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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
Brainbees Solutions lists with 34% premium on the BSE Brainbees Solutions has debuted at Rs 625.00 on the BSE, up by 160 points or 34.41% from its issue price of Rs 465.00.  The scrip is currently trading at Rs 677.00, up by 212 points or 45.59% from its issue price.  It has touched a high and low of Rs 707.05 and Rs 625 respectively. So far 17.54 lakh shares were traded on the counter. The offering, which was open for subscription between August 6, 2024 and August 8, 2024 was subscribed 12.22 times. The issue price was fixed ...
Brainbees Solutions lists with 34% premium on the BSE
Brainbees Solutions lists with 34% premium on the BSE
Source: Accord Fintech
2024-08-13 11:23:07 am
FirstCry's parent seeks to raise up to $501 million in India IPO, term sheet shows BrainBees Solutions, the parent of Indian retailer FirstCry, is seeking to raise up to $501 million via issue of new shares and existing investors diluting stakes, according to a term sheet seen by Reuters. The company has set a price band between 440 rupees and 465 rupees per share, which values it as much as $2.9 billion at the higher end of the price band, details from the term sheet showed.  
FirstCry's parent seeks to raise up to $501 million in India IPO, term sheet shows
FirstCry's parent seeks to raise up to $501 million in India IPO, term sheet shows
Source: Reuters
2024-08-01 08:58:01 am
FirstCry refiles papers for IPO to raise Rs 1,816 crore  Mother and child care e-commerce platform FirstCry has refiled its draft red herring prospectus (DRHP) for an initial public offer (IPO) with the Securities and Exchange Board of India (SEBI), to raise Rs 1,816 crore via fresh issue of shares. According to the recent DRHP, the offer-for-sale (OFS) component in the IPO comprises shareholders selling 5.4 crore equity shares. The market regulator had earlier claimed that the startup failed to disclose certain significant indicators i...
FirstCry refiles papers for IPO to raise Rs 1,816 crore
FirstCry refiles papers for IPO to raise Rs 1,816 crore
Source: IANS
2024-04-30 02:04:49 pm
E-commerce SaaS platform Unicommerce files for IPO, to sell 29.8 mn shares  E-commerce enablement SaaS platform Unicommerce has filed its draft red herring prospectus (DRHP) with the Security Exchange Board of India (SEBI) for an initial public offering (IPO). The SoftBank-backed company, which is under AceVector Group which also has Snapdeal and Stellaro Brands, has filed DRHP for a secondary sale of 29.8 million shares and does not include fresh issues. AceVector Limited is selling up to 1,14,59,840 equity shares while B2 Capital Partners and SB Investm...
E-commerce SaaS platform Unicommerce files for IPO, to sell 29.8 mn shares
E-commerce SaaS platform Unicommerce files for IPO, to sell 29.8 mn shares
Source: IANS
2024-01-06 05:57:03 pm
Logistics unicorn Xpressbees` net loss surges 6X to over Rs 180 cr in FY23  B2B logistics service provider Xpressbees saw its net loss surging to over six times in FY23, owing to higher cash burn. The Supam Maheswari-led startup reported a net loss of Rs 180.4 crore in FY23, an increase of 566 per cent from Rs 27.1 crore in FY22, reports Startupnews. The operating revenue for FY23 grew 33 per cent to Rs 2,531.5 crore, from Rs 1,904.4 crore in FY22. Initially, Xpressbees was the logistics arm of ecommerce firm FirstCry, but the former was spun out as a ...
Logistics unicorn Xpressbees` net loss surges 6X to over Rs 180 cr in FY23
Logistics unicorn Xpressbees` net loss surges 6X to over Rs 180 cr in FY23
Source: IANS
2023-11-10 11:01:05 am