SaaS unicorn Amagi Media Labs files DRHP with Sebi, to raise Rs 1,020 crore from fresh issue

SaaS unicorn Amagi Media Labs files DRHP with Sebi, to raise Rs 1,020 crore from fresh issue

Software-as-a-service (SaaS) company Amagi Media Labs Limited has filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi). The initial public offering (IPO) will be a mix of fresh issue and an offer for sale (OFS). The company plans to raise Rs 1,020 crores to be raised as fresh … Read more

Zinka Logistics shares rise 3% after Quick Routes, and other investors pare stakes in bulk deals

Zinka Logistics shares rise 3% after Quick Routes, and other investors pare stakes in bulk deals

Shares of Zinka Logistics Solutions climbed as much as 3.1% on Wednesday to Rs 457.15 on the BSE after several investors, including Quick Routes International, Accel and Peak XV Partners, offloaded significant stakes in the logistics unicorn through open market transactions. Quick Routes International, a key early backer of Zinka Logistics, exited the company on … Read more

Accel and Flipkart-backed Zinka Logistics files DRHP with Sebi for IPO

Accel and Flipkart-backed Zinka Logistics files DRHP with Sebi for IPO

Bengaluru-based Zinka Logistics Solutions, the country’s leading platform for truck operators, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The IPO is a mix of fresh issuance of Rs 550 crore and an offer for sale (OFS) of up to 2.16 crore equity shares by … Read more

Tracxn Tech IPO: Analysts cautious over valuations, investor exit; should you subscribe?

Tracxn Tech IPO: Analysts cautious over valuations, investor exit; should you subscribe?

New Delhi: The market intelligence data analytics provider Tracxn Technologies is set to launch its initial public offering (IPO) on Monday, October 10. Brokerage firms, thus far, remain cautious of the issue, with some suggesting to avoid it. The company will be selling its shares in the range of Rs 75-80 apiece with a lot … Read more