IPO - Angel One - Page 295

Udaan, India’s biggest B2B e-commerce platform, has raised $250 million in debt and convertible notes. The Bengaluru-based company raised $200 million using a convertible note, which is a kind of short-term financing that converts to equity. The move is expected to pave the way for Udaan to go public in 18 months, boosting the company’s …

According to reports, Life Insurance Corporation (LIC) is planning to file its IPO papers with the market regulator during January’s last week. This news comes at a time when the government authorities are trying their best to make this public issue a grand success. The following sections contain more details on this topic. Keep reading! …

According to certain reports, the state-run insurer LIC is seeking a valuation of Rs. 15 lakh crores. Upon this, LIC will become the second-largest company in India, just behind Reliance Industries Ltd. (RIL). Further, this will bring TCS (Tata Consultancy Services) to third place, which is currently in the second position. Keep reading to know …

Edible oil giant Adani Wilmar has reduced the amount of its inaugural share offer from Rs 4,500 crore to Rs 3,600 crore. The firm, which distributes household oils under the Fortune name, is planning an IPO. AWL is a 50:50 joint venture between the Adani Group of Ahmedabad and the Wilmar Group of Singapore. The …

The digital learning platform Veranda Learning Solutions Pvt. Ltd. has made all arrangements to open its maiden public offering on 29 March 2022. Moreover, the company has fixed the price band for this IPO at Rs. 130 to Rs. 137 per equity share. Get more details on Veranda Learning Solutions Pvt. Ltd. IPO news in …

PKH Ventures Ltd has filed preliminary documents for an IPO in which founder Pravin Kumar Agarwal, who controls 63.69 percent of the Mumbai-based company, plans to sell up to 9.83 million and issue up to 18.26 million shares. The issue’s primary managers are BoB Capital Markets and IDBI Capital. The money will go to the …

THCL Travel Holding Cyprus Limited, a subsidiary of Yatra Online, Inc., filed a DRHP with the market regulator SEBI for an initial public offering aggregating up to Rs 7,500 million in primary proceeds and a secondary offering of up to 8,896,998 equity shares. “We have evolved our company to become one of India’s biggest online …

According to sources, India’s biggest insurer, Life Insurance Corporation, is expected to publish a draft prospectus by the end of this month and begin offering public shares by mid-March. Officials are working on valuing the business, which handles more than $450 billion in assets, and will release a draft IPO prospectus for investors once that …

India’s oldest private sector bank, Tamilnad Mercantile Bank, has filed a draft red herring prospectus with SEBI to go public. The financial institution has a history of 100 years, and it was formed by the Nadar community in the state of Tamil Nadu. As per the DRHP, the bank is planning to issue 1.58 crore …

Through an initial public offering that begins on Wednesday, AGS Transact Technologies would be the leading domestic firm to gain a listing on the share markets this year. The IPO comes after a month of stagnation in the main market. Dates of Initial Public Offerings The subscription period for the public issue begins on January …