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 …
The public issue of Markolines Traffic Controls will be opening for subscription on 15 September 2021 Wednesday. As per the papers filed with BSE, the company is offering 51,28,000 equity shares at Rs. 78 per unit (including a premium of Rs. 68). For individuals who are looking to apply for this forthcoming initial share sale, …
The omnichannel retail pharmacy chain Wellness Forever has decided to file DRHP (draft red herring prospectus) for an IPO (Initial Public Offering) by the end of September 2021. The company intends to raise Rs. 1500–1600 crores through an IPO consisting of a primary issue and an offer for sale by existing investors. Backed by investors …
By 16 September 2021, the third and last day of Sansera Engineering IPO, the shares were subscribed 11.47 times. As a result, Sansera’s public offer received total bids for 13,88,39,000 shares against the 1,21,09,166 shares reserved for investors belonging to different categories. Sansera is one of the leading auto component manufacturers in India. Its robust …
