NTPC IPO Updates: How Much Subscription On Day 1?
NTPC Green Energy launched its IPO (Initial Public Offering) yesterday, November 19 2024. This IPO secured an impressive 33% subscription on day 1, led by retail investors who booked 1.33 times the shares offered. The company also gained Rs 3,960 crore from its anchor investors. Non-institutional investors subscribed to 16% of the offered shares. NTPC…
Vikas
Swiggy IPO To Transform Its 500 Employees’ Lives
The food delivery giant Swiggy made its highly-anticipated stock market debut on November 13, 2024. It is not only one of the biggest IPOs (Initial Public Offering) in recent years but also impacted the company’s employees’ lives. According to Money Control, 500 of Swiggy’s employees are likely to become crorepatis through the ESOP (Employee Stock…
abhinav singh
Swiggy Raises ₹5,085 Crore From Anchor Investors
The leading food and grocery delivery giant, Swiggy, raised ₹5085 crore from anchor investors. The anchor investors received shares at ₹390, the upper end of the price band of ₹371-390 per share set for the IPO (Initial Public Offering). According to sources, more than half of the anchor book has been allotted to domestic investors. …
Bajaj Housing Finance Grew By 135%: Hold Now or Wait?
Bajaj Housing Finance has become the fourth-best listing in 2024, falling behind Unicommerce e-solutions, Premier Energies, and BLS E-Services. Soon after listing, the prices of the shares rallied at 114% premium to its IPO price and eventually closed at a price of ₹165. Moreover, according to Brokerage firm PhillipCapital, the prices may go upto ₹210,…
Shipra Prajapati
Zepto’s $1 Billion Boost: Quick Commerce is Taking Off!
Quick commerce in India continues to rise, with Zepto becoming the fastest-growing startup in the segment. Zepto raised nearly $1 billion in the last two months, with $665 million in June for a valuation of $3.6 billion and $340 million this month for a valuation of $5 billion. According to sources, Zepto was planning to…
Suryansh
Swiggy’s Major Pre-IPO Development: What’s the Big News?
Swiggy, one of the leading companies in the food and grocery space, has declared one of the biggest ESOP (Employee Stock Option Plan)liquidity programs to date. The company has announced that it will offer ESOP liquidity to more than 2,000 employees across all departments and levels before launching its IPO. This program allows employees to…
Suhail Sameer To Step Down As BharatPe CEO
After Vijay Aggarwal, Rajat Jain, and Nehul Malhotra, now Suhail Sammer is reportedly stepping down. These three senior executives left the company last year to pursue their entrepreneurial interests. Suhail Sameer joined BharatPe in 2020 as President. When Grover’s focus shifted to the bank, all the top leaders were asked to report to Sameer. At…
Aman Goyal
Arvind Agarwal Quits As Nykaa’s Chief Financial Officer
Arvind Agrawal, Chief Financial Officer at Nykaa, the beauty product retailer, resigned from the company. FSN E-commerce Ventures, the parent company of Nykaa, announced this in a regulatory filing on Tuesday. Agarwal is leaving “effective close of business hours on November 25 2022, to pursue other opportunities in the digital economy and start-up space,” the…
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Yash Sharma
Navi Technologies Gets Approval From SEBI For IPO
Sachin Bansal’s Navi technologies get the nod from the Security and Exchange Board Of India (SEBI) for an Initial Public Offering (IPO), providing the Flipkart co-founder with a boost as he works to create a financial services conglomerate. Navi Technologies is a fintech company that submitted the draft papers to SEBI in March this year…
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