In preparation for its IPO, Lenskart has focused on achieving complete profitability. (AI image) Lenskart IPO: Lenskart aims to double its valuation to $10 billion for its forthcoming initial public offering (IPO), as indicated by informed sources. The eyewear company plans to submit its draft documentation in May.Numerous startups spanning ecommerce, B2B and fintech sectors…
New Delhi: BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand “BlueStone” has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares worth Rs 1,000 crore and…
LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The public issue, entirely an offer for sale (OFS), involves the sale of 10.18 crore equity shares by the promoter, LG Electronics Inc,…
Representative image Jewellery brand Giva on Monday announced the closure of its extended series B funding round raising Rs 225 crore led by Premji Invest with new investors Epiq Capital, Edelweiss Discover Fund, and the company’s top management joining the round. The round consisted of 35% primary investment and 65% secondary transaction, enabling a partial…
Representative image Jewellery retailer Bluestone has recorded a 64% increase in operating revenue for the year ended March 2024, according to data sourced from Tofler. Its losses for the full year narrowed by about 15% to Rs 142.2 crore. The Bengaluru-based company’s revenue from operations grew to Rs 1,265.8 crore in FY24 from Rs 770.7…
Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC…
Representative image New Delhi:Motisons Jewellers, a Jaipur-based retail jeweller company, on Friday said it has raised a little over Rs 36 crore from anchor investors days before its maiden public issue. The company has allotted 66 lakh equity shares to two funds at Rs 55 apiece — the upper end of the price band, according…
New Delhi: The Initial Public Offering (IPO) of Manoj Vaibhav Gems N Jewellers Ltd was subscribed 13 per cent on the first day of subscription on Friday. The IPO received bids for 12,22,128 shares against 91,20,664 shares on offer, as per NSE data. The category for retail individual investors was subscribed 25 per cent while…
NEW DELHI: Ethnic apparel retailer Sai Silks (Kalamandir) Ltd on Wednesday said its initial share sale will open for public subscription on September 20. The bidding for the anchor investors will open on September 18. The IPO of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares aggregating up to Rs 600 crore…
