Oyo, which refiled its draft red herring prospectus (DRHP) with the SEBI under the recently introduced pre-filing route in March 2023, was sitting on a cash reserve of around Rs 2,700 crore, according to the presentation.
The IPO comprises fresh issue of equity shares worth Rs 180 crore and an offer for sale of 82.94 lakh shares by promoter Ramveer Singh, Draft Red Herring Prospectus (DRHP) with the regulator showed.
Founded by Ashish Jakhanwala and Manav Thadani in 2010, Samhi Hotels had first filed for an IPO in September 2019 but later dropped the plans due to market conditions and the impact of the Covid-19 pandemic.
Oyo cut losses to Rs4,000 crore in FY21 from about Rs11,100 crore the previous year as it reinvented itself from an online, budget hotel chain to a technology-driven, highly scalable hospitality consultant. But there are problems, too
rithvi Haldea, Chairman, Prime Database and Deena Mehta, MD, Asit C Mehta Investments are very upbeat on the NSE IPO. Haldea says 2016 was a good year for IPOs and 2017 looks even more promising.
Security and Intelligence Services today filed their draft papers with market regulator Sebi to raise an estimated Rs 500 crore through an initial public offering.
MEP Infrastructure too will be filing for a DRHP for InvIT within a month's time, said Vice Chairman and Managing Director Jayant Mhaiskar, adding that post that the approval is likely to come in 45 days.
GAIL was rallying in trade on Friday and was up around 5 percent on back of news that Mahangar Gas IPO will be announced next week. Both GAIL and British Gas Asia (BG) hold 49.75 percent each in Mahanagar Gas.
The proceeds of the issue will be utilised for repayment of loans, to fund working capital requirements and for other general corporate purposes.
Nihilent Technologies has received capital markets regulator Sebi's approval to raise an estimated Rs 350 crore through its initial public offering.
Quess Corp, the staffing services firm owned by Thomas Cook (India) Ltd, is set to file draft papers with capital markets regulator Sebi to raise an estimated Rs 400 crore through an initial public offer
Intas Pharma is likely to file Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (Sebi), in the next two weeks. It has decided to revive its IPO plan.
New Delhi-based multi-brand retail chain V-Mart Retail is set to launch its initial public offer of 57.46 lakh equity shares on February 1, 2013. Lalit Agarwal, CMD, V-Mart Retail told CNBC-TV18 the company plans to raise around Rs 100 crore from the IPO proceeds.