Jio Could Submit its IPO Prospectus As Soon As March
Reliance, a company owned by Mukesh Ambani, is planning to sell its share of Jio Pvt. Ltd. to the public. Jio is ready to file the Draft Red Herring Prospectus for the initial Public Offering by the end of March, using financial data up to December. The government recently changed the rules, allowing large companies…
Shipra Prajapati
Lenskart to Launch IPO at a Valuation of About $8 Billion
India’s largest eyeglasses retailer, Lenskart, is seeking a valuation of nearly 695 billion rupees to launch an Initial Public Offering (IPO). The company has fixed a price band of 382-402 rupees ($4.35 to $4.57) per share for its IPO, a public filing showed. The IPO is forecast to increase about 72.78 billion rupees at the…
Vipin
LG India Soars $13Billion Overtaking Parent Company
India’s LG Electronics rose 53.4% on its trading debut, surpassing its South Korean parent’s market value on Tuesday, as investors took a big risk on its manufacturing and retail plan, which is driven by an increase in consumer demand. India’s recent tax cut on consumer goods, such as refrigerators and televisions, with the central bank’s…
Zepto Shifts Base To India For Cross-Border Merger
Ahead of its IPO (Initial Public Offering), the quick commerce major Zepto moved its base from Singapore to India for the cross-border merger. The company co-founder and CEO (Chief Executive Officer) Aadit Palicha said in a LinkedIn post that the company had received approval from Singaporean courts and the NCLT (National Company Law Tribunal) in…
Himanshu
SEBI Tightens SME Listing Regulations, Widens UPSI
SEBI (Securities and Exchange Board of India) tightened the SME (Small Business Enterprise) listing regulations on Wednesday, Dec 18, 2024. It also approved an overhaul of investment banking regulations and expanded the definition of UPSI (unpublished price-sensitive information). In addition to that, it gave the green signal to reforms, making it easier for Debenture Trustees,…
ABHYUDAYA MITTAL
NTPC IPO Updates: How Much Subscription On Day 1?Â
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…
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…
Abdullah Ansari
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,…
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…
Bhumika