Indian food-delivery platform Swiggy Ltd. is seeking to sell shares for as much as 390 rupees ($4.64) each in an initial public offering that may raise $1.35 billion, people familiar with the matter said.The IPO will open for bids from November 6, and the shares are expected to start trading from Nov. 13, according to…
Representative image Supermart major Vishal Mega Mart on Thursday filed its updated draft papers with capital markets regulator Sebi to float Rs 8,000-crore through an initial public offering (IPO). The proposed IPO will be entirely an offer-for-sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares, according to the…
Representative image Shein‘s British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London. The annual revenue from the UK, Shein’s third-biggest market, was 38% more than it had previously reported for a 16-month…
NEW DELHI: Hero Motors, the auto-components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth Rs 900 crore, an update with markets regulator Sebi showed on Monday.In its draft papers, the company had proposed to raise Rs 500 crore through a fresh issuance of equity…
NEW DELHI: Food and grocery platform Swiggy launched its 10 minutes meals and beverage delivery service Bolt on Friday, currently available key locations in Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore.The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require minimal…
NEW DELHI: Foreign investors have poured Rs 57,359 crore into Indian equities in Sept, making it the highest inflow in nine months, mainly driven by a rate cut by the US Federal Reserve.With this infusion, foreign portfolio investors’ (FPIs) investment in equities has surpassed the Rs 1 lakh crore mark in 2024, data with the…
MUMBAI: The IPO for Manba Finance, a Mumbai-based NBFC that finances two and three wheelers, has been subscribed 224 times. The company that aimed to mobilise Rs 151 crore now has a demand for its shares worth nearly Rs 24,000 crore. This is excluding the Rs 45-crore worth of shares allotted to anchor investors last…
India’s biggest initial public offer is set to hit the floors, with market regulator Sebi approving the draft red herring prospectus of Hyundai Motor‘s Rs 25,000-crore offer of sale.The much-awaited IPO is expected to be launched in Oct, and follows a series of public offers that have hit the markets recently. Having received a green…
NEW DELHI: Bajaj Housing Finance shares debuted at over double the offer price in pre-open trade on Monday as investors bet on strong growth in a booming home loan market.The housing finance company commenced trading on the stock exchanges with an impressive 114% premium. The company’s shares opened at Rs 150 on both the Bombay…
MUMBAI: The current frenzy in the IPO market in India, Bajaj Group reputation and the strong fundamentals of Bajaj Housing Finance combined to set a few new records for the primary market on Wednesday.As the Rs 6,560-crore IPO for Bajaj Housing Finance closed in the evening, there were about 89 lakh investors who had shown…
