The Rs 700 crore IPO comprises a fresh issue of Rs 200 crore and an offer for sale of Rs 500 crore.
The Zomato CEO also talked about an e-mail from Info Edge founder Sanjeev Bikhchandani on how the company should price its IPO
Only two public sector undertakings (PSUs) have managed to launch their IPOs, together raising less than Rs 5,500 crore
Committing capital to younger companies is full of promise, but there are a few factors investors need to watch out for
Diversified group Raymond Ltd on Wednesday said its board has approved the listing of its subsidiary JK Files & Engineering Ltd (JKFEL), a company that is in the business of auto parts. The initial public offering (IPO) will also comprise an offer-for-sale (OFS) of Rs 800 crore, said the country's leading fabric and apparel manufacturer Raymond in a statement. Moreover, the IPO will not have any fresh issuance of shares and will be undertaken subject to requisite regulatory approvals and market conditions, it added. "We hereby inform that the board of directors of JKFEL, a wholly-owned material subsidiary of Raymond Ltd at its meeting held on November 30, 2021, approved an IPO comprising of an OFS for Rs 800 crore, subject to such variation as permitted under applicable law," it said. It further said that in this regard, the company's board of directors, at its meeting held on Wednesday, approved the OFS for Rs 800 crore, subject to such variation as permitted under applicable law
Others include VLCC Health Care and Metro Brands
The highest fresh capital this year was raised by food delivery firm Zomato (Rs 9,000 cr), followed by Paytm parent One 97 Communications (Rs 8,300 cr), and PB Fintech (Rs 3,750 cr)
Investment bankers said the price bands became narrower as price discovery happened during roadshows for institutional investors
Offers consists of fresh equity issue of aggregating up to Rs 125 crore and OFS of Rs 890 crore
He said the debacle was a collective failure of the management and investment bankers
The Rs 1,013.6-crore IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer
In most cases, the demand in the anchor category gives an indication to how successful the IPO is likely to be
Covid is mentioned 78 times in the IPO document of FSN E-Commerce Ventures Ltd, which runs online beauty store Nykaa
Paytm plans to have "100 per cent flexible" working for its employees "for good", according to Sharma
Typically, HNIs borrow at 8 to 10 per cent from NBFCs to place leveraged bets in IPOs
Nykaa IPO: At the top-end of the band, the beauty startup will be valued at Rs 53,200 crore
The company is eyeing a valuation of $20-22 billion, sources said
41 companies have raised Rs 66,974 cr via IPOs so far this year; just Rs 173 cr shy of all-time high touched in 2017
Valuers are expected to finalise embedded value of LIC this month
At least six firms looking to raise Rs 20,000 crore to hit Street soon