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Indian electric two wheeler-maker Ather Energy files for $370 million IPO Indian electric two-wheeler maker Ather Energy has filed for a 45 billion rupee ($536.2 million) IPO at a valuation of $2.5 billion, a source said on Monday, seeking to tap a red-hot stock market weeks after bigger rival Ola Electric went public. Hero MotoCorp-backed Ather is India's fourth-largest e-scooter maker by market share and is aiming to list in a booming stock market where 200 companies have raised more than $7 billion through IPOs this year, per LSEG data. Ather is sellin...
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Indian electric two wheeler-maker Ather Energy files for $370 million IPO
Source: Reuters
2024-09-09 12:54:41 pm
India's Bajaj Housing Finance targets $7 billion valuation in IPO Bajaj Housing Finance is targeting a valuation of 582.97 billion rupees ($6.94 billion) in one of India's biggest initial public offerings this year, a term sheet showed on Tuesday. Bajaj Housing Finance, the country's second biggest home loan financier by assets under management, has set a price band of 66-70 rupees per share for its $782 million IPO, which will run from Sept. 9 to Sept. 11. The IPO is among the biggest offerings so far this year in a red-hot market that has se...
India's Bajaj Housing Finance targets $7 billion valuation in IPO
India's Bajaj Housing Finance targets $7 billion valuation in IPO
Source: Reuters
2024-09-03 03:16:07 pm
Blackstone-owned gemstone certification firm IGI files for $477 million IPO Blackstone-owned International Gemmological Institute (IGI) filed draft papers for an initial public offering worth up to 40 billion rupees (about $477 million), to capitalise on the booming demand for lab-grown diamonds in India amid a red-hot IPO market. IGI, which grades diamonds, gemstones and jewellery, said it will issue new shares worth up to 12.5 billion rupees, whereas Blackstone will sell shares worth up to 27.5 billion rupees. India along with China and the U.S. contribute to...
Blackstone-owned gemstone certification firm IGI files for $477 million IPO
Blackstone-owned gemstone certification firm IGI files for $477 million IPO
Source: Reuters
2024-08-23 09:25:37 am
Gopal Snacks IPO subscribed 9.02 times on Final Day The Initial Public Offering of Gopal Snacks Limited was subscribed 9.02 times on the final day of bidding. The issue received bids of 10,80,83,438 shares against the offered 1,19,79,993 equity shares, at a price band of ?381-401, according to the data available on the stock exchanges. Qualified Institutional Buyer Portion and Non-Institutional Investors Portion was subscribed 17.50 times and 9.50 times respectively. Employee Portion was subscribed 6.87 times, whereas, Retail Portion and...
Gopal Snacks IPO subscribed 9.02 times on Final Day
Gopal Snacks IPO subscribed 9.02 times on Final Day
Source: PR Agency
2024-03-12 10:51:05 am
Axis Bank, Max Life Insurance say all necessary regulatory approvals obtained in response to Subramanian Swamy`s PIL Axis Bank said on Thursday that it has obtained all necessary regulatory approvals in connection with the purchase of shares of Max Life Insurance with regard to the public interest writ petition filed by BJP leader Subramanian Swamy. A public interest writ petition has been filed by Subramanian Swamy against the Union of India, Axis Bank Limited (Axis Bank), Axis Securities Limited, Axis Capital Limited and others before the Delhi High Court in connection with the sale/purchase of shares ...
Axis Bank, Max Life Insurance say all necessary regulatory approvals obtained in response to Subramanian Swamy`s PIL
Axis Bank, Max Life Insurance say all necessary regulatory approvals obtained in response to Subramanian Swamy`s PIL
Source: IANS
2024-02-16 09:57:28 am
Buy CMS Info Systems Ltd for Target Rs. 455 - Axis Capital Q3FY24 PAT at Rs 871 mn, up 15% YoY, was in line with our estimate. Revenue at Rs 5.8 bn, up 19% YoY, was 4% ahead of estimate driven by 11% YoY growth in cash management and 36% YoY growth in managed services. While FY24 and FY25 revenue guidance remains intact, increasing competitive intensity and higher share of managed services can somewhat pressure the margins. We cut our target price to Rs 455 (Rs 481 earlier) to factor in – (1) 3-6% EPS cuts and (2) roll forward of target P/E to ...
Buy CMS Info Systems Ltd for Target Rs. 455 - Axis Capital
Buy CMS Info Systems Ltd for Target Rs. 455 - Axis Capital
Source: PR Agency
2024-01-31 02:27:50 pm
Bengaluru-based Stanley Lifestyles gets Sebi nod for IPO Bengaluru-based Stanley Lifestyles Ltd has received final observation from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).  The company filed the DRHP for its initial public offering with SEBI on September 4, 2023.  The IPO, with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million equity shares by the promoter and investo...
Bengaluru-based Stanley Lifestyles gets Sebi nod for IPO
Bengaluru-based Stanley Lifestyles gets Sebi nod for IPO
Source: PR Agency
2023-12-06 12:31:22 pm
Ludhiana-based Auto Component Maker Happy Forgings Limited receives Sebi nod to float its IPO Ludhiana-based Happy Forgings Ltd, the fourth largest engineering-led manufacturer of complex and safety-critical, heavy forged and high precision machined components in India as of Fiscal 2023 in terms of forgings capacity has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).     The company had filed its Draft Red Herrin...
Ludhiana-based Auto Component Maker Happy Forgings Limited receives Sebi nod to float its IPO
Ludhiana-based Auto Component Maker Happy Forgings Limited receives Sebi nod to float its IPO
Source: PR Agency
2023-10-31 09:14:45 am