Despite facing severe losses, Paytm will turn profitable by March 2026 says the analysis of a brokerage firm. The analysis report also mentions that the business model of Paytm is sustainable since it is the most impactful and real-economy internet business.
Various Indian companies are planning to raise more than $1 billion combined from initial public offerings in December. Companies waiting in the queue include MedPlus, Vedant etc.
The initial public offering (IPO) comprises a fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 58,324,225 equity shares by promoters and existing shareholders.
Next-gen tech-based companies find themselves at the receiving end of the failed Paytm IPO. The list includes the likes of Oyo, Delhivery and Pharmeasy.
Earlier, the initial public offer (IPO) of Go Fashion India was subscribed 6.87 times on the second day on Thursday. The company had fixed a price band of Rs 655-690 per share for this issue.
While next-gen companies offer promise citing their newly-found utility, several analysts suggest that the companies need to be given time before their financial books are able to reverse the profitability woes.
The LIC IPO would be both significant and imperative for the Government to meet its disinvestment target of Rs 1.75 lakh crore. The stake sale is expected to raise between Rs 40,000 crore to Rs 1 trillion.
CarTrade Tech, Easy Trip Planners and nine more IPOs of new age companies in 2021 had 100 percent Offer for Sale (OFS) translating to transfer of risk from rich individuals to retail public.
A flood of IPOs has hit India’s stock markets recently. Nykaa, Paytm, Policybazaar are some of the well-known names that opened in November. Big daddy LIC is slated to hit the market soon. Do your due diligence before investing.
KFC and Pizza Hut operator Sapphire Foods kicks off Rs 2,073 crore IPO; gets fully subscribed within a few hours of opening
Market sources inform PTI that IPO is expected to fetch Rs 1,500- 2,000 crore. The company's equity shares would be listed on both BSE and NSE.
Retail investors can bid for a minimum Rs 14,634 worth of shares and the maximum investment by them would be worth Rs 1,90,242 at the upper price band.
Policybazaar IPO will close on November 3 and the date for finalisation of basis of allotment with the stock exchange has been stated as November 10.
Last week, Nykaa had announced that it would open for public subscription on October 28. It had stated that it intends to use the proceeds from the IPO for further expansion by setting up new retail stores and establishing new warehouses, its red herring draft papers stated.
The sources informed the news agency that the digital transactions platform expects to debut on the stock by the end of October and is planning to skip the pre-IPO share sale rounds to fast-track listing.
The three-day offering would close on November 1. The equity shares of the company would be listed both on NSE and BSE.
North American private equity firm Carlyle Group's affiliate will sell up to 4.33 crore equity shares and Global Health co-founder Sunil Sachdeva (jointly with Suman Sachdeva) will offload up to 51 lakh equity shares as part of the OFS (Offer for Sale).
Despite the muted response to Vijaya Diagnostics IPO, the broader boom is likely to continue on the back of improved financials and the potential of the ‘China plus one’ strategy.
In this photo provided by Imagen de Chile, people view a total solar eclipse from Polar Union Glacier Camp in Antarctica.Felipe Trueba, Imagen Chile via AP
Red Bull driver Max Verstappen of the Netherlands in action during practice session for the Saudi Arabian Grand Prix in Jiddah.AP Photo/Hassan Ammar
In this photo released by Saudi Royal Palace, Saudi Crown Prince Mohammed bin Salman, accompanies French President Emmanuel Macron, center, as he is greeted by Saudi officials upon his arrival in Jiddah, Saudi Arabia.AP/PTI
Barcelona's Sergio Busquets, left, tussles for the ball with Betis' Andres Guardado during the Spanish La Liga soccer match between Barcelona and Real Betis at the Camp Nou stadium, in Barcelona, Spain.AP/PTI
Wolverhampton Wanderers' goalkeeper Jose Sa makes a save in front of Liverpool's Sadio Mane during the English Premier League soccer match between Wolverhampton Wanderers and Liverpool at the Molineux Stadium in...AP/PTI
Young, brash and little-known artistes are using hip-hop as an outlet to speak up and speak out.
Aamir Shaikh aka Shaikhspeare traces talks about the genre that uses music as a means to dissent.
Family from UP village forced to run around to complete post-death official paperwork and even last rites.
While everyone is going gaga over actress Katrina Kaif in the revamped version of 'Tip Tip Barsa Pani', the replacement of Raveena Tandon does point towards the problem of sexism and ageism in the Indian film industry
Australia winning the T20 World Cup for the first time has been timely as they host the next edition at their own backyard in 2022.
As per the Observer Research Foundation, close to 250 million children in India were adversely affected due to school closures due to the early lockdowns imposed by the government in response to Covid-19.
India's cricket administrators showed more drive to boost BCCI's coffers rather than take care of players' welfare during pandemic times.