offers. 2019 has seen significant growth in IPO launch …
Devyani International, India’s largest franchisee of Yum! Brands and QSR (quick service restaurant) has finalised the basis of allotment for their IPO on 11 August 2021. The Rs. 1838 crores IPO of our country’s largest franchisee of Pizza Hut, KFC and Costa Coffee ran from 4 August to 6 August and received an overwhelming response. …
The initial public offering of Aptus Value was subscribed 17.20 times by the end of its third and final day of public issue on 12 August 2021. This IPO received bids for a total of 94,82,42,442 shares against the 5,51,28,500 reserved shares. The figures indicate a favourable response from the investors. According to the DRHP, …
