The DPIIT or Department for Promotion of Industry and Internal Trade has recently mentioned approaching the Union Cabinet for relaxation in the FDI policy to accommodate LIC’s public market debut. DPIIT Secretary Anurag Jain has been in discussion with the Department of Investment and Public Asset Management, i.e. DIPAM, and the Department of Financial Services, …
About Five Star Business Finance IPO Five Star Business Finance filed the draft papers with market regulator SEBI in November 2021. Reportedly, the company is seeking a valuation of around $3 billion post IPO launch. According to its DRHP, Five Star Business Finance is looking to mop up as much as Rs. 2,751.95 crores via …
A Close Look into the IPO As per sources close to the developments, Biba Apparel is looking to raise around Rs. 1,500 crores to Rs. 2,000 crores through its public offering. This IPO will likely be a combination of both primary and secondary issues of equity shares. The fashion firm is expected to file its …
Unlike most of its market peers, PhonePe seems to be in no hurry to open its shares for public subscription. As per PhonePe’s CEO, this company has tapped into the basics of financial services and is looking forward to grasping other verticals including, the insurance sector. The CEO further added that the company would initiate …
KFin Technologies, one of the eminent registrars in the country, filed its DRHP (Draft Red Herring Prospectus) with SEBI to garner Rs. 2,400 crores through an IPO. Read the following sections to get more details on it! Get an Insight into the KFin Tech IPO The initial public offering of KFin Tech is purely an …
In the healthcare sector, 2 organizations have received the green light from SEBI (Securities and Exchange Board of India) to float their IPOs (Initial Public Offerings). Global Health runs healthcare centres under the Medanta Brand while Veeda Clinical Research is a clinical research organization. To know more details regarding these two IPOs, read below. Key …
Key Details of the SEBI Tightening the Rules Around An IPO SEBI’s rules aim to tighten the regulatory gap and avoid extreme volatility in pricing on listing day. Here is what the new rules address: How companies are allowed to set their price bands When any anchor investors can sell their existing shares How much …
CMS Info Systems, one of India’s top cash management firms and the last to go public in 2021, is unlikely to generate the same kind of excitement as HP Adhesives and Supriya Lifescience, which went public earlier this week. Given the modest initial public offering subscription data, tepid interest in the grey market, and fears …
Old and New Firms Queue Up Firms that will expectedly hit the primary market in March 2022 quarter are: Firm’s Name Expected IPO Size OYO Rs. 8,430 crores Delhivery Rs. 7,460 crores Adani Wilmar Rs. 4,500 crores Emcure Pharmaceuticals Rs. 4,000 crores Vedant Fashions Rs. 2,500 crores Medanta Rs. 2,000 crores Paradeep Phosphates Rs. 2,200 …
In a nutshell, 2021 has been a ‘blockbuster’ year for India’s primary market. With 63 companies making share market debut generated around Rs. 1.2 lakh crores. Among them, the likes of Paytm, Nykaa, and Zomato have been the most ‘talked-about’ public issues and accumulated a significant hype. Moreover, Paytm’s IPO broke all previous records in …
