Explore the latest news, in-depth reports, and executive analysis tagged with #Initial Public Offering.
The IPO preparations come as InsuranceDekho continues to work on its merger with insurance distribution platform RenewBuy.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
The company allotted 2.61 crore equity shares to anchor investors at Rs 152 apiece, the upper end of its IPO price band.
The company has fixed the price band at Rs 144-152 per share for the issue.
The Bengaluru-based payments firm is planning to raise around $600-700 million through its proposed public offering at a valuation of $5-6 billion.
New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
The filing comes days after Anthropic raised $65 billion at a valuation of $965 billion, making it the world's most valuable AI startup ahead of OpenAI.
The company's IPO, which opened last week, was subscribed over nine times overall.
The Bengaluru-based company plans to raise Rs 1,250 crore through a fresh issue of equity shares.
Its listing is scheduled on the BSE and NSE on May 8.
Of the total anchor allocation, 57% was allotted to seven domestic mutual funds across 13 schemes, accounting for Rs 158.32 crore.
Kissht has cut the fresh issue component from Rs 1,000 crore to Rs 850 crore, while OFS portion has also been reduced from 8.8 million shares to 4.4 million shares.
The stock exchange has been attempting to list since 2016 to provide exit to its investors.
The IPO comprises of fresh issue of shares worth up to Rs 1,500 crore, and an offer for sale (OFS) worth up to Rs 1,500 crore.
The public offer comprises of fresh issue of shares of Rs 1,500 crore and an offer for sale (OFS) of 136 million shares.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
The listing of Aye Finance will go ahead because the public issue has met the minimum subscription limit of 90%.
MSME lender Aye Finance's initial public offering (IPO) is set to open for bidding next week, February 9-11.
The IPO will open for bidding on February 9 and close on February 11. The anchor bidding will take place on February 8.
With its steady track record of giving timely exits to its investors, Fractal marches towards the IPO. But the larger question now is whether Fractal can keep pace with an AI ecosystem...
