Digital payments firm Paytm has added another 5.45 lakh shares to its IPO through its employees. In a recent regulatory filing, One97 Communications mentioned that another 20 employees had converted their ESOP to a total of 5,45,735 shares for monetisation. Previously, 200 former and current employees of Paytm have also gone down this route of …
Local IPOs have recently heated up to quite a frenzy. This is despite the economic slowdown brought by the deadly pandemic. All this has led to a rewarding year for Indian investment bankers. Interestingly, Mumbai listings have raised as much as $10.2 billion in 2021. Moreover, banks involved in these offerings have churned out humungous …
By the third and last day of Paras Defence IPO, i.e., 23 September 2021, the company’s shares were subscribed 304.26 times. Paras Defence is among the leading players in the field of defence and space engineering products and solutions. Its diverse offerings and advanced R&D capabilities make this company stand out among its peers. To …
Casagrand is a famed real estate developer based in Chennai. To fuel growth plans, this real estate developer is planning to fundraise a maximum of Rs. 1,000 crores via its initial public offering. Moreover, the company plans to enhance its footing in Bangalore and enter the Hyderabad market by investing Rs. 1,500 crores. Bangalore and …
Hotel and hospitality chain Oyo is planning to go public with an IPO of about $1 billion. The company is expected to file its draft red herring prospectus (DRHP) next week, as confirmed by sources close to the company. This initial public offering is expected to have a valuation of between $1 billion to $1.2 …
The Centre is likely to block Chinese investors from buying shares in what could be India’s biggest ever IPO (Initial Public Offering) worth $12.2 billion. While GOI (Government of India) will allow foreign investors to participate in this IPO, it is suspicious of Chinese ownership. The State-owned insurance giant LIC (Life Insurance Corporation) is considered …
New IPOs continue to enchant stag investors across all investment sectors. Taking a cue from the popular trend, two new companies have joined the IPO bandwagon, CMR Green Tech, and Paradeep Phosphates. Let us uncover more details about these upcoming IPOs below! CMR Green Tech IPO – Latest Development A leading metal recycling company, CMR …
The National Stock Exchange (NSE), which is the largest bourse of the country, has been planning for its public offering for quite some time. It has been facing much pressure from its shareholders, who have wanted to liquidate their shares for over a decade now. It wrote to market regulator SEBI seeking permission to once …
Paras Defence is one of India’s leading developers and manufacturers of defence and space engineering products. The company closed its IPO subscription on 23 September 2021. This public issue had a total valuation of Rs. 170.78 crores, including fresh issue equity shares of up to Rs. 140.60 crores and the remaining as an OFS. At …
An Overview It’s not just companies that are raising big cash from the primary market now that stock markets are rallying. Investment banks are also making more money as these companies become more publicly traded. According to data provided by Prime Database, investment bank fees have climbed at a higher rate than the number of …
