Latest Updates Around The World
India’s primary market is set for an active week, with four companies looking to raise around Rs 2,066 crore through initial public offerings, led by logistics firm Shadowfax Technologies, even as investor focus remains on upcoming listings such as Bharat Coking Coal and Amagi Media Labs.Investors will be watching a total of seven listings next […]
ICICI Prudential Asset Management Company’s initial public offering (IPO) entered its third and final day of subscription with the gray market premium (GMP) remaining stable at around 14%, indicating strong investor confidence.Investor interest had increased sharply on the second day of the offering. The Rs 10,602 crore IPO of India’s largest active mutual fund manager […]
Horizon Industrial Parks Ltd. is preparing to file for an initial public offering in Mumbai that could raise up to $500 million, according to people familiar with the matter, in what could be one of India’s biggest logistics listings in recent years.The company owned by Blackstone Inc. works with JM Financial Ltd., Axis Bank Ltd. […]
India’s record-breaking IPO year is drawing global attention, but one of the country’s prominent market voices says the pipeline quality gap is rapidly widening. Vikas Khemani, founder of Carnelian Capital, said after consulting with investment bankers that barely 5% of companies were worth meeting, and almost none struck the right balance between business fundamentals and […]
RMZ Corp., one of India’s largest developers, is considering an initial public offering that could raise as much as $1 billion, according to people familiar with the matter, paving the way for one of the country’s biggest real estate listings.The Bengaluru-based company has held preliminary talks with bankers about a possible stock market listing, the […]
E-commerce platform Meesho Ltd., which plans to launch its initial public offering in the first half of December, is targeting a valuation of about 530 billion rupees ($6 billion), according to people familiar with the matter.It was created by SoftBank Group Corp. backed company is in talks with SBI Funds Management Ltd. for a pre-IPO […]
The momentum in India’s primary market is likely to continue in the coming months, with Sebi solving a new set of public issues in sectors ranging from jewelery and chemicals to renewable energy and logistics. The approvals issued in recent weeks include seven companies: PNGS Reva Diamond Jewelery, Sudeep Pharma, Rayzon Solar, Shadowfax Technologies, Safex […]
Tenneco Clean Air India Ltd., a unit of the U.S.-based auto parts maker, is planning an initial public offering next month that could raise about 30 billion rupees ($342 million), according to people familiar with the matter. The supplier of emissions control systems to Indian automakers has started roadshows for investors, seeking a valuation of […]
Worldwide travel technology company Oyo is planning to submit his Concept Red Herring Prospectus (DRHP) in November, with a rating of 7-8 billion with 7-8 billion for his IPO, says sources. The company is expected to approach its board with the proposal next week, people who are familiar with the case told PTI. When a […]
