PN Gadgil Jewellers has raised Rs 330 crore from anchor investors by allotting 68.74 lakh shares to 25 anchor investors ahead of the issue opening on Tuesday. The shares were allotted at the upper end of the price band of Rs 480 per share. Out of the total anchor book, about 33.54 lakh shares were…
Representative Image The initial public offering (IPO) of Baazar Style Retail was subscribed 7.6 times on Day 3 of the bidding process after sailing through on the second day, driven by strong demand from Non-institutional investors. Around noon, the quota reserved for retail individual investors (RIIs) was subscribed 5.5 times. The issue was subscribed 22…
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…
MUMBAI: NSE, India’s largest stock exchange in terms of turnover and revenues, on Tuesday restarted its process to get listed, something that the bourse has been trying for over eight years now but has been delayed due to various regulatory hurdles.On Tuesday, NSE’s board gave its management the go ahead to approach Sebi for its…
Jewellery retailer Bluestone has closed a Rs900-crore financing round that more than doubles the IPO-bound firm’s valuation to $970 million, or Rs 8,100 crore, multiple people aware of the development said. The Accel-backed firm is now set to file the draft red herring prospectus for its initial public offering (IPO) with the stock market regulator…
New Delhi: P N Gadgil Jewellers Limited, a jewellery player in Maharashtra, on Tuesday has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company’s initial public offering comprises a fresh issue of equity shares of the face value of Rs 10 each aggregating up…
MUMBAI: Electric scooter startup Ola Electric‘s Rs 6,146-crore IPO – biggest this year – is set to to open on Aug 2. This will be the first IPO by an auto company since Maruti Suzuki (then Maruti Udyog) went public in mid-2003.The bidding for the IPO will start on Aug 2 and end on Aug…
LONDON: Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein’s average price hikes exceeded those of its rivals H&M…
IPOs galore! Over two dozen Initial Public Offerings (IPOs) are expected to hit the primary market in the coming two months. The companies could collectively end up raising over Rs 30,000 crore. The return of the Modi government for a third term has renewed investor confidence, signaling a period of stable governance and policies.According to…
(Representative Image) Spanish fashion retailer Tendam reported on Thursday a 10 per cent rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering. The owner of the Women’s Secret, Cortefiel and Springfield chains is ready to launch an IPO on the…
