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.
Bumper pool of fees has become all the more significant for bankers in an especially harrowing year, that saw sickness and death come much closer to home due to Covid pandemic.
Byju’s is aiming to file its initial IPO documents as early as the second quarter of next year. The startup and its bankers are discussing a valuation of $40 billion to $50 billion.
The airline plans to utilise over Rs 2,015 crore from the IPO proceeds towards pre-payment or scheduled repayment of all or a portion of certain outstanding borrowings.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
COMMENTS