Alphabet-backed Aye Finance raises Rs 454 crore from major investors ahead of its IPO; Goldman Sachs main investor

Alphabet-backed Aye Finance has raised Rs 454 crore from major investors ahead of its IPO, which opens for public subscription on February 9, lending strong institutional backing to the NBFC, focused on micro-SME lending.The company informed the stock exchanges that it had allotted shares to investors at Rs 129 per share, the top end of […]

InCred Holdings, Elevate Campuses among 8 IPOs approved by Sebi

Capital markets regulator Sebi has approved eight IPOs, unlocking a new pipeline of offerings in financial services, infrastructure, engineering, education and manufacturing as the primary market steadily faces regulatory challenges.Of the approvals, InCred Holdings stands out as the most prominent. InCred Holdings is the 100% holding company of InCred Financial Services, one of India’s fastest […]

The IPOs of Meesho, Aequs and Vidya Wires open this week. GMP indicates a listing gain of up to 35%

Investor sentiment appears optimistic in the gray market as three motherboard IPOs, Meesho, Aequs Limited and Vidya Wires, gear up for listing from December 3 to 5.All three issues call for a notable gray market premium (GMP), which is interpreted by market watchers as an early signal of possible enthusiasm on trading day. According to […]