The company, which is backed by Warburg Pincus and Faering Capital, had filed preliminary papers with Sebi on April 12 to raise funds through an initial public offering
The firms are yet to announce the launch date of their IPOs and are waiting for the right time to float their issues as current market conditions are challenging, merchant bankers said.
Syrma will finalise the basis of the allotment of shares by August 23 and will initiate refunds to unsuccessful investors by August 24. Equity shares will get credited to the Demat accounts of eligible investors by August 25.
Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4.
The IPO is entirely a fresh issue of equity shares aggregating up to Rs 105 crore.
The lender, which came into the operation in 2010, is primarily focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar
2021 saw an IPO rush as companies across industries went public. Here are some of them with their experience of life after listing.
Last year, the government had said that it would start the process to list the state-owned entity soon, and the Initial Public Offering (IPO) would hit the market during the next financial year.
The IPO will comprise a fresh issue of Rs 600 crore and an offer for sale of 1.8 crore shares by promoters
The firm, backed by consumer focused Belgian family office Verlinvest, dominates the domestic wine market with a portfolio of brands across price points and an expansive distribution network.
According to its managing director Bhavesh Shah, the agro-chemical company GSP Crop Science Pvt Lt plans to start a Rs 500 crore IPO (Initial Public Offering) before the end of the current year.
Provider of pipeline laying solutions Corrtech International has been given the go-ahead by capital markets regulator Sebi to raise money through an IPO (IPO). According to the Draft Red Herring Prospectus, the public offering consists of a new issuance of equity shares worth Rs 350 crore and a sale of 40 lakh shares by the founders (DRHP).
Sixteen IPOs have been launched this year against 24 in the year-ago period. The Russia-Ukraine war and high oil prices are some of the reasons for a weakened market sentiment. Some experts expect the situation to change in the second half of the year
In the first half, Hong Kong saw only one IPO that was larger than $500 million
The company is an out-of-hospital healthcare provider with brand Portea.
Stock markets enable businesses to raise what is called in market parlance as equity capital. At the same time, it provides savers with an alternate avenue to invest their money.
Since September 2020 India has seen a steady launch of IPOs with companies across sectors tapping the primary markets. 'Life After Listing' is a special series that captures changes that come with this milestone. In this episode, Sapphire Foods', one of two franchise owners of Yum Brands' KFC and Pizza Hut in India, listed in November 2021, Director and CEO Sanjay Purohit talks to Anuradha Sengupta on the road ahead.
Deltatech IPO: The offer comprises fresh issues of shares worth Rs 300 crore and an offer for sale of up to Rs 250 crore.
The urgency needed for an issue of this size and strategic intent was missing for almost two years and by the time it dawned upon the government that the sale was in serious danger, it was too late
The drop puts it just behind South Korea’s LG Energy Solution Ltd., which saw a more than 30% peak-to-trough decline in its share price after an initial spike on debut.
'Life After Listing' is a special series that focuses on the key changes for a company's management and founders/promoters after their company goes public. India's primary markets have seen a rush of IPOs since September 2020. Episode 1 features Happiest Minds Technologies. The digital IT company listed in September 2020. From the impact of influencers on retail investors to the challenges in forecasting profitability in a fluid environment to how they evaluate investments on future tech disruption, MD and CFO Venkatraman Narayanan talks to Anuradha SenGupta.
The Gurugram-based fintech firm, which turned profitable for the first time in the quarter ending Dec. 31, will use the funds for marketing, to hire people and make acquisitions, co-founder Upasana Taku said in an interview in Mumbai.
India’s primary market has seen 16 companies raise more than Rs 40,942 crore from public investors in the first five months of 2022
New investors can buy for the long term and existing investors are recommended to stay invested in the company, Santosh Meena of Swastika Investmart said.
The co-founder of IT major Infosys was speaking at the 'India Global Innovation Connect’, a global conference on startups.