India’s general market capitalisation could surge by a whopping $160 billion over the next 12-18 months, owing to an increase in equity fundraising via IPOs. Note that this figure does not include the upcoming initial public offering of LIC. Leading investment banking company Credit Suisse says that although public market activity has been straggling in …
Online payments firm MobiKwik has received approval from the Securities and Exchange Board of India to raise Rs. 1900 crores ($255 million) via IPO (Initial Public Offering). According to their draft papers, the IPO will consist of a fresh issue of shares worth Rs. 1500 crores and an offer for sale (OFS) worth Rs. 400 …
Indian ethnic wear and artisan product retailer, Fabindia is the next in line in the IPO bonanza currently buoying Indian investor sentiments. The company, established in 1960, is looking to raise around $1 billion from the markets this autumn. It is expected to file its prospectus in November. To know more about the IPO and …
One of India’s largest edible oil producers and distributors, Adani Wilmar, is planning a Dalal Street entry with an IPO of Rs. 4500 crores. The company, a 50-50 partnership between Wilmar Group and Adani Enterprise, has filed DRHP with market regulator SEBI on 2 August 2021. Details of this DRHP are yet to be available. …
Delhi-based pioneer D2C brand and the fifth largest wearable brand globally, boAt is all set to debut the primary market with its IPO. With this move, boAt will become the first-ever D2C brand to launch its IPO. The company plans to generate as much as Rs. 2,000 crores through this public issue and will file …
NTPC is recognised as India’s largest electricity producer. Recently, this company has been inching towards green energy as more entities are trying their best to lower coal usage. As a part of its new plan, this coal giant is planning to float its shares via IPO. As per reports, NTPC is planning to raise nearly …
According to reports, BlueStone Jewellery, which is funded by Ratan Tata, plans to raise about Rs 1,500 crore via an IPO and has hired IIFL Securities, ICICI Securities, JM Financial and Jefferies as investment bankers. The planned IPO, which would include a new issuance of equity as well as an OFS, is expected to dissolve …
Following the filing of draft papers with market regulator SEBI, LIC has started its roadshows to attract investors across the globe. The aim here is to get the attention of big-ticket investors seeking their participation in India’s leading public issue to date. As per the officials of the Banking and Finances Ministry, the following fund …
According to the Life Insurance Corporation of India’s Draft Red Herring Prospectus (DRHP), the unclaimed sum was Rs 18,495 crore at the end of March 2021 and Rs 16,052.65 crore at the end of March 2020. At the end of March 2019, the total unclaimed money was at Rs 13,843.70 crore. Every insurer is expected …
A Brief Overview For the uninitiated, initial public offerings (or IPOs) serve as a great way via which private companies can go public and acquire sufficient capital in the process that they can direct towards their growth and expansion. The past year and a half have witnessed a slew of companies go public via this …
