Photo: Tech in Asia
Inspiring Story Of Paytm Founder; India's Youngest Billionaire In 2017
Paytm founder and CEO, Vijay Shekhar Sharma, once a bachelor has now become a billionaire. Reportedly, he used to take home Rs 10,000 a month as salary, when he was 27. He became India's youngest billionaire in 2017. Furthermore, Paytm led by Sharma (43) recorded its Initial Public Offering (IPO) at $2.5 billion last week. Furthermore, he told Reuters, "In… read-more
Tags: Paytm, IPO, Indian Billionaires, Forbes, Human Interest stories
Courtesy: Reuters
Photo: Business Standard
Falguni Nayar Becomes India's Wealthiest Female 'Self-Made' Billionaire: Nykaa
Falguni Nayar, the founder of the beauty and fashion retailer Nykaa, on November 10 became India's wealthiest female self-made billionaire as per Bloomberg Billionaires Index. The market cap of the company also hit an overall valuation of $1 trillion on listing in the market on the same day. The 49-year-old founder started the venture in 2012 after quitting her job as the Managing Director of Kotak Investment Banking.
Tags: Nykaa, Investment Banker, Billionaire, Bloomberg, IPO
Courtesy: The Quint
IPO Oversubscribed Ahead Of Trading Debut Says Volvo Cars
Gothenburg-based Volvo Car said on October 29 that their Initial Public Offering (IPO) was oversubscribed, ''as it attracted strong interests from the institutional investors'' in Sweden's Stockholm. Reportedly, the IPO was priced at 6.22 dollars per share, and the company wishes to distribute nearly 380 million new shares. Once shares are sold, the company will also use the money for its electric-only model line-up.
Tags: Volvo, Stock market, Sweden, Electric Car, IPO
Courtesy: Reuters
Photo: Business Standard
Employees Can Choose Between Work From Home & Office, Says Paytm
Giving the biggest relief to its employee, Paytm has announced that the company's workers won't be forced to come office. Announcing the development, the company's founder Vijay Shekhar Sharm said we've opted for a ''100% flexible work pattern''. Besides, the company is set to launch its Initial Public Offer (IPO) on November 8, closing on November 10. The company has planned to raise Rs 18,300 crore through its IPO.
Tags: Paytm, Work From Home, Work From Office, Covid-19, IPO
Courtesy: Zee News
Photo: The Sentinel Assam
Nykaa To Launch IPO; Likely To Raise Rs 5,200 Crore
Nykaa, which makes beauty and fashion products, will launch its initial public offer (IPO) on October 28, ending on November 1, according to media reports. The company is excepted to raise Rs 5,200 crore, of which Rs 630 crore will be raised from primary issues. While 43.11 million shares will be available on offer for sale (OFS). Reportedly, the share's price could vary between Rs 1,120 to Rs 1,125.
Tags: Nykaa, IPO, Beauty Product, Anchor Book, Share
Courtesy: Times Now
Photo: Republic World
SEBI Allows MobiKwik To Launch IPO & Raise Rs 1,900 Cr Capital
Securities and Exchange Board of India (SEBI) has reportedly granted its approval to MobiKwik, a mobile wallet, to launch an IPO. Reportedly, the company will raise the capital up to Rs 1,900 core through the IPO of which Rs 1,500 crore would come from new shares and Rs 400 crore from the offer for sale (OFS). The company will use the money to fund its organic and inorganic growth.
Tags: IPO, Mobikwik, SEBI, Share
Courtesy: Mint
Photo: Republic World
Paras Defence & Space Technologies Makes IPO Debut, Oversubscribed By 71%
The Initial Public Offering (IPO) of Paras Defence and Space Technologies concluded in September and the shares listed were surprisingly fully subscribed within an hour of the sale. The company is amongst the leaders of the ‘indigenously designed developed and manufactured’ defence and space sector enterprises. Even though the sales of the company took a plunge during the pandemic and the EBITDA margins expanded during the period.
Tags: Stock market, Paras Defense IPO, IPO, SHARE MARKET
Courtesy: The Financial Express
Photo: Legal Sarcasm
OYO Opposes Zostel Threats To Restrict OYO's IPO Activities
In retaliation to a notice from Zostel threatening to limit its IPO preparation efforts, OYO published an open letter on its blog. OYO is allegedly planning a public sale of shares "without complying with the provisions of the award and allotment to the shareholders; the ownership to which they are entitled," as per Zostel. In response, Oyo claims that it is an attempt to circumvent the Delhi High Court's processes.
Tags: Oyo, zostel, hostel, IPO, shareholders
Courtesy: Deccan Herald
Photo: Justdial
LIC's Mega IPO Could Cause Job Loss, Union Warns
India's largest trade union warned that the mega initial pubic offering of LIC will cause job losses and impact the company's social infrastructure spending plans. General secretary of All India LIC Employees' federation said the company will more focus on ''profit-maximizing investments'' after the IPO instead of focusing on development projects such as roads, railways, and power. Reportedly, the union isn't happy with the sale of LIC's 10… read-more
Tags: LIC, IPO, Employment, India, Job Loss
Courtesy: Bloomberg Quint
Photo: Delhivery
Delhivery Acquires B2B Company Spoton For $300 Million
Spoton Logistics has reportedly been acquired by Delhivery ahead of the planned initial public offering (IPO). Though no financial terms about the acquisition have been disclosed, it has been estimated that the acquisition was almost $300 million. The acquisition of Spoton Logistics has not only helped Delhivery to strengthen its Business-to-Business but also to emerge as one of India's largest delivery and e-commerce logistics companies. … read-more
Tags: Delhivery, Acquisition, IPO, PROFIT
Courtesy: The Economic Times
