Stanley Lifestyles Raises Rs 161 Crore Ahead of IPO
NEW DELHI: Luxury furniture brand Stanley Lifestyles announced on Thursday that it successfully garnered over Rs 161 crore from anchor investors, just a day before its initial share-sale. The allocated shareholders include prestigious names like SBI Mutual Fund, HDFC Mutual Fund, and Max Life Insurance Company, among others, according to a circular on BSE’s website. […]
GoAir plans Rs 2,500 crore IPO early FY22; may file preliminary papers in April
NEW DELHI: Wadia group-owned GoAir plans to come out with a Rs 2,500 crore-initial share sale early next fiscal, according to sources. The no-frills airline has been working on expansion plans and an Initial Public Offer (IPO) will help in raising funds. In recent months, many companies have hit the capital market with their IPOs […]
Finance Ministry invites bids from actuarial firms for valuing LIC ahead of IPO
NEW DELHI: The finance ministry on Monday invited bids from actuarial firms for arriving at the embedded value of Life Insurance Corporation (LIC) ahead of its stake sale. The government plans to sell minority stake in the insurance behemoth and list it on the bourses. It has already appointed Deloitte and SBI Caps as pre-IPO […]
Indigo Paints files papers with market regulator Sebi for Rs 1,000 crore IPO
NEW DELHI: Sequoia Capital-backed Indigo Paints has filed preliminary papers with markets regulator Sebi to raise about Rs 1,000 crore through an initial public offering (IPO). The IPO comprises fresh issuance of stocks aggregating to Rs 300 crore and an offer-for-sale of up to 5,840,000 equity shares by private equity firm Sequoia Capital, through its […]
Brookfield REIT plans $600 million IPO
MUMBAI: Global asset management major Brookfield will file for a USD 600 million (around Rs 4,440 crore) initial public offering for its real estate investment trust (REIT), merchant banking sources said on Thursday. The Canadian asset manager is filing the Draft Red Herring Prospectus (DRHP), making it the third REIT to be listed in the […]
Why startups should aim for an IPO
By Vedant Goel Initial Public Offering (IPO) is one of the most important milestones in the journey of a company. Not only does it reflect on the fact that a company has matured, it also shows that the company has exhibited growth and intends to accelerate faster. When a company reaches a stage where it […]
Emami Cement files for Rs 1,000 crore IPO with SEBI
NEW DELHI: Emami Cement on Friday filed draft papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial share sale. The IPO comprises fresh issuance of shares worth Rs 500 crore, besides, an offer of sale of the same size by the company’s existing promoters and shareholders, according to the draft […]