Latest Updates Around The World
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 […]
Meesho’s Rs 5,421-crore IPO attracted heavy investor traffic on Thursday, with bids more than three times the shares offered on Day 2 and gray market premiums indicating a listing population of over 40%, paving the way for one of the most-watched debuts of the year as investors weighed rapid growth against sustained losses.As of 11.20 […]
Home and furniture company Wakefit Innovations Ltd is gearing up to launch its initial public offering (IPO) on December 8 to raise around Rs 1,400 crore. The company’s maiden public offering is a combination of a fresh issue of shares aggregating Rs 377.1 crore and an offer for sale (OFS) of 4.67 crore shares by […]
The initial public offering (IPO) of precision components manufacturer Aequs Limited opens for bids on Wednesday, December 3 and closes on Friday, December 5. Anchor bids open on Tuesday, December The company plans to raise Rs 670 crore through the issuance of new shares. The issue also includes an offer for sale (OFS) component comprising […]
Sudeep Pharma, a technology-focused maker of excipients and specialty ingredients used in pharmaceuticals, food and nutrition, has raised Rs 268 crore from a heavyweight roster of anchor investors, setting the tone for its Rs 895 crore IPO set to open on November 21.The company allotted 45.27 lakh shares of Rs 593 each to anchors, drawing […]
Capillary Technologies India, a leading SaaS provider, entered the second day of its Rs 877 crore initial public offering on Monday. At the end of Day 1, the issue was 28% subscribed, with bids received for 23.68 lakh shares against the 83.83 lakh shares on offer.On the gray market, the IPO is trading at a […]
The Tenneco Clean Air India IPO has arrived with something the market has been asking for all year: reasonable pricing for a profitable, large-scale auto components business. The size of the offer is Rs 3,600 crore, entirely an offer for sale, in a price range of Rs 378-397 per share, with a proposed listing on […]
Zerodha founder and CEO Nithin Kamath has shed light on what he calls a ‘tax arbitrage game’ driving the behavior and valuations of startups in India, while explaining why many venture capital (VC)-backed companies deliberately operate with little or no profit.In a detailed post on “If you take money out of a company as dividends, […]
Sify Infinit Spaces has filed concept papers with market regulator Sebi to launch the country’s first data center IPO, aiming to raise Rs 3,700 crore. The company, part of the Sify Group, operates one of India’s largest networks of data center colocation facilities. The IPO includes a fresh issue of shares worth Rs 2,500 crore […]
