PolicyBazaar, India’s largest online insurance marketplace, is gearing up for an initial public offering of about Rs. 6500 crores per its RoC filing. PB Fintech, its parent company, has received board approval for the same on 5 July in an Extraordinary General Meeting (EGM). According to sources close to the company, PolicyBazaar is planning to …
LIC’s much-awaited public offering of $8 billion is likely to open on 11 March 2022 for anchor investors. Other investors can start bidding after a few days. To know more, keep scrolling! How Is LIC Prepping Up for Its IPO? The IPO of LIC (Life Insurance Corp) can get regulatory approval by March’s first week. …
The government has recently sought out advisers to help it with the IPO process of Life Insurance Corporation of India (LIC) which was one of the biggest announcements made in Union Budget 2020. The finance minister had said on the floor of the parliament that retail investors should have a chance to make gains from …
Inox Wind, a wind energy service provider, said on Tuesday that its significant subsidiary Inox Green Energy filed a draft red herring prospectus with the market regulator SEBI for an initial public offering on February 7, 2022. The proposed offer includes a new issuance of equity shares worth up to Rs 370 crore and a …
Inox Green Energy Services Ltd., the material subsidy of wind energy provider Inox Wind is planning to raise Rs. 500 crores via a public offering. In an exchange filing, it has stated that its Board of Directors has approved the fundraising through IPO in a meeting held on 6 December 2021. Go through the following …
An Overview VLCC Health Care Ltd, which is planning an initial public offering, has raised approximately Rs 37 crore via the sale of shares to a foreign corporation. According to a statement with the corporate affairs ministry, the Bahamas-based Zall Holdings Ltd. has been issued 6,27,804 equity shares worth roughly Rs 37 crore. VLCC, a …
An Overview of the Company Krsnaa Diagnostics, a diagnostics firm based in Pune, has filed a draft red herring prospectus with market regulator SEBI in order to launch an initial primary offering (IPO). The company may use the primary market to raise up to Rs. 1,200 crores. Krsnaa Diagnostics’ IPO Details According to the DRHP, …
An Overview of the Company Featured as a non-banking financial company that is heavily touted by HDFC Bank, HDB Financial Services Limited has sought to raise INR 8,600 Crores by issuing non-convertible debentures (or NCDs) in order to offset its expenses. While there has been talk of HDB launching an initial public offering, there have …
The shares of Tata Power rallied 15% on Monday after the news broke that the company is planning to raise funds for the IPO of its renewable energy unit. As per various reports, the company is in talks with different pension and sovereign funds for this purpose. This includes the Government of Singapore Investment (GIC) …
Course5 Intelligence, a data analytics firm, has filed a draft red herring prospectus with SEBI, the capital markets regulator, in order to acquire money via an initial public offering (IPO). The business plans to raise Rs 600 crore via a public offering that includes a new issue of shares worth Rs 300 crore and a …
