New Delhi, Jan 18 (PTI) Kotak Investment Advisors on Tuesday SAID it has successfully closed its maiden Kotak pre-IPO Opportunities Fund, raising Rs 2,000 crore. The fund will invest in a range of India-focused late-stage new-age businesses with a strong moat of technology, according to a statement. The Kotak Pre-IPO Opportunities Fund has already made [...]
New Delhi, Jan 18 (PTI) Inox Wind on Tuesday said a panel of its board has approved its participation in the proposed initial public offer of Inox Green Energy Services Ltd (IGESL) through an offer for sale of equity shares worth Rs 400 crore.On December 6, 2021, IGESL board approved fund raising through an initial [...]
New Delhi, Jan 18 (PTI) Radiant Cash Management Services, an integrated cash logistics player, and online education platform Veranda Learning Solutions have received the go ahead from capital markets regulator Sebi to float their initial public offerings (IPOs). The two companies, filed their preliminary IPO papers with Sebi between October and November and obtained the [...]
New Delhi, Jan 17 (PTI) Tightening rules for initial public offering (IPO), Sebi has put a cap on the usage of the issue proceeds for unidentified future acquisitions and restricted the number of shares that can be offered by significant shareholders. Also, the regulator has extended anchor investors' lock-in period to 90 days and now, [...]
New Delhi, Jan 16 (PTI) IPO-bound India1 Payments Ltd, which is currently rolling out 300-400 ATMs in a month, is hopeful of deploying over 20,000 such machines in next 4-5 years to ensure cash availability to customers in semi-urban and rural areas, its MD and CEO K Srinivas said on Sunday. "The hike in interchange fees by [...]
New Delhi, Jan 14 (PTI) Edible oil major Adani Wilmar Ltd (AWL) has cut the size of its initial share-sale to Rs 3,600 crore from the Rs 4,500 crore planned earlier, people familiar with the development said on Friday. The company, which sells cooking oils under the Fortune brand, is expected to float its initial public [...]
New Delhi, Jan 14 (PTI) Payment solutions provider AGS Transact Technologies on Friday fixed a price band of Rs 166-175 a share for its initial public offering (IPO). The three-day initial share-sale will open on January 19, and conclude on January 21. The bidding for anchor investors will open on January 18, according to the [...]
Kolkata, Jan 13 (PTI) State-run Braithwaite & Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. The public sector undertaking has made a turnaround in the [...]
New Delhi, Jan 13 (PTI) Payment solutions provider AGS Transact Technologies, which will launch its initial share-sale on January 19, has cut the size of its public issue to Rs 680 crore from Rs 800 crore planned earlier. The three-day initial public offering (IPO) will conclude on January 21, according to the red herring prospectus [...]
The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said.LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for the current financial year ended March 2022. since the LIC Act has no provision [...]
