MobiKwik's IPO plans lapsed in November 2022 due to adverse market conditions.
Utkarsh Small Finance bank got SEBI approval for the share sale in October 2022
The company intends to use the IPO proceeds primarily for acquisition of rivals in similar areas and to fund working capital needs, Spectrum said in a statement.
Sources said regulations prevent any company from using IPO proceeds for a share buyback.
I-Tail company is the largest debut in Bangkok since Thai Life Insurance Pcl. in July.
The Initial Public Offering (IPO) received bids for 24,29,325 shares against 1,04,70,246 shares on offer, according to NSE data.
The bank will likely go for a smaller IPO, which will be launched in FY24, managing director and chief executive officer Kadambelil Paul Thomas has said
The initial share sale will open for public subscription on November 2 and conclude on November 4.
China’s IPO market has defied headwinds such as rising interest rates and fears of a US recession, which have brought major equity fundraising elsewhere to a virtual standstill
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
Shares of logistics and supply chain startup Delhivery have slid below the IPO price in the grey market ahead of listing on May 24. Here's a list of initial public offerings (IPOs) scheduled to be listing this week.
LIC has the uphill task of maintaining market share, sustaining profitability and revenue growth and boosting investments in technology after its stock-market listing
The government is targeting to raise Rs 21,000 crore by selling a 3.5 percent stake, or around 22 crore shares, in the Life Insurance Corporation of India
In its official note, the fund stated that "with the equity markets having corrected since last month, some quality businesses in the recently listed IPO universe are seeing meaningful correction and are now available at attractive valuations".
Also, the regulator has extended anchor investors' lock-in period to 90 days and now, funds reserved for general corporate purposes will be monitored by credit rating agencies.
The initial public offering (IPO) of Life Insurance Corporation (LIC), touted to be the biggest ever in the country’s history, is expected to hit the markets by March.
A market listing puts newer brands squarely in the public eye, helps them reach out to a wider consumer base and garner instant 'trust'.
The initial share-sale comprises fresh issuance of equity shares of up to 38 lakh and an offer for sale of up to 90 lakh equity shares by promoter Abhishek Bansal, according to the draft red herring prospectus (DRHP).
Business software maker Freshworks create history by ringing the bell at Nasdaq MarketSite on September 22 as the company became the first Indian software as a service (SaaS) company to go public on the US stock exchanges.
In a notification, Sebi said that if the object of the issue involves offer-for-sale or financing other than for capital expenditure for a project, then the minimum promoters' contribution of 20 percent would be locked-in for 18 months from the date of allotment in the IPO.
India's tech boom, it added, has been long awaited, with strong global and domestic appetite for what are widely believed to be world class businesses in the pipeline, notwithstanding initial losses that have largely stemmed from the deep discount business models adopted by them.
In the year 2020 many companies have gone public. A couple of initial public offerings (IPOs) which debuted in the last year, saw a record-breaking subscription from investors and delivered at least double-digit returns. Experts expect the momentum to continue as several companies have lined up IPOs. In the last one year, while four companies registered more than 100 percent gains on debut, Clean Science & Technology gained close to 100 percent (up 98.3 percent). Let’s have a look at the 8 IPOs who has gained more than 100 percent on the listing day. (Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.)
Earlier on July 16, Zomato's IPO was subscribed 38.25 times on the final day of the bidding. The offer received bids for 2,751.25 equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
In its RFPs, DIPAM said that the potential size of the IPO is expected to be larger than any precedent in Indian markets.
Zomato’s initial public offering received 1.05 times subscription on the very first day of the IPO launch. According to the subscription data available on the exchange, the public issue of one of the leading food service platforms in India has received bids for 75.60 crore equity shares against IPO size of 71.92 crore equity shares.