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Saturday, April 27, 2024
TopicIPO

Topic: IPO

Mankind Pharma eyes $5 billion valuation in IPO

The IPO for the company will consist of nearly 40.1 million shares on offer for sale from existing shareholders, according to a prospectus.

Oyo mulls cutting IPO size by two-thirds amid tech rout, says Bloomberg report

Oyo is preparing to file a fresh IPO document by this week. The company had initially filed to go public in October 2021 but delayed the share sale due to market conditions.

Tata Motors’ unit Tata Technologies files for IPO

Although, Tata Tech, which provides engineering and product development services, will not offer any of its shares, representing 23.6% of its paid-up share capital, to be sold in the IPO.

Why India’s Unicorn population hit a peak & dropped off in 2022

An October report says number of unicorn start-ups fell from 105 to 84. Inflated valuations, rise in M&As & fresh IPOs next year can result in even more of them losing tag of unicorn.

Winemaker Sula’s IPO oversubscribed with bids worth over Rs 1,500 crore on final day

Sula is targeting a valuation of up to Rs 2,913 crore in India's first IPO by a pure winemaker, tapping a rise in consumption in a country that prefers beer, whisky and country liquor.

Zomato, PayTM, Nykaa — how investors have lost big time after these big tech IPOs

Analysis of 6 major tech IPO launches of 2021 — Zomato, Paytm, Nykaa, Fino Payments Bank, Policy Bazaar and CarTrade Tech — shows investor euphoria could be fading.

Gautam Adani’s food venture Adani Wilmar is best-performing IPO in Asia

The food company has almost tripled since its debut and outperformed 121 Asian initial public offerings worth over $100 million this year.

LIC shares slump in market debut after record Rs 205.6 billion India IPO

The shares fell as much as 9.4% to Rs 860 versus their IPO price of 949, before paring about half of the losses. LIC is the fourth-largest deal among global IPOs priced this year.

SPACs are all the rage to list companies on stock exchange – India must not turn a blind eye

Special Purpose Acquisition Companies, or SPACs, offer target companies a swift and hassle-free mechanism to list on stock exchanges.

Rajesh Jain, India’s dotcom-era pioneer, preps second startup for launch in coming year

Netcore Cloud Pvt. is a software-as-a-service, or SaaS, that specialises in offering customer communication and engagement solutions to businesses.

On Camera

Congress can’t deny Modi’s charge of Muslim quota. Karnataka & 2009 manifesto are proof

The issue of the Muslim quota has the potential to polarise SCs, STs, and OBCs along religious lines in the ongoing Lok Sabha elections. It benefits the BJP.

Foreign policy resonating among more Indians in 2nd & 3rd tier towns of India, says EAM Jaishankar

Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.