IPO - Angel One - Page 288

The Indian share market is witnessing a unique scenario with a flurry of companies going public. This has put the investment banks in charge of running these public issues in a position of profit. These financial institutions have pocketed record income as fees for running these IPOs. As per the documents filed by different consumer …

Fino Payments Bank has unfortunately not capitalised on the bull run markets, as non-institutional buyers stayed away from the sale. Fino Payments Bank launched its IPO on 28 October 2021 and 2 November 2021 was subscribed 2.03 times. Its shares also had a lukewarm response on the bourse. Fino Bank’s stock was listed at a …

With Indian Equity Benchmark Indices trading at historical high levels there has been a lot of traction visible in the primary market as well. It is natural that when the secondary markets are running full throttle, it gives impetus to the primary market also. As the equity benchmark indices hit the new all-time high levels …

Looking at recent events, the Indian Government may have to delay its plans for an Initial Public Offering of Life Insurance Corporation of India (LIC). One probable reason for this delay is that this company’s valuation is taking a lot of time. Meanwhile, there is a lot of preliminary work that this company is yet …

A SEBI-constituted advisory committee has reportedly decided to allow foreign portfolio investors to trade in non-sensitive commodity futures contracts. As per news reports, the Commodity Derivative Advisory Committee (CDAC) has given the nod as it believes that opening up the commodity derivatives market to FPIs would deepen and strengthen the market. A decision to let …

The much-awaited IPO of Zomato opens for subscription on 14 July 2021 and will close on 16 July 2021. The company aims to raise Rs. 9375 crores through its initial public offering. The Zomato IPO price band will be Rs. 72 – Rs. 76/share. The offer worth Rs. 9375 crores, comprises new issues and OFS by existing …

Overview of Zomato IPO On Wednesday, April 28, online food ordering and distribution startup Zomato filed for an initial public offering (IPO) worth up to Rs. 8,250 crores, as food delivery saw a boom amid the country’s ongoing second wave of the pandemic. Zomato was founded in 2008 and is backed by China’s Ant. It …

Although India has a buzzing IPO market, participation from leading startups so far is negligible. But as more first-generation startups are coming of age, their participation might increase. After Policy Bazaar announced its plans in July, it is now time for food delivery startup Zomato to announce the big news. It said that it is …

Established in 1998, SBI Cards & Payments Services Limited is one of the only two NBFCs registered as issuers of credit cards. And with its Initial Public Offering (IPO) scheduled to open on March 2, 2020, SBI Cards is poised to become the only listed company in its industry. The NBFC is a subsidiary of …

Le Travenues Technology Ltd., which is Ixigo’s parent company, received approval from SEBI regarding its initial public offering. The market regulator has already issued an observation letter favouring the company, allowing it to carry on with its Rs. 1,600 crores public offer. As per sources, Ixigo’s listing in the bourses is likely to happen between …