Latest Updates Around The World
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, […]
The Indian market may be buzzing with IPOs and investor euphoria, but Helios Mutual Fund remains cautious. CEO Dinshaw Irani said the fund skipped Lenskart’s IPO despite strong demand due to high valuations and limited growth visibility, especially in its overseas operations. “When valuations are this high, you need exponential growth to justify them. We […]
The buzz around Lenskart’s recent IPO has sparked sharp reactions and debates among investors and social media users. Deepak Shenoy, CEO of Capitalmind Asset Management, added perspective to the ongoing discussion and shared his views on the drama surrounding an IPO and the unpredictability of market behavior. Shenoy posted on social media platform So much […]
In a sharp critique of India’s IPO ecosystem, veteran investor and GQuant Investech founder Shankar Sharma has described India’s public markets as the “dumbest in the history of IPO markets”, a sentiment sparked by the recent pre-IPO activity surrounding Lenskart. Sharma pointed to what he called a systemic pattern of retail investor manipulation and flawed […]
DSP Mutual Fund has clarified its decision to invest in Lenskart’s IPO following criticism on social media and several investors discussing the valuations. The fund house posted on social media platform However, given the questions and concerns on social media over the past 24 hours, we felt it was important to share clarity with our […]
Eyewear retailer Lenskart Solutions on Friday opened its initial public offering (IPO), aiming to raise Rs 2,150 crore through a fresh issue of shares, while promoters and existing investors will sell 12.75 crore shares through an offer for sale (OFS).The IPO will remain open until November 4 and the company is expected to list on […]
Eyewear retailer Lenskart Solutions has raised Rs 3,268.36 crore from 147 anchor investors ahead of its much-awaited IPO, which opens for subscription on October 31 and closes on November 4. The company has allotted 8.13 crore equity shares at the high end of the price band – Rs 402 per share (face value Rs 2 […]
Lenskart Solutions is all set to make its stock market debut, with its initial public offering (IPO) opening for public subscription tomorrow, October 31. In gray market trading, the IPO premium has fallen sharply, from 27% just a few days ago to around 11.9%, based on the issue price of Rs 402 per share. While […]
According to Dipan Mehta, director of Elixir Equities, the Securities and Exchange Board of India’s (SEBI) proposal to revise mutual fund fee rules to reduce costs for investors is unlikely to have a material impact on mutual funds or brokers. Speaking to ET Now, Mehta said the changes appear “marginal” and are mainly aimed at […]
SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF), managed by SBI Mutual Fund, have invested Rs 100 crore in eyewear retailer Lenskart Solutions Limited through a pre-IPO transaction at a transfer price of Rs 402 per equity share. The investment comes in advance of Lenskart’s IPO, which is scheduled for Friday, October 31, […]
