IPO - Angel One - Page 240

Tarsons Products has filed preliminary papers with the Securities and Exchange Board of India to float its initial public offering. As per the DRHP, its public issue will comprise a fresh issue worth Rs. 150 crores along with a secondary issue of 1.32 crore equity shares. Promoters Sanjive Sehgal and Rohan Sehgal will be divesting …

The state-controlled Indian Renewable Energy Development Agency (IREDA) is already planning its listing on bourses. On Tuesday, 28 September, the company announced the setting up of an alternative investment fund (AIF) to monitor insurance funds, pension funds, and ESG (environmental, social, and governmental) funds. Let us find out more about the topic! IREDA IPO and …

Ratnaveer Precision Engineering Limited, a prominent player engaged in the production of stainless-steel finished sheets, washers, solar roofing hooks, pipes, and tubes, is listed with a premium of 31% at Rs 128 per share on BSE. On the NSE, the stock debuted at Rs 123.20, indicating an increase of 26% compared to its initial public …

SEBI’s Stance The Securities and Exchange Board of India (SEBI) said on Monday that the IPO approval process for Go Airline (India) Ltd and Aditya Birla Sun Life AMC has been put on hold. The notice on the regulator’s website did not give any justification for the temporary suspension of these approvals; however, it did …

After the IPO was subscribed 3.49 times, IRFC announced the final allotment status of shares on January 27, 2021. Investors who have applied for the issue can check their status online on the registrar’s website or the BSE web portal. The refund process will also start on the same day, and investors will receive the …

After grappling with the initial Covid-19 frenzy, the diagnostic industry jumped back stronger to fulfil its role at the Test-Track-Treat strategy’s forefront. It has resulted in an unprecedented inflow of funds, inflating these companies’ valuations significantly. On the heels of this massively successful year, various private diagnostic service providers are eying an IPO in 2021. …

Retail investors have a strong affinity for IPOs due to the potential for quick listing gains. However, it is important to note that while IPOs can offer significant profits, there are instances where these offerings can result in substantial losses right from the first day of trading, making them potential wealth destroyers. In recent years, …

Laxmi Organics IPO bidding will begin on March 15, 2021. Before the offer opens, let’s look at all the critical pointers associated with the proposal. The original Laxmi Organic IPO size has got reduced from Rs 800 crores to Rs 600 crores. The company mopped up Rs 200 crores through a pre-IPO placement route The …

Ahead of its mega initial public offering (IPO), digital payments firm Paytm has seen a reshuffle of the company board, with Ant Group’s Jing Xiandong being replaced by Douglas Lehman Feagin as the senior vice president of the group. The parent company of Paytm, One97 Communications, is expected to file its draft red herring prospectus …

It is going to be an eventful week as Dalal Street as the domestic equity market turns volatile with 6 primary market offerings hitting the street. These include the likes of Craftsman Automations, Anupam Rasayan, Laxmi Organics, Kalyan Jewellers, and Suryoday Small Finance Bank. In the grey market, unlisted shares for all 5 have been …