LIC’s initial public offering is set to be the biggest IPO ever in India, with an issue size ranging between Rs. 80,000 to 1,00,000 crores. This public offering is scheduled for March 2022. According to DIPAM secretary Tuhin Kanta Pandey, bonuses promised to policyholders will remain unaffected after the listing, even as the yearly surplus …
Gold Plus Glass Industry is aiming to raise an amount of around Rs. 1,200 crores through an IPO. The company is in talks to use these funds on boosting its capacity. In addition, this Premji Invest backed company has also engaged nearly half a dozen investment bankers, including Axis Capital and Jefferies, as per reports. …
Mumbai-based e-commerce firm, Purplle is planning to float its initial public offering in the next 3-4 years. The online beauty and wellness store operator made this announcement just after Nykaa launched its initial share sale. To know more about what lies ahead for Purplle, read on. Purplle Aims to Keep on Building Momentum The CEO …
The IPO frenzy in India seems to have lured foreign investors as well to the mix. At the start of November, a closed-door meeting was held between FPIs (Foreign Portfolio Investors) and SEBI (Security Exchange Board of India) to relax some of the IPO rules that prevent FPIs from getting a more significant chunk of …
The chairman of India’s largest insurance provider, LIC, seems positive about touching the milestone with its public offer in March 2022. During an exclusive interview, Chairman MR Kumar stated that preparations for this IPO are sprinting. He also described what this mega IPO would mean for investors, shareholders and the stock market. Keep reading to …
An Overview Most traditional metrics, such as yield differentials and price-to-earnings multiples with benchmark bonds, appear to overvalue Indian equities, but the pattern among promoters to uniformly increase ownership in listed companies represents their self belief in their companies, according to central bank economists in their recent data on the economic situation. The Reserve Bank …
India’s capital market regulator Securities and Exchange Board of India, has proposed the utilisation of IPO funds. The target here is to limit the funds raised via IPOs that firms can use for the purpose of mergers and acquisitions unless they are clearly stated beforehand. Additionally, monitoring the funds reserved for general corporate purposes is …
The initial share sale of prime labware products manufacturer Tarsons Products concluded for subscription on 17 November 2021. This IPO saw strong demand from investors on the closing date, garnering a massive subscription of 77.49 times. The size of the issue, amounting to Rs. 1,023.47 crores consisted of fresh issue of equity shares worth Rs. …
Abans Holdings is closely involved with business services activities and is a leading company in this space. The company has filed its DRHP to derive the benefits of getting listed on the stock exchange and raise funds through an initial public offer. As per the draft paper, the upcoming IPO will comprise new share issuance …
Veeda Clinical Research has filed preliminary papers with SEBI to raise funds worth Rs. 831.60 crores via an initial share sale. As per the DRHP, this public issue will comprise fresh issuance of equity shares worth Rs. 331.60 crores. Moreover, it will include an offer for sale (OFS) of Rs. 500 crores. More Details Regarding …
