Investors could witness WAPCOS’s initial public offer by the end of March. As per reports, the Department of Investment and Public Asset Management or DIPAM had floated tenders in February. The said tenders were to engage a registrar and an advertising firm to sell a nearly 25% stake in WAPCOS via a public offer. WAPOS …
Indian e-commerce giant Snapdeal is considering going public with an issue of about $400 million. Backed by SoftBank Group Corporation, the online shopping company is in discussion with its advisors regarding this public offer. According to sources close to the company, they are targeting a Dalal Street debut by next year with an estimated valuation …
On 2 September 2021, the Government of India was looking for bids from legal advisors for the second time regarding LIC IPO, which is believed to be the largest ever public offering in India. This decision was passed in light of the low interest during its first attempt. So, what’s cooking here, and how will …
Ami Organics closed its IPO for public subscription on 3 September 2021. The Rs. 570 crores IPO comprised Rs. 200 crores new issue and an OFS worth Rs. 370 crores. Collectively, the shares were subscribed a total of 64.54 times. Subsequently, this specialty chemical company is set to announce its basis of allotment on 8 …
Veeda Clinical Research – the Ahmedabad-based medical analysis organisation, is on the verge of lifting Rs. 500 – 700 crores through an IPO. As per sources, the company is planning to submit the DRHP to the Securities and Exchange Board of India (SEBI). Following this news, the firm declined any comments. But why should investors …
The mega IPO of the country’s biggest state-backed insurance company, Life Insurance Corporation of India, is planned for FY2020-21. However, one of its largest trade unions, All India LIC Employees’ Federation, suggests that this initial public offering can lead to job losses. In addition, the Union expects it to impact LIC’s social infrastructure spending plans. …
Taking a cue from the boom of tech space in this country, Byjus’s, one of India’s leading education portals, plans to accelerate its public offering. The prominent reason behind it seems to be the intention of making the most of the prospects of India’s tech space. That said, Byju’s intends to accelerate its public offering …
Oravel Stays Private Limited, the company that controls OYO Hotels and Homes, has increased its authorised share capital. As per the regulatory filing, it has gone from Rs. 1.17 crores to Rs. 901 crores, denoting quite a significant jump. As per market sources, this move has been initiated by keeping the initial public offering in …
New Delhi-based consumer electronics brand boAt is planning to float a public issue of about Rs. 3500 crores in the coming months. Even though there is no official comment available yet, sources close to this matter is expecting a DRHP (draft red herring prospectus) filing in the next couple of months. The senior management has …
Homegrown mobile phone maker Lava International is almost ready for its IPO (Initial Public Offering) as it has notified all shareholders of an extraordinary general meeting on 10 September 2021. The company will seek shareholders’ approval for this IPO worth Rs. 2,400 crores, consisting of an offer for sale by existing shareholders and issuance of …
