Aether Industries’ operating revenue grew to Rs 450.23 crore in FY21, from Rs 301.87 crore in FY20, and its net profit climbed 75 per cent to Rs 71 crore in FY 21, from Rs 39.6 crore in FY20.
The company has decided to allocate 35.25 lakh equity shares to 12 anchor investors at Rs 550 apiece, valuing the transaction size at Rs 194 crore, according to a BSE circular.
Raymond Group informed its board approved subsidiary, JK Files & Engineering's IPO comprising an OFS for Rs 800 crore. The IPO will not constitute any fresh issuance of shares.
The category for Retail Individual Investors (RIIs) received 2.10 times subscription while those meant for non-institutional investors got subscribed 7 per cent.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares by promoters and existing shareholders.
The IPO is purely an offer of sale 1,36,69,478 equity shares by promoters and an existing shareholder. It will open on December 1 and conclude on December 3, the company announced.
Star Health Insurance IPO is open for subscription till December 2 and plans to raise Rs 7,249 crore. To apply for one lot, you need to pay Rs 14,400 at the higher price band of Rs 900.
Bloomberg reports that Snapdeal intends to go public in early 2022. It intends to raise at least $200 million at a $1.5 billion valuation.
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.
Anand Rathi's three-day IPO will conclude on December 6. The initial share sale is entirely an offer for sale (OFS) of 1.2 crore equity shares by promoters and existing shareholders.
CoinDCX may look at launching an IPO if government regulations allow it, but will not do so immediately.
As a part of the offer for sale, promoters Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares.
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.
Recent IPOs by new-age companies like Paytm and Nykaa were offers for sale to offload existing shares rather than for raising funds for further expansion.
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.
The Rs 1,013.6-crore IPO received bids for 95,49,687 shares against 80,79,491 shares on offer, according to NSE data till 12:42 hours.
Zerodha founder and CEO Nithin Kamath says in a Twitter thread that the digital brokerage platform doesn’t want to go for IPO.
With Rs 18,300-crore share sale, 350 current and ex-employees of Paytm will now have a worth of at least Rs 1 crore.
Union Home Minister Amit Shah at the Hindustan Times Leadership Summit 2021, in New Delhi.PTI Photo/Kamal Kishore
People visit the deserted Chandrabhaga sea beach, amid Cyclone Jawad threat in Puri.PTI Photo
Snow covered peaks of the Dhauladhar mountains range of the Himalayas after a fresh spell of snowfall, in Palampur.PTI Photo
A railway worker repairs a foot-over bridge at Hatia railway station yard in RanchiPTI Photo
Odisha passenger trains parked at Hatia Railway station yard after Indian Railways cancelled trains as a precautionary measure in view of Cyclone Jawad, in Ranchi.PTI Photo
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.