The FinTech Hub
Source: Live Mint The IPO consists of a fresh issue of shares worth ₹950 crore and an offer for sale (OFS) of 3.81 crore shares with a face value of Re 1 each, bringing the total issue size to ₹2,940-3,043 crore. The company plans to use 75% of the IPO proceeds to repay or prepay…
Source: Live Mint Nisus Finance Services IPO: After a stellar response to the initial public offer (IPO) of Nisus Finance Services, all eyes are now on the allotment process. Nisus Finance Services IPO closed with a robust subscription of 192.29 times at the end of the three-day bidding process on Friday, November 6. The issue…
Source: Live Mint IPOs this week: The primary market is set to remain active next week, with five mainboard companies and six SME companies preparing to launch their initial public offerings (IPOs). Ranging from fintechs to supermarket chains, these mainboard IPOs are expected to collectively raise over ₹19,000 crore, reflecting strong investor interest across diverse…
Source: Live Mint New Delhi, Dec 8 (PTI) The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly ₹18,500 crore. Other mainboard IPOs to…
Source: Live Mint Fintech company One Mobikwik Systems is set to launch its initial public offering (IPO) next week to raise ₹572 crore from the primary market. One Mobikwik Systems is a fintech platform providing services to customers and merchants. Mobikwik IPO will open for public subscription on Wednesday, December 11, and close on Friday,…
Source: Live Mint The Indian arm of LG Electronics on Friday filed for an initial public offering (IPO), becoming the second South Korean conglomerate to sell its shares in the country after automobile giant Hyundai Motor Co. The Korean parent will sell 101.8 million shares, accounting for about 15% of the post-offer paid-up equity share…
Source: Live Mint Vishal Mega Mart IPO: Leading supermarket chain Vishal Mega Mart plans to launch its initial public offering next week, to raise ₹8,000 crore. Vishal Mega Mart IPO price band has been fixed in the range of ₹74-78 per share. Bidders can place bids for a minimum of one lot, consisting of 190…
Source: Live Mint Upcoming IPO: Solar91 Cleantech on Friday, December 6 said Bombay Stock Exchange (BSE) has approved the draft red herring prospectus for its initial public offer (IPO). Solar91 Cleantech, a solar plant installation company, plans to issue up to 54,36,000 equity shares, each with a face value of ₹10, in the upcoming IPO….
Source: Live Mint Mumbai (Maharashtra) [India], November 3 (ANI): The initial public offering (IPO) market of the country has seen a slowdown in subscriptions over the past two months, driven by weak market sentiment and disappointing listing performances, says a report by Axis Capital. The report highlighted that the investors appear to be exercising caution,…
Source: Live Mint A wave of IPO lock-in expiries is set to hit the market, with NTPC Green Energy, Swiggy, Sagility, and 47 other companies slated to have their pre-listing shareholder lock-ins lifted, according to a report released by Nuvama Alternative & Quantitative Research. This is likely to result in the freeing up of shares…
