Paytm Launches Largest IPO On BSE; Falls In Red At Initial Minutes
One97 communication, the parental company of Paytm, launched India's Largest Initial Public Offering (IPO) on November 18 on the Bombay Stock Exchange (BSE). According to reports, amid the weak market sentiments, immediately after the launch, the shares of Paytm traded in the red zone and fell over 20 percent within minutes of trading. The IPO of the company was launched with a value estimated to be Rs 18,300 crores, reports.
Tags: Paytm, IPOs, BSE SENSEX, Stock market, India
NYKAA 'IPO' Fully Subscribed Within An Hour Of Opening
The Initial Public offering (IPO) of Nykaa, with a price band of 1,085-1,125 rupees per share has been open for public subscription on October 28. As per reports, on day one of its bidding, Nyka IPO has been totally booked within an hour, with a subscription of 0.19 times, and the retail portion booked with 1.02 times. The shares of the company issued is worth Rs 630 crores.
Tags: Nykaa, IPOs, India, SEBI, Indian Stock Market
Paras Defence Announces Its IPO Share Allotment
Paras Defence and Space Technologies on September 29 announced the share allotment for its initial public offer. The allotment status can be checked online. The updated records are available on the official website of BSE. The issue earlier broke all records of subscription as it was highly oversubscribed. The offer included a fresh issue of up to ₹140.6 crore and an offer for sale of up to 17,24,490 equity shares.
Tags: IPOs, Paras Defense IPO, SHARE MARKET, COMPANY SHARES
Cyril Amarchand Mangaldas To Be The New Legal Advisor Of LIC IPO
The Department of Investment and Public Asset Management (DIPAM) has selected Cyril Amarchand Mangaldas for the role of legal advisor in IPO offer of LIC on September 26. Following the applications rolled out on July 15, the decision was made after four law firms showed interest. Firms including Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co presented their ideas to the board.
Tags: Life insurance, LIC, DIPAM, IPOs, GOLDMAN SACHS
Nykaa Set To Sail Through IPO; To Seek $4 Billion Valuation
Indian beauty brand Nykaa is heading towards filing for an initial public offering (IPO) that could value the brand at more than $4 billion. The leading beauty product brand, founded by Falguni Nayar will file its DRHP with the market regulator SEBI (Securities and Exchange Board of India) in the next few days. It plans to raise at least $400 million or more in revenue by selling 10% of equity.
Tags: IPOs, Indian Unicorn, Beauty Brands, Indian Startups
Courtesy: Bloomberg Quint
'Droom' Raises $200 Mn From Funding, Becomes India's 17th Unicorn
Online automobile startup "Droom" has raised $200 million in pre-IPO funding, taking its valuation to $1.2 billion and registering itself as India's 17th unicorn company. Investors like "57 Stars" and "Seven Train Ventures", participated in the fund-raiser along with others. The company said that it will use the fund to grow its market all over Indian cities and to international markets eventually.
Tags: Indian Automobile Industry, Automakers, fundraiser, Technology, IPOs, Unicorn list company
Courtesy: The Economic Times
Paytm Money To Help Retail Investors By Facilitating Investments In IPOs
Entering a new territory, Paytm will now start facilitating investments in Initial Public Offers (IPOs) in India. The company's subsidiary Paytm Money will made the process of IPO application completely digital and simple for retail investors. Paytm Money will enable investors to quickly apply and complete the application process for all the latest IPOs via their UPI ID. It also eases the process of making changes in bidding with a dedicated … read-more
Tags: Paytm, Investments, retail investors, IPOs
Courtesy: Hindustan Times