The primary capital market has been experiencing an outstanding year, with 43 mainboard companies launching public issues so far. These initial public offerings have raised an amount of about $9.7 billion in a period of nine months. Considering the time frame, this record-setting amount is the highest ever in the past 20 years. In native …
An Overview As investors continue to pour money into India’s technology sector, KPMG predicts that digital companies will raise around $10 billion through initial public offerings in the next six months. In an interview with many experts, senior partner and head of corporate finance at KPMG India, said, “With these digital firms, India is revealing …
Recently EY published a global IPO trends report studying and analysing the offering across the world. The reports revealed some record-breaking numbers for India. Considering the nine months from January to September 2021, over 70 companies have offered shares raising over INR 728 billion from the public. Out of that, between July-September 2021 itself, there …
Amid stories circulating of an IPO launch for the exchange operator NSE (National Stock Exchange), some offshoot news is also doing the rounds. It seems that institutional investors, doubtful about the proposed IPO move, are divesting their stake in NSE. However, these unlisted shares of this exchange have upped in value to nearly 7%. Take …
Qualcomm Ventures, the investment division of Qualcomm Inc., will divest its 5% stake in MapmyIndia. With this, the company is hoping to gain a return equal to 20 times the weighted average price of Rs. 52 for each share that it presently holds. Qualcomm has remained an investor in MapmyIndia for 13 years. Find more …
The follow on public offer of Ruchi Soya Industries Ltd. was subscribed 3.60 times on 28 March 2022, the final day of bidding. The company offered 4,89,46,260 shares, against which it received a total bid of 17,60,68,935 shares as per the updates available on the official website of NSE. Incorporated in 1986, it is one …
The IPO frenzy of India in 2021 is reaching new heights, with reports from various sources claiming it will hit the Rs. 100 lakh crore mark. After hitting a few snags in the previous financial year due to the Covid-19 outbreak, this is a positive sign. The market, in general, has recovered well, and Sensex …
State-owned Life Insurance Corporation of India (LIC) may invest in online food delivery platform Zomato’s initial public offer, according to news reports. Zomato’s initial public offer has generated a buzz in the recent past, following the announcement of its launch on July 14. The Rs 9,375 crore IPO is the second biggest maiden offer after …
BLS-E Services Limited is a digital service provider that offers Business Correspondence services to major banks in India, Assisted E-Services, and e-government services at the grassroots level in India, debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 309 per share, reflecting an impressive 129% premium …
Gabriel Pet Straps Limited specialises in the production and sale of Pet Straps under the brand name Gabriel, catering to the packaging needs of heavy materials, debuted on the Indian stock market today. Upon its debut on the BSE, the stock opened at Rs 115 per share, indicating a remarkable 14% premium compared to the …
