IPO, which stands for Initial Public Offer, is the process through which a company or corporate entity enlists itself on the stock market and goes public i.e. raises funds from a large number of investors. The main purpose of an IPO is to raise fresh capital for various business purposes like growth, diversification and more. Notably, holding equity shares of a company is akin to possessing a stake in the ownership of the company. Once the shares of the company are listed, they are available for free trade in the secondary financial market. There are majorly three categories of investors who participate in an IPO, namely Qualified Institutional Buyers, Non-Institutional Investors and Retail investors. In order to rein in the investors and convince them about the prospects of the company, a prospectus is drafted before the IPO. This includes detailed information about various segments such as financial records, future plans for the company, potential risks in the market and expected share price range. Once the market regulator SEBI (Securities and Exchange Board of India) and stock exchange i.e. BSE, NSE etc. approve this, the company is all set for its public debut. For a retail investor to be able to invest in IPOs, it is mandatory that they have a PAN card and a functional Demat account. More
The IPO consists of a fresh issue of shares worth Rs 625 crore and an offer for sale of up to 17 million shares by shareholders and promoters.
This will be the first IPO in the last two and a half months.
The firms are yet to announce the launch date of their IPOs and are waiting for the right time to float their issues as current market conditions are challenging, merchant bankers said.
Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4.
Asish Mohapatra and Ruchi Kalra, alums of IIT and McKinsey, created history by becoming India's first husband and wife team to build their startups into unicorns - OfBusiness and Oxyzo. While Mohapatra is the CEO of OfBusiness, Kalra is the CEO of Oxyzo. What's more - Both their startups are profitable. But what do their startups do? How did they go from bits to billions? When will their companies go IPO? Watch them in conversation on Bits to Billions.
The IPO is entirely a fresh issue of equity shares aggregating up to Rs 105 crore.
Bank is in talks with premier institutes to extend education loans and wants to double disbursements under this head from Rs 7,000 crore currently, the MD said
The lender, which came into the operation in 2010, is primarily focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar
2021 saw an IPO rush as companies across industries went public. Here are some of them with their experience of life after listing.
As on June 30, Shriram Housing Finance’s AUM stood at Rs 5,803 crore
The digital-payments provider is set to become India’s first internet company to hit $1 billion in annual revenue by the end of this fiscal year in March, said Vijay Shekhar Sharma, 44.
Last year, the government had said that it would start the process to list the state-owned entity soon, and the Initial Public Offering (IPO) would hit the market during the next financial year.
India saw about $82 billion pending and completed M&A deals in the second quarter, the busiest ever, according to data compiled by Bloomberg.
The two companies, which filed preliminary IPO papers with Sebi in March, obtained "observation" letters from the regulator during July 18-22, an update with the markets watchdog showed on Monday.
Diess’s aggressive strategies for EVs, software and new-mobility offerings set VW on a path the company’s billionaire owners praised even as they pushed him out of the CEO role.
When Soota turns 80 in November, Happiest Health will be a rare Indian technology startup with an octogenarian founder. He is basing the startup on his holistic view on health and wellbeing, while drawing inspiration from Berkshire Hathaway Inc.’s Warren Buffett and Charlie Munger -- who are plowing ahead in their nineties.
Signalling growing stress in India's startup ecosystem, one source said PharmEasy, backed by big-name investors such as Prosus, TPG and Temasek, is in talks to secure the new funds at a valuation as much as 15% below last year's.
The departures of investment minister Gerry Grimstone and digital minister Chris Philp, following the collapse of UK Prime Minister Boris Johnson's government earlier this month, have led SoftBank to pause discussions about Arm's UK listing next year, the FT reported, citing people briefed on the talks.