Draft filing by food delivery chain Zomato ushers the new era for the Indian tech unicorns in the second largest internet market in the world. Zomato has lodged a draft red herring prospectus with SEBI to launch an IPO offering in the Indian market. Since the beginning of 2021, there were many speculations regarding India’s …
After so much hype about the upcoming offer, the online food delivery firm’s IPO will finally open on July 14, 2021. Earlier the IPO was scheduled for late FY22, but now it has been moved to July after analysing market interest. Zomato IPO was one of the most anticipated IPOs in the current FY. It …
Yes Bank is one of the prominent private lenders that has announced a decision to raise funds from the capital market following the footsteps of HDFC Bank, Kotak Mahindra, ICICI Bank, and Axis Bank. The bank on Thursday said that it has filed with the exchange to issue follow-on public shares to raise Rs 15000 …
Yes Bank is aiming to launch IPOs (Initial Public Offering) worth Rs 80 billion to raise its tire-1 capital ratio to 10 percent from existing 6. 3 percent. News floated in the market that the bank is looking to raise public funds to reinforce its capital position. It’s worth mentioning that the bank’s shares tanked …
PB Fintech, the group that owns websites PolicyBazaar and PaisaBazaar, saw its shares listed at a premium of 23%. This premium is against the issue price of Rs. 980 as of 15 November 2021. So, let’s delve into knowing more about the IPO and the subsequent performance of PB Fintech below. Highlights of PB Fintech …
Alok Bansal and Yashish Dahiya, founders of PB Fintech, the parent company of PolicyBazaar, have substantially reduced the number of shares they are promoting via offer for sale (OFS) in their IPO set to open on 1 November 2021. Sources known to the matter mentioned that the elevated interest for tech IPOs and scope for …
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 …
