Bikaji Foods International Ltd has filed preliminary documents with SEBI in order to seek money via an IPO. The IPO comprises a pure offer for sale of up to 29.37 million shares by the company’s current promoters and shareholders. Deepak Agarwal and Shiv Ratan Agarwal each have up to 2.5 million shares in the OFS. …
A Brief Overview The Union Budget announcement for 2022-2023 made clear the government’s desire to follow through with its insurance behemoth, Life Insurance Corporation of India’s (or LIC), public issuance of stock in the form of an initial public offering (or IPO). Anticipated to be the country’s largest ever IPO, LIC has begun its campaigning …
One of India’s leading FMCG firms, Bikaji Foods, has filed DRHP with capital market regulator SEBI to go public. The company has plans to raise funds by selling about 2.93 crore shares in this public offering. As per various market sources, this IPO is likely to be worth about Rs. 1,000 crores. Additionally, this will …
JK Files & Engineering Ltd and Elin Electronics Ltd, both situated in Delhi, have received clearance from the Securities Exchange Board of India (SEBI) to undertake initial public offerings (IPOs). JK Files & Engineering, which is backed by Raymond, submitted draft papers in December to seek Rs 800 crore via an initial public offering (IPO) …
In 2021, it was not only stocks that generated whopping returns for their shareholders. Some IPOs (Initial Public Offerings) too delivered stellar returns for their investors. The IPO of EKI Energy Services is one such phenomenal issue that got listed in April 2021 on BSE SME Exchange. Keep reading to know more! Get an Insight …
Life Insurance Corporation of India said on 3rd March that it has chosen insurance veteran Sunil Agrawal as its new chief financial officer ahead of its big IPO debut, according to sources. Starting in March 2022, he has been appointed on a contract basis. In September 2021, LIC advertised for the recruitment of a CFO …
The long-awaited IPO of Life Insurance Corporation of India, which was originally scheduled to launch in the financial year 2021-22 is likely to be postponed to FY 2022-23. The reason the government is planning to delay the launch is uncertain times prevailing due to the geopolitical tensions between Russia and Ukraine. The financial markets around …
According to DIPAM Secretary Tuhin Kanta Pandey, the government aims to conduct the LIC IPO as soon as stock market volatility caused by Russia’s invasion of Ukraine subsides. The Securities and Exchange Board of India has given LIC’s DRHP “prima-facie” approval, subject to the fulfillment of certain conditions, Pandey said during an industry engagement. “We …
The most talked-about IPO of recent time, Zomato IPO, made a stellar debut in the stock exchanges. On listing, the shares rallied 66 percent and debuted at Rs 125.85 premium against the issue price of Rs 76. The offer received a 38x overall subscription. With the substantial listing gain, the company’s market capitalization value crossed …
PolicyBazaar, India’s largest online insurance aggregator has filed its draft red herring prospectus (DRHP) with SEBI. It aims to raise Rs. 6,017.50 crores via an initial public offering. The IPO will consist of a fresh issue of Rs. 3,750 crore shares along with an offer for sale (OFS) of Rs. 2,267.50 crores by its current …
