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Business News

RR Kabel IPO Opens for Subscription

According to the official release, RR Kabel will utilize the raised funds towards repayment or prepayment, in full or in part, of borrowings done from banks and financial institutions worth INR 1,360 million and other general corporate purposes.

By Paromita Gupta

Business News

Jyoti CNC Automation Limited Files DRHP with SEBI

By Paromita Gupta

Business News

With Eyes in the Sky: How ideaForge Was Born and Became Public in 2023

By Paromita Gupta

Business News

Arkade Developers Limited Files DRHP With SEBI

By Teena Jose

Business News

Aeroflex Industries IPO Lists At 83% Premium

Incorporated in 1993, Aeroflex Industries manufactures and supplies environment-friendly metallic flexible flow solution products

By Teena Jose

Business News

Doms Industries Limited Files DHRP With SEBI, Aims To Raise INR 1200 Crore Via IPO

The funds raised through the fresh issue are proposed to be utilized for the part funding of the cost of establishing a new manufacturing facility to expand the company's production capabilities

By Teena Jose

Business News

Jio Financial Services Lists on BSE and NSE

The IPO consists of 6,35,32,84,188 Equity shares of INR 10 each allotted pursuant to the Scheme of Arrangement.

By Paromita Gupta

Business News

Cello World Files INR 1750 Crore IPO Papers With SEBI

The maiden public issue is a complete offer for sale (OFS) of up to INR 1,750 crore by promoters and other selling shareholders with no fresh issue of equity share component, according to the draft red herring prospectus (DRHP)

By Teena Jose

Business News

Yudiz Solutions Ltd To Open Its Rs 44.84 Crore IPO on August 4

In March, the company filed and got the DRHP approval and in May, it got the nod from NSE. Notably, the IPO will make it the first company in the combined spaces of blockchain, AI and gaming to get publicly enlisted.

By Paromita Gupta

Business News

Matrix Gas Concludes Pre-IPO Fundraising And Files DRHP For IPO

The company proposes to utilize the net proceeds from the fresh issue primarily towards meeting the working capital requirements for sourcing natural gas, rLNG and importing LNG cargoes

By Teena Jose

Business News

Utkarsh Small Finance Bank’s Subscription Opens Today

USFB is aiming to raise INR 500 crore through its IPO and will get listed on the BSE. The IPO will consist fully of fresh issues with a face value of INR 10 and an offer price of INR 23-25.

By Paromita Gupta

Business News

Strong Debut! Cyient DLM Lists at a Premium of 52% Over the Issue Price

It was listed on the BSE at INR 401, and on NSE at INR 403 today, an over 50 per cent jump on the price band initially offered.

By Paromita Gupta

Business News

ideaForge Lists at a Premium of 94% at BSE

It was listed at INR 1,305.10 per share at the BSE and INR 1,300 per share at the National Stock Exchange against a price band of INR 638 to INR 672 offered by the drone manufacturers at the time of opening its initial public offering

By Paromita Gupta

Business News

Veefin Solutions Lists at BSE SME at a Premium

The IPO consists of 56,99,200 shares with a face value of INR 10, priced at INR 82 for a total of INR 46.73 crore. The minimum lot size is 1600 shares, which will equate to INR 1,31,200 per application.

By Paromita Gupta

Business News

SEBI Reduces IPO Listing Time To 3 Days

According to reports, the revised timeline of T+3 days will be made applicable in two phases

By Teena Jose

Business News

Cyient DLM To Open Its Rs 592 Crore IPO on June 27

Cyient aims at allocating 75 per cent of the Net Issue for qualified institutional bidders (QIBs), with 15 per cent being reserved for non-institutional bidders. The remaining ten per cent shall be allotted to retail investors.

By Paromita Gupta

Business News

Byju’s Announces Plans For Aakash Education IPO In Mid-2024

According to an official statement released by the company, Byju's board has officially approved the IPO and it is expected to announce the appointment of merchant bankers for the IPO shortly

By Teena Jose

Business News

Indel Money Announces Third Tranche Of Its Public Issue Worth Rs 100 Crore

The company will open its issue on June 6 and close on June 19 (with an option of early closure in case of early oversubscription).

By Paromita Gupta

Business News

Ola Electric Engages Goldman Sachs And Kotak As It Aims For IPO By Early 2024

According to reports, the IPO planned by Ola Electric will consist of a combination of primary and secondary share offerings

By Teena Jose

Business News

SEBI To Cut Down IPO Listing Timeline

The proposed reduction in timelines for listing and trading of shares will reportedly benefit both issuers as well as investors

By Teena Jose

Business News

RR Kabel Files IPO Papers For INR 225 Crore

The proceeds from the IPO will be used towards funding repayment or prepayment of loans taken from banks and financial institutions, estimated at INR 170 crore

By Teena Jose

Business News

Pine Labs Shelves IPO Plans Considering Rout In Global Markets: Report

As per the report, Rau said that the company ended FY23 with net revenue of INR 1600 crore and positive EBITDA

By Teena Jose

Business News

Fundraise Through IPO More Than Halves To INR 52116 Crore In FY23: PTI

According to Prime Database, just 37 companies hit the main board listing process in FY23, much lower than 53 IPOs in FY22

By Teena Jose

Business News

Yudiz Solutions Files Draft Papers For IPO

The IPO claims to make Yudiz, the first company in the blockchain, artificial intelligence and game development space to publicly enlist in the market

By Teena Jose

Business News

Sebi Asks Oyo To Refile the Draft IPO Papers With Updates

According to the filing showed to Sebi, the firm's revenues in the first half (April-September) of FY23 grew 24% year-on-year to INR 2905 crore

By Teena Jose

Business News

Mamaearth’s Parent Company Honasa Consumer Files IPO Papers

According to the DHRP, the company has proposed a fresh issue of equity shares up to INR 400 crore and an offer for sale (OFS) component by a number of outside investors and individual shareholders up to 46,819,635 shares

By Teena Jose

Business News

Prop-tech Homesfy Realty Opens IPO

The funds which will be raised by the company will be directed towards working capital requirements, organic growth, and general corporate purpose

By Paromita Gupta

Business News

FHRAI Approaches Sebi To Block OYO From IPO Launch

The move comes at a time when the Competition Commission of India (CCI) imposed penalty on the hospitality and travel-tech firm for unfair business practices

By Teena Jose

Business News

Oyo Records Revenue Of INR 1459 Crore In Q1

The company is internally working towards a January IPO as executives are encouraged by a pick-up in demand

By Teena Jose

Business News

This Company Is Decoding the Secret To Data Analytics

LatentView Analytics empowers organizations to serve their customers better by helping them move up the analytics maturity curve

By Shrabona Ghosh