The sale received bids for 34.7 million shares against 26.5 million offered. Anchor investors bid 60 times more than the shares on offer for their category.
India got $100 million worth of foreign inflows into stocks so far in October, among the highest in Asia. Moreover, in the fourth quarter, Paytm and Flipkart are aiming for an IPO.
Paytm, backed by SoftBank, Berkshire Hathaway and Jack Ma’s Ant Group, plans to raise as much as Rs 166 billion from its share sale, according to its draft prospectus.
On 1 October, Paras Defence and Space Technologies made an unprecedented debut on bourses as its stock price rose 171% to list at Rs 475 on BSE, over its issue price of Rs 175 per share.
The New Delhi-based company is also looking to sell its stake in NTPC-SAIL Power Co., a joint venture with SAIL for supplying electricity to the steelmaker’s mills and townships.
Oyo, backed by SoftBank Group & Airbnb, plans to raise Rs 7,000 cr through sale of new shares. The rest will be secondary shares or those sold by existing stockholders.
The firm, which was founded in India & moved to Silicon Valley, boosted revenue about 40% last year after pandemic forced businesses to go digital. Its sales continue to grow in 2021.
The proposed initial public offer plan of the hospitality firm follows the success of Zomato's IPO that ended with bumper oversubscription on 16 July, the biggest since March 2020.
On the first episode of Two Much With Kajol and Twinkle, Aamir Khan and Salman Khan were confronted with another hypocrisy: age gaps. And they didn't come out looking good.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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