India’s decade-old start-up firm, Snapdeal, has filed the preliminary documents for its IPO or Initial Public Offering. This company is one among many such tech firms keen to make their debut on the bourses with the aim of legitimising as well as raising capital for expansion. Get more details regarding the same here! Key Highlights …
Sterlite Power Transmission has filed a DRHP with SEBI for an IPO, as reported on 17 August 2021. According to their DRHP, the company will hold an initial sale of shares of up to Rs. 1,250 crores, with a share reservation for its employees. The Anil Agarwal-led Sterlite Power might also indulge in a pre-placement …
India’s market regulator SEBI has put the Rs. 4500 crores IPO of Adani Wilmar on hold due to an ongoing investigation against Adani Enterprises. SEBI mentioned that the observation issuance on the DRHP had been kept ‘in abeyance’ without further clarification. Let us take a closer look at this subject to know more! All you …
India Inc. is reportedly seeing a rise in cases where shareholders have come to play a key role in voicing concerns and posing questions to the management and promoters at annual general meetings (AGMs). Called ‘shareholder activism’, the trend has reportedly caught on in corporate India. Large shareholders, including mutual funds and institutional investors, have …
It’s expected to be a busy IPO season during the last three months of the year – news reports suggest that 35 firms are planning to raise a total of Rs 80,000 crore for the quarter by way of initial public offerings . Among the companies planning to take the IPO route include Policybazaar, Paytm, …
India is zeroing down on a proposal to let foreigner investors participate in the upcoming Life Insurance Corporation IPO. However, the government will limit foreign investments to a maximum of 20%, as per sources. A plan to amend the rules put forward by FDI is currently under discussion. This amendment will let investors purchase shares …
The IPO frenzy that India is currently witnessing is likely to reach new heights around Diwali as a handful of companies are preparing to go public. Paytm and Nykaa are two notable IPOs that are rumoured to go live before Diwali, pending approval from SEBI. Moreover, given the current market condition, sources close to the …
Delhivery is among the leading new age supply chain and logistics chains in India. This Gurgaon-based company converted itself into a private limited company right before filing its initial draft papers. Notably, this is a crucial mandate laid down by SEBI that companies must follow before getting listed on stock exchanges. Here’s more on this …
Digital payment platform Paytm is in touch with various global financial firms and asset managers ahead of its initial public offering. According to sources close to the matter, Japanese group Nomura, US-based asset management company BlackRock and Abu Dhabi Investment Authority (ADIA) are in talks with Paytm for investment in the IPO. Paytm has been …
The Chennai-based Radiant Cash Management Services, an integrated cash logistics player, has filed a draft red herring prospectus with SEBI for its IPO (Initial Public Offering). The Ascent Capital-backed company will raise funds worth Rs. 60 crores via issuance of new shares. This IPO will also comprise an OFS (offer for sale) of over 30 …
