The yoga guru and founder of Patanjali Ayurved, Baba Ramdev, has said in a recent interview that the Patanjali IPO is in contention but not confirmed yet. According to him, the decision to launch this IPO will be finalised by the end of this financial year. Currently, he is busy with Ruchi Soya’s Rs. 4300 …
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Initial public offerings (IPOs) such as Zomato demonstrate the robustness of the Indian market: SEBI Chairman
24 July 2021An Overview In the wake of several concerns raised about Zomato’s successful IPO, SEBI Chairman Ajay Tyagi said on Thursday that recent public offerings demonstrate the maturity of the Indian market, which is accepting the business model of new age tech companies, which may not be valued using traditional profitability metrics. He noted that successful …

Tatva Chintan IPO: How to Check Allotment Status?
24 July 2021The initial public offering of Tatva Chintan Pharma, a speciality chemical manufacturer, was concluded on Tuesday, 20 July 2021. It witnessed a mammoth 180.36 times subscription, which propelled it to become the second-most subscribed IPO in 2021, after MTAR technologies. Following an IPO’s closure, it takes about 6 days for the allotment to be finalised. …

Pension Money Will Soon be Allowed into IPOs
27 July 2021The Chairman of PFRDA, Mr. Supratim Bandyopadhyay, has mentioned in his recent interview that they are drafting new rules allowing pension fund managers to invest in the open market. These rules, when finalised, will enable fund managers to invest in IPOs, and listed companies as they deem fit. Why this Sudden Change? As per current …

Windlas Biotech IPO: Date, Price and Other Issue Details
27 July 2021Windlas Biotech Ltd. is all geared up to open its initial public offering on 4 August 2021. The IPO will close on 6 August 2021. Here’s Everything You Need to Know About the Windlas Biotech IPO The initial public offering will consist of a new issue of Rs. 165 crores. It also includes an offer …

LIC Reserves 10% In the IPO For Customers: Why Is It Good News?
27 July 2021Policyholders are likely to receive a 10 percent reservation in the upcoming LIC IPO. Depending on the fixed price band, policyholders will also receive the IPO shares at a discounted rate. LIC IPO, expected to launch during the last quarter of the current financial year, is one of the most talked-about IPOs. It will be …

LIC IPO: The Government Could Sell LIC Stake in Two Phases to Avoid Crowding Out
27 July 2021LIC IPO is among the most awaited initial public offerings in the country. For good reason! It is not every day the Central Government decides to dilute its stake in one of the most recognised companies in the country. LIC IPO is expected to go live in the first half of the next fiscal year. …

Glenmark Life Sciences Ltd. IPO Opens Today: Here’s All You Need to Know
27 July 2021The initial public offering of Glenmark Life Sciences opens today, 27 July 2021, with a price band of Rs. 695 – Rs. 720 each share. Glenmark IPO is set to close on Thursday, 29 July 2021. The company, a wholly-owned subsidiary of Glenmark Pharmaceuticals, is one of the major producers of Active Pharmaceutical Ingredients (APIs). Established …

Glenmark Life Sciences IPO Fully Subscribed On Day 1
29 July 2021A subsidiary of Glenmark Pharma, Glenmark Lifescience IPO, got fully subscribed within two hours of opening. The IPO received a strong response from all investors, especially the retail segment, who led the charge by oversubscribing on the first day. Glenmark Lifescience is the subsidiary of the listed Glenmark Pharmaceutical, manufacturers critical non-commoditized APIs for chronic …

Rolex Rings Ltd. IPO Opens On July 28, 2021: Aims To Mop Rs 731 Cr
30 July 2021The IPO bell rings for Rolex Rings, an auto component manufacturer based in Rajkot, Gujarat. They are among the top five forging companies in the country and global manufacturer and supplier of hot rolled forged, machined bearing rings, and automotive components for various vehicles, including two-wheelers and four-wheelers. After the stellar debut from the tech …
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